ECOVADIS

EcoVadis ~125000 companies ESG ratings suppliers.

Definition

EcoVadis Methodology: (1) 4 themes: Environment (~40% weight, GHG emissions + energy + water + materials + waste + biodiversity), Labor + Human Rights (~30% weight, working conditions + child + forced labor + discrimination + diversity), Ethics (~20% weight, corruption + anti-bribery + responsible marketing + information security + fair business practices), Sustainable Procurement (~10% weight, supplier ESG screening + supplier engagement). (2) 21 criteria across 4 themes: weighting varies by industry + company size. (3) Industry-specific methodology: ~200 industry categories, weights adjusted per industry materiality. (4) Documentation-based: companies submit policies + actions + results + certifications (ISO 14001, ISO 45001, SA8000, B-Corp, etc.) ; ~70% scoring based on documentation, ~30% on industry benchmarks. (5) Scoring: 0-100 scale, Medals: Bronze (>45), Silver (>59), Gold (>67), Platinum (>75 top 1% companies). (6) IRIS (Iconic 360-degree rating) Scorecard published. Customers: ~1500+ purchasing organizations (BASF, Henkel, Schneider Electric, IBM, Unilever, etc.) requesting supplier assessments. Acquisitions: EcoVadis Carbon Action Module 2020 (GHG emissions tracking), Tealbook 2023 ($25M, supplier data discovery). Funding: Series B $200M 2020 (CVC Capital Partners) ; $1B+ valuation.

Origin

EcoVadis founded 2007 in Paris by Pierre-Francois Thaler + Frederic Trinel ; Series B $200M 2020 ($1B valuation, CVC Capital Partners lead) ; ~125000 companies assessed 2024 ; ~1500 corporate buyers customers.

Example in context

BASF AG (Tier 1 EcoVadis corporate buyer) requests ~10000 critical suppliers complete EcoVadis assessment annually: suppliers submit documentation 4 themes, EcoVadis analysts review + score 0-100, BASF integrates scores in procurement decisions + supplier development plans + contractual ESG targets ; suppliers Gold + Platinum favored sourcing.

Related terms

• B-Corp Certification — alternative certification.