Most of the environmental, social and ethical problems the world is facing are too big to be solved on an individual company level. While the global coverage of laws and regulations is getting increasingly dense and the window of time to act on major challenges such as climate change is closing, businesses do not have enough resources and often lack scalable solutions.
EcoVadis enables peers to mutualize the sustainability assessments of their trading partners on our platform and work on improvements based on a voluntary standard.
Listen to the advice from top executives from leading industries.
Select your industry and check out the websites of our existing sector initiative portfolio:
A Sector Initiative is a purpose-based group of companies in the same industry, facing similar ESG challenges and values, ready to commit to an ambitious agenda of sustainability value creation chain transformation.
EcoVadis enables industry peers to share the sustainability results, the “Scorecards” of their rated partners, in a secured members’ space. The relationship between a member and a rated trading partner is kept confidential.
Rated companies are being invited to the assessment process on behalf of all member companies and are reassured that they will receive less different sustainability questionnaires. That saves workload and time.
Member companies, meaning requesting companies, benefit from quicker access to many more scorecards in a shorter period of time and collaborate on supplier capacity building.
→Increased ROI for all stakeholders!
Sector view dashboards enable the Initiative to identify and monitor critical ESG topics such as GHG emissions and energy consumption, child labor/human trafficking, corruption, water management. Sector initiatives plan the work on group level and work the plan on member level.
The time invested quarterly in 60 or 90 min meetings is outweighed by the boost of performance improvement and rated company coverage each member will experience!
General membership requirements
- Industry fit
- Have a sustainable procurement vision and a first set of associated time-bound goals
- Senior Executive sponsorship
- Become an EcoVadis customer and mandate EcoVadis to assess your suppliers
General application rules
- Conduct the EcoVadis Sustainable Procurement Maturity Assessment
- CPO/CSO Interview with the EcoVadis Sector Initiative Director
- CPO/CSO presentation to the Initiative members
- Potential objections from existing members will be vetted by the EcoVadis senior management team and must be evidence based
Relationships between rated and requesting companies are strictly anonymous. Member meetings are held in presence of a neutral coordinator. Meeting minutes are shared after the meeting. Members acknowledge and agree that they shall not enter into any discussion, activity or conduct that may infringe, on its part or on the part of its members, any applicable antitrust and competition law. Notably, members shall not discuss, communicate or exchange any commercially sensitive information, such as non-public information relating to prices, marketing and advertising strategy, costs and revenues, customers, territories, trading terms and conditions with third parties, including purchasing strategy, terms of supply, trade programs or distribution strategy. This applies not only to discussions in formal meetings but also to informal discussions before, during and after meetings.