thousands of suppliers , of all sizes , spread across the globe that are generally far lower maturity in terms of sustainability . Consider the global impact of a Fortune 500 company transforming internal operations and policies to be more sustainable , environmentallyfriendly and socially conscious . Now , imagine if they engaged their thousands of suppliers to take that journey with them . The impact would be exponentially larger . At EcoVadis , that is what we are helping these companies to do .”
“ We work with over 85,000 businesses working to improve their sustainability practices . For example , a lot of them have signed up to the Science Based Targets initiative , requiring them to measure both Scope 3 and their own emissions . But setting targets without a way to measurably demonstrate progress and impact is a challenge . Also , treatment of workers is a huge issue heightened by Covid-19 . Employees have been asked to work harder and longer while others have been laid off . To address these challenges , companies are reconfiguring their supply chains and trying to make them more resilient . “ We provide these companies with EcoVadis Ratings which are snapshots of their sustainability performance . They enable conversations between buyers and suppliers to identify where improvement can happen across environment , labour and human rights , ethics and sustainable procurement practices .”
A growing concern is often-neglected Scope 3 emissions , which stems from goods and services purchased by an organisation , as well as those caused by employee
procurementmag . com 121