The EcoVadis Carbon Action Module is a new solution to help procurement, sustainability teams, and trading partners collaborate on and address the need for carbon emissions reductions in the supply chain. The Carbon Action Module empowers companies with insights regarding their carbon management practices and performance to foster collaboration with a set of tools to monitor and drive emissions reductions hand in hand with suppliers along their decarbonization journey. As a rated company, you will be asked to respond to carbon-related questions in the EcoVadis assessment, and receive a carbon scorecard.
The EcoVadis carbon scorecard provides an independent assessment of your company’s carbon management system and performance as well as a dedicated dashboard with an aggregated view of carbon management: allowing you to analyze key performance indicators by region or industry, continuously monitor progress and improvement trends, and export results for reporting on your supply chain climate action.
The scorecard will identify carbon management levels and show specific strengths and improvement areas targeted at each level. Management levels include insufficient, beginner, intermediate, advanced, and leader.
Carbon scorecards can be used by requesting companies to identify trading partners that are engaged in the fundamentals of carbon sustainability, those with carbon risks that need addressing, and the top performers in carbon abatement. For rated companies, the carbon scorecard can be a blueprint for the future, a validation of achievement, and an opportunity to demonstrate leadership. The carbon scorecard will be complemented with a variety of materials helping to foster comprehension and adoption of continuous improvement, based on your current scorecard results.
-Your company's score may be used as a new vendor qualification criteria, considered as part of a proposal for new business (e.g. weighted criteria in an RFP/RFQ), as the measurement of potential business risks, or to benchmark performance during an annual review.
-If your company's score is low, you may be prompted to start a corrective action plan. If your company's score is high, you may be identified as a strategic trading partner.
Benefits for you as a rated company:
-Gain deeper insights into your carbon performance, including quantified measures, strengths and improvement areas.
- Share your company's carbon performance with multiple trading partners through the EcoVadis platform and instantly update your network of any corrective actions and reassessments.
- Embark on a continuous improvement journey with annual reassessments of your company's sustainability performance.
-Access to a capacity-building toolkit that enables you to prioritize improvement and monitor progress
-Integration with the EcoVadis Sustainability Intelligence Suite and broader sustainability engagement solutions, with access to a 75,000+ network
Find out more here.
To learn more about what the carbon action module means for requesting companies visit here: https://ecovadis.com/carbon/.