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EcoVadis Overview
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EcoVadis Overview
©EcoVadis ecovadis.com Mitigate supply
chain risk Drive innovation & growth ECOVADIS CSR RATING AND REAL-TIME MONITORING SERVICE PUBLISHES SIMPLE, RELIABLE SCORECARDS ON A SOFTWARE PLATFORM,WHERE BUYERS AND SUPPLIERS COLLABORATE TO DRIVE CONTINUOUS IMPROVEMENT. BEYOND CSR COMPLIANCE
WHY CSR IS
IMPORTANT With todays’ complex and global supply chains, you are responsible for the actions you and your suppliers take.That’s why selecting the right suppliers and monitoring them against acknowledged sustainability measures (Environmental, Social and Governmental) is so important. But just complying isn’t really good enough. The leaders go beyond compliance and use ethical business practices to drive innovation and growth. Of course profit is important, because without it we wouldn’t create the wealth that drives global prosperity. But if we create the right environment and business practices, we can drive even more growth by doing the following; • Ensuring people are treated fairly, so they are happier and more productive; • Improving business processes to minimise waste and environmental impact to reduce cost and open up new business opportunities; • Doing business in a way that mitigates risk and ensures continuity of supply. THE PROBLEM Managing this is difficult, expensive and inefficient for buyers and suppliers. Suppliers are asked the same questions and audited many times by different buyers. Often these questions are not appropriate, or badly worded. They can be too complex and longer than needed, or too short with ‘yes/no’ answers that provide no real insight into how well the supplier actually manages CSR. The result is that suppliers resist completing questionnaires or do a poor job. Buyers must develop a process for developing, interpreting and using questionnaires to assess a supplier’s CSR profile. If they do ask for supporting evidence, they must ensure it’s authenticity and relevance.They must also keep up to date with anything that has an impact on sustainability, which means consuming multiple data sources to make informed judgements on what they see.This is time-consuming, expensive and usually managed as a manual or spreadsheet process, so there’s duplication of effort and a high risk of errors. For both buyer and supplier, far too much time is spent answering and understanding questionnaires and audits, and far too little time is spent improving sustainability. ©EcoVadis ecovadis.com
THE SOLUTION In 2008
EcoVadis combined a unique methodology and expertise with a collaborative software platform to deliver a simple and reliable CSR rating and monitoring service. 1.METHODOLOGY Our unique methodology provides the framework from which ratings are produced. It incorporates the leading international standards such as Global Reporting Initiative, United Nations Global Compact, ISO 26000 and International Labor Organisation. These are arranged into 21 key CSR indicators split across 4 groups - Environmental, Social, Ethical and Supply Chain. From this we define dynamic questionnaires that are customised for a supplier based on their size, geographical location and industry profile.To be rated, a supplier must answer the questions and provide relevant evidence such as documents, reports, certificates and policies. 2. EXPERTISE Our team of CSR experts use a robust methodology to analyse questionnaire responses and authenticate supporting evidence.They also evaluate the supplier against data from trade and industry bodies, government and non-governmental organisations, media and specialist data providers. This produces a Supplier Sustainability Scorecard which shows how the supplier rates against defined Environmental, Social, Ethical and Supply Chain criteria.This is published and available on our CSR software platform. 3. PLATFORM The software platform enables the buyer and supplier to collaborate to monitor CSR performance.The Supplier Scorecard identifies areas of risk and opportunity that can be managed through Corrective Action Plans. These focus attention on actions required to address a problem or drive improvement. ©EcoVadis ecovadis.com
The platform is
a single point of access to all questionnaires, data analysis, scoring tools, Corrective Action Plan status and regulatory news. It also has global reach with details of 20,000+ suppliers covering 150 purchasing categories across 140 countries. And because it easily integrates with other procurement and supply chain systems, the CSR information is available to other functions throughout the organisation. MAKING IT HAPPEN EcoVadis provides services to guide you through the implementation phase. A dedicated programme manager will work with you to create a personalised project plan. This will define the suppliers you want to evaluate and the steps required to onboard them as efficiently as possible. The Supplier Engagement team will then get involved.They will communicate with suppliers on your behalf, and help them to register on the platform to complete the questionnaire and provide supporting evidence which is used to create their rating. Each project goes through the same stages and the time to complete depends on the number of suppliers to be rated. BENEFITS • EcoVadis makes CSR rating and monitoring much more efficient, faster, accurate and less expensive than ever before for buyers and suppliers. • It provides an intuitive platform where suppliers provide information once, and share it many times with different buyers. This not only eliminates questionnaire and audit fatigue, it can also create new business opportunities. • Suppliers can also improve by benchmarking themselves against their peers.This not only improves performance, it also promotes best practice which can drive business growth. • EcoVadis has firmly shifted the focus from collecting and analysing data, to driving real and meaningful improvement across the supply chain.The service is trusted to do this by more than 140 global, organisations such as Air-France,Alcatel-Lucent,Axa, Bayer, Centrica, Coca Cola, Heineken, Johnson & Johnson, Nestle, Renault and Vodafone. ©EcoVadis ecovadis.com
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