Finance

The Value of Supply Chain Sustainability

Prepare for the unpredictable. That may seem like an oxymoron to most, but for Procurement leaders at banks, insurance carriers and other financial institutions – mitigating the unpredictable is part of life. Regulations have stiffened significantly over the past five years, leaving businesses across the financial ecosystem responsible not only for their own behavior, but for the actions and performance of their vendors. Given the typical global bank can easily work with 30,000 – 50,000 suppliers, the complexity (and risk) is significant. Financial institutions have prioritized core third-party risks – such as financial viability and information security – for years. But what about how a vendor operates and runs its business or the relationships the vendor enacts on your behalf?

Improve Performance
& Reduce Costs

Drive Innovation
& Growth

Manage Risk
& Protect Your Brand

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Current Clients In Industry

Over a dozen banking and finance leaders rely on EcoVadis Ratings including Axa, ING Bank, SEB, Société Générale, Worldpay, HSBC France, Lloyds Banking Group Plc and more.

AXA is a French multinational insurance firm headquartered in the 8th arrondissement of Paris that engages in global insurance, investment management, and other financial services.

The benefit of working with EcoVadis is their expertise and their support to train our procurement colleagues and helping us to redefined our processes to understand the risks and proactively address them.

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Simon Lodge Head of category management, AXA UK

The ING Group is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services.

Rewarding sustainability improvement is our aim and the key message in our new sustainability campaign. We encourage clients across all sectors to improve their sustainability performance and we offer them incentives to do so. Companies can benefit from a sustainability rating and now an improved rating can result in lower cost of funding.

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Dr. Roland Mees Director ING Sustainable Finance

Platform Overview

Scorecard

The EcoVadis scorecards help companies monitor suppliers’ CSR practices across 200+ purchasing categories and 175+ countries. The assessment framework is customized for each company according to their activities, size, and geographic location for operations.

Monitoring

Access dashboards to monitor performance of your portfolio by buyer, category, or custom filters. Request assessments, create reports, export data, and engage your team in your risk and performance goals and initiatives.

Benchmark

Benchmark supplier performance per theme by purchasing category or country.

Action Plans

Access action plans to start a dialogue between buyers and suppliers on actions taken by the supplier to improve their CSR performance.