The Sustainable Rail Initiative (SRI) is an industry initiative dedicated to driving ESG maturity throughout the Tier 1 rail industry and operating companies’ value chains. Until 2023 the SRI was primarily grouped around European EcoVadis rail industry clients in the Railsponsible.org not-for-profit organization. EcoVadis is now expanding the group internationally and welcoming key Tier 1 suppliers to the OEMs to join as members. In an industry widely recognized as the greenest choice for logistics, transportation and travel, including tier 1 suppliers is an important step toward transparency of the ESG industry risks deeper in the value chain.
The objective of working with EcoVadis as an industry peer group is to accelerate each member’s individual sustainable procurement program through a harmonized assessment standard and a strong joint message to the suppliers to contribute to improving the industry value chain’s ESG footprint.
As per July 2023, the eleven companies below share their supplier sustainability assessments in the SRI pool on the EcoVadis platform. Starting Q4-2023, members will meet quarterly to discuss the sector view insights derived from the shared supplier assessments and strategize improvement measures and pool growth. EcoVadis has appointed an SRI program manager facilitating meetings, giving the members a forum to share best practices and plan supplier capacity-building activities in a safe and antitrust compliant manner.
If your company has not received any requests from us but wishes to share your EcoVadis Scorecard with SRI proactively, please submit a request or email us. If you want to become a member of the Sustainable Rail Initiative, please reach out via email.
To learn more about the benefits of a sector initiative to a rated company: What are the benefits of sector initiatives?