Yes, the EcoVadis subscription model is based on tacit renewal. This is indicated in our general Terms and Conditions which the rated company is asked to accept either when completing their registration form or - if bypassing the registration stage - when signing up and logging in to the platform for the first time.
Upon the first subscription, the rated company is asked to select a subscription plan for one (1) or three (3) years. At the end of the subscription period, it is automatically renewed for one (1) extra year of subscription with the same subscription plan.
We notify the rated company about the tacit renewal in the following ways:
- In the T&Cs;
- Within one (1) month before the subscription end date, we send an email reminder providing the opportunity to terminate the subscription.
The rated company has the ability to check their subscription status and the next renewal date directly in the platform. The rated company can also cancel the subscription at any time in the platform, so that it will not be tacitly renewed for the next one-year period.
See also: How can my company unsubscribe?