For large multinationals, environmental and social risks associated with its suppliers are critical issues. The benefits of implementing sustainable procurement are manifold: reduce risk of supply chain disruption, protect company reputation and brands, lower costs through collaborative actions (e.g. reduction of energy consumption),facilitate access to capital and increase valuation (e.g. integration of ESG factors in investment decisions) and provide market advantage when consumers require a green and responsible supply chain.
The complexity of regulations, as well as rapidly evolving Environmental and Social standards, make CSR (Corporate Social Responsibility) evaluations too demanding to handle internally. For this reason, your clients use the EcoVadis CSR monitoring solution, a system pooled between you and your customer that makes the process faster and cheaper, whilst at the same time helping to improve the reliability of information. The EcoVadis solution provides web-based collaboration tools which allows procurement executives to get access to easy-to-use dynamic scorecards, and to monitor the Sustainability performance of their suppliers as well as their continuous improvement actions.
- Are you a new supplier? Your clients may ask for an EcoVadis monitoring as a prerequisite for signing a contract.
- Are you an existing supplier? Your clients might ask for an EcoVadis monitoring as part of the overall performance management review of your company.
You may also want to anticipate your client's needs, understand the position of your CSR practices and obtain a tool to communicate with all of your customers and partners.