Effective sustainability reporting across large organizations can be quite a challenge, and assessing all of your subsidiaries may seem daunting. However, there are several key benefits to assessing your subsidiaries.
- Effective Risk Management across your organization
Depending on the country in which your subsidiary is based, its sector of activity, and its size, each subsidiary has the potential to impact your organization’s overall sustainability performance. By assessing each of your subsidiaries individually, you can manage risks more effectively by having full visibility over their sustainability practices on the ground.
- Reduce Costs
By assessing your subsidiaries, you can actually save costs while adding value. This is because each of your subsidiaries gets a Premium subscription for the price of a Basic when you subscribe to Corporate. Some of the particularly useful features of Premium are; access to an in-depth sustainability report, the rate my trading partners feature, and the EcoVadis Academy where each of your subsidiaries has access to courses that help them learn best practices on policies and reporting for each of the four themes that EcoVadis assesses.
- Build your network
Each subsidiary will have the ability to accept requests to share their individual scorecard through the EcoVadis network and to showcase their success outside the network through a downloadable scorecard and medal, giving them opportunities to connect with new business partners.
Our Corporate subscription is designed to help you consolidate your sustainability management system across your organization by getting full visibility on your subsidiary assessments to manage risk, reduce cost and build your network. If you would like to learn more about Corporate, please contact support.ecovadis.com for more information.
- Do we get a preferential subscription fee for assessing our subsidiaries?
- How do we decide which subsidiaries we should assess?
Do we get a preferential subscription fee for assessing our subsidiaries?
Yes, with the Corporate Subscription, your subsidiaries will pay the price of a Basic subscription and get all the benefits of Premium. Please see our Plans & Pricing page for more information about our subscriptions.
How do we decide which subsidiaries we should assess?
Some things to consider when deciding which subsidiaries you would like to assess are the size and location of the company i.e. if you have a subsidiary that is based in a risk country or is in a higher risk industry. You may also want to prioritize assessing your subsidiaries that get the most requests from customers and your group subsidiaries or subsidiaries that have some of their own subsidiaries.