EcoVadis Excels in ESG Ratings, Data, and Analytics Report

Published on:
by KnowESG

EcoVadis, the leading provider of globally recognised corporate sustainability ratings, announced that it has been named a leader in the report "The Forrester New Wave™: ESG Ratings, Data, And Analytics, Q3 2022".

EcoVadis achieved a differentiated rating – the highest possible score – in six of the ten areas assessed: reported data, presentation, connections/integrations, market approach, performance modelling, and product vision. In addition, the company received an on-par rating in the Sourced Data, Standards Integrity and Execution Roadmap criteria.

Forrester noted, “Our evaluation found that EcoVadis offers strong ESG data on private companies and improvement programmes. EcoVadis has ESG data on nearly 100,000 companies — most of them not publicly owned (a truly unique asset). Its corrective action plans to improve supplier companies’ ESG are best-in-class.

EcoVadis is the best fit for companies that want to track and improve their suppliers’ ESG. EcoVadis has a long track record helping major manufacturers like Henkel, Husqvarna, and PSA Group drive sustainability in their supply chains, reflected in the breadth of private companies EcoVadis has ESG data for and its many integrations with supply chain software.”

Pierre-Francois Thaler, co-founder and CEO at EcoVadis, said: 

"As climate demands become more pressing and greenwashing accusations are on the rise, it is no surprise that Forrester noted that ‘more rigour and transparency are coming to ESG ratings, data, and analytics. We believe this clearly signals that sustainability and ESG ratings are taking a vital place on the corporate strategy landscape.” 

The EcoVadis rating platform is used by procurement and worldwide supply chains, as well as a growing customer base in private equity, third-party risk and resilience, and other industries, to monitor and enhance the sustainability performance of their business and trading partners.

Thaler said, "A customer reference in the report states that the process for managing ESG improvement can be tough with thousands of suppliers. This is exactly our purpose and mission: to empower our customers to measure the sustainability performance of their company and value chain and enable them to advance on their improvement journey towards positive impact.”

Source: EcoVadis

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