Ongoing commitment to Environmental, Social, and Ethical Governance (ESG) places OsecoElfab in the top 35% of all companies.
ESG, Corporate Social Responsibility (CSR) and sustainability are core factors of doing business today. With growing global awareness of environmental and social issues, companies are facing increasing pressure to improve their transparency and sustainability practices. This extends beyond individual businesses to include their trading partners and the entire supply chain.
Global regulations such as the EU Corporate Sustainability Due Diligence Directive, Japan’s Guiding Principles on Business and Human Rights, Australia’s Modern Slavery Act, and California’s Supply Chain Transparency laws reflect the growing landscape of due diligence and responsible business practices.
EcoVadis is a platform that provides independent sustainability ratings for companies and their suppliers. Since launching in Paris in 2007, EcoVadis has grown into a globally trusted provider with over 130,000 businesses in its network. EcoVadis helps businesses assess and benchmark their sustainability efforts and those of their suppliers, making it an essential tool for companies looking to improve their transparency and ethical practices.
EcoVadis evaluates companies in four areas: Environment, Labor and Human Rights, Ethics, and Sustainable Procurement. Following assessment, each company receives a detailed scorecard that shows both them and their trading partners how well they are performing in each of those four areas.
The EcoVadis scorecard is a single document that multiple companies can access. They may use it to help qualify new vendors, to assist evaluation during an RFP/RFQ process, as measurement of potential business risks, or to benchmark performance during an annual review.
The EcoVadis assessment is designed to provide an objective, data-driven evaluation of a company's sustainability performance. Companies undergo a comprehensive evaluation process where they are asked to provide evidence of their sustainability practices. Examples of this include documents related to environmental impact, ethical business conduct, human rights practices, and sustainable sourcing. EcoVadis then uses this evidence, along with data from publicly available sources, to generate a scorecard.
The EcoVadis rating scale ranges from Platinum to Bronze, with each level reflecting the company’s dedication to sustainability and the effectiveness of its sustainability management system. Companies in the Bronze category, like OsecoElfab, are recognized for achieving a solid commitment to sustainable practices and maintaining a strong management system that addresses sustainability criteria as outlined in the EcoVadis methodology.
The ECOVADIS scorecard evidences achievements in sustainability. It demonstrates that a business has a robust management system in place to address environmental, social, and ethical challenges. In addition, the EcoVadis scorecard benchmarks a company’s performance against other businesses, and creates a defined path for continual improvement.
For companies looking to work with more sustainable suppliers or demonstrate their own best practice as a responsible business, EcoVadis offers several advantages. It can:
For OsecoElfab, achieving the Bronze EcoVadis Medal is part of our ongoing commitment to sustainable practices. As a leading manufacturer of pressure relief solutions, we are dedicated to delivering safer, cleaner solutions to our customers, while minimizing our carbon footprint and providing a fair, equitable workplace. This means we will not stop at the Bronze Medal, as we continue to pursue our sustainability goals and progress towards a greener and more ethical future for all.
Companies who require their suppliers to have an EcoVadis scorecard can request ours from Ecovadis or reach out to us any time. Beyond that, our Ecovadis scorecard demonstrates our ongoing commitment to manufacturing safer, cleaner solutions to the highest standards, no matter what your industry, wherever you are in the world.
For compliance, quality and peace of mind, contact OE to discuss your pressure relief requirements.