The 360° Watch Findings comprise relevant public information about a company's sustainability practices that have been identified via more than 100,000 data sources (including NGOs, press and trade unions). 360° Watch Findings are incorporated into the EcoVadis assessment and can have a positive, negative or no score impact.
- What are 360° Watch Findings?
- Where does EcoVadis extract the information used in the 360 Watch?
- View my company’s 360° Watch Findings
- What is the impact of the 360° Watch on my assessment results?
- What is the difference between "Live News" and "360° Watch Findings?"
- How can I find a detailed 360° Watch Methodology guide?
What are 360° Watch Findings?
A key distinguishing element of the EcoVadis sustainability monitoring platform is the integration of external inputs to augment company-provided documentation and data sources. Laws and regulations such as FCPA in the U.S., Sapin II in France, and the U.K. Bribery Act have made companies even more liable for knowing about sustainability infractions. Yet, for many companies, the information is challenging to uncover, anticipate, and manage independently.
The 360° Watch feature, and the corresponding Management Indicator in the EcoVadis Rating Methodology, serve to collect, classify, and selectively apply stakeholder inputs into the EcoVadis rating process. This process combines artificial intelligence with human analysis to identify the most relevant stories within the past five years, both positive and negative, collected from over 100,000 public sources. This is augmented by Global Regulatory Information Database (GRIDTM) data.
The 360° Watch Findings are the output of this process, where the analyzed results are integrated as part of the EcoVadis Rating and are displayed in the EcoVadis Scorecard in a two-step process. The 360° Watch tool also provides essential intelligence and monitoring for the assessed company and their trading partners, who share their scorecards on the EcoVadis network.
Where does EcoVadis extract the information used in the 360 Watch?
The 360° Watch is a complementary screening conducted by our internal research team that covers the input from various external stakeholders. The aim is to collect information and opinions (whether positive or negative) on a company’s approach to social, environmental, and ethical performance management. If a case is significant enough, such as a monetary fine, sanction, or widespread public condemnation, it will impact the score for each theme based on its severity level.
EcoVadis considers information and data from more than 100,000 sources spread over media, governments, trade unions, NGOs, and other business networks. Please note that we do not capture direct press releases from the companies we assess, as we consider this information to be from a biased source. However, if press releases are available from an external stakeholder's website, we will include them in our assessment.
View my company’s 360° Watch Findings
If any relevant news about your company was analyzed during the assessment, 360° Watch Findings are included in the scorecard below the strengths and improvement areas.
Each news item is listed with its date, impact on the score (positive, negative or no impact), severity level (severe, major or minor) in case of negative news, associated impacted themes and title, source and a snippet of the article. Click “View more” to view the full article.
What is the impact of the 360° Watch on my assessment results?
The 360° Watch Findings is one of the seven management indicators that EcoVadis assesses to rate a company’s sustainability performance. The other six indicators are Policies, Endorsements, Measures, Certifications, Coverage, and Reporting.
Similarly to the other six management indicators, the 360° Watch Findings is assigned a score between 0 and 100 based on standard scoring guidelines. A theme score is attributed based on the scores of each of the seven management indicators and their relative weights. In this context, the 360° Watch Findings is a standalone indicator with a specific weight and impact on the entire scorecard, as shown below:
Please refer to the EcoVadis Scoring Principles Document for details on the other indicators and their relative weighting. Set at 75/100 by default, the 360° Watch can impact the score of each theme (i.e., Environment, Labor & Human Rights, Ethics, Sustainable Procurement). The impact can reduce the theme score across three ranges:
- 0 points (Neutral)
- 5.25 points (Minor)
- 10.5 points (Major)
- 15.75 points (Severe)
Conversely, in the case of positive news without adverse material events, the 360° Watch score can also increase the theme score by 5.25 pts (Positive).
What is the difference between “360° Watch” Findings and “Live News”?
Each 360° Watch Finding is a news article assessed by the EcoVadis analyst team and determined to have a negative, neutral, or positive impact on a trading partner’s EcoVadis score. You can see 360 news articles at the bottom of your trading partner’s scorecard.
The "Live News" findings are up-to-date news on your trading partner's organization, usually found after a scorecard is published. These news articles have yet to be evaluated by EcoVadis analysts, and the impact they may have on a scorecard is not visible in the news article. When the trading partner is reassessed, these news articles will be considered part of the expert analysis process.
To view further information about the differences between “Live News and “360 Watch Findings,” please refer to the 360° Watch & Live News Brochure.
How can I find a detailed guide to the 360° Watch Methodology?
Learn more about the impact of the 360° feature by reading the EcoVadis 360° Watch: A Key Component of the Assessment Methodology.