Overview
Product Information on EcoVadis
What is EcoVadis?
EcoVadis Pricing
Overall experience with EcoVadis
“Supplier Sustainability Ratings Improve Scorecards but High Costs Limit Participation”
“Supplier Risk Insights ”
About Company
Company Description
EcoVadis focuses on delivering trusted business sustainability ratings. It serves an array of entities including global supply chains, financial organizations, and public institutions who aim to monitor and enhance sustainability performance. EcoVadis' system utilizes an evidence-based rating model, underpinned by an advanced technological setup. Furthermore, the ratings are verified by a team of experts from across the globe. The company's offerings extend to over 200 industrial sectors, 160 countries and all sorts of business sizes. EcoVadis' scorecards are designed to be actionable, providing benchmarks, insights and a guided journey to improve environmental, social, and ethical practices. EcoVadis assists with driving resilience, fostering sustainable growth, and creating positive worldwide impacts.
Company Details
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Key Insights
A Snapshot of What Matters - Based on Validated User Reviews
Reviewer Insights for: EcoVadis
EcoVadis Likes & Dislikes
Supplier sustainability ratings, dashboard for tracking supplier sustainability risk, advanced risk mapping tools.
Overall broadness of risk areas and a score for each area
The sustainability assessment provides a score which help us to improve the CSR practices and policy documents, while also serving the benchmark against industry standards. It can boost business opportunity with clients. The actionable feedback received allows us to identify and improve the specific areas.
Not suitable for small factories due to the required criteria. The questionnaire is very long and some parts are not relevant for all suppliers. The cost of assessments is very high, so leads to low intake when trying to get suppliers to sign up.
Static scorecard for full scoring, extensive questionnaire and supplier fees. Negative news alerts does not impact risk score
We need to collect many documents to submit this assessment which is time consuming, Can be costly for smaller scale companies and it focus more on policies rather than the impact.
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Peer Discussions
EcoVadis Reviews and Ratings
- SOURCING MANAGER50M-1B USDConsumer GoodsReview Source
Supplier Sustainability Ratings Improve Scorecards but High Costs Limit Participation
Great platform ensuring visibility of supplier sustainability standards. We are able to pull data from the platform into our SRM system by API to contribute towards 360 supplier score cards which is a game-changer for us. The platform has also helped us to improve our own score, based on our reporting data, and achieve EcoVadis Silver with clear improvement plan goals to achieve this. - Executive - ESG50M-1B USDIT ServicesReview Source
Scoring System Enhances CSR Practices Yet Demands Time and Emphasizes Policies
Eco-Vadis assessment provides score which allows the company to benchmark their sustainability and showing it towards the customers, stakeholders. Its a valuable tool for organisation commit towards sustainability, particularly for supply chain operators. But it consumes time to collect documents - MATERIAL COMPLIANCE SPECIALIST1B-10B USDEnergy and UtilitiesReview Source
Clear Layout and Easy Scoring System Enhance Supplier Assessment Experience
Honestly, my experience with Ecovadis has been solidi. This is one of the tool that fits in to your flexibility and workflows, clean layout - MANAGER, SUPPLY CHAIN1B-10B USDInsurance (except health)Review Source
Powerful sustainability tool with great reporting features and benchmarking capabilities.
Using the EcoVardis platform has been really valuable and helped us collate and benchmark sustainability of our wider supply chain and track improvements - VP, PROCUREMENT50M-1B USDConsumer GoodsReview Source
Supplier Risk Insights
Overall a good tool for supplier risk assessments and follow up. Some lack of possibilities on the reporting side for ESGS requirements related reporting. No visibility on sub supplier risk areas.