WACKER Scores Platinum in EcoVadis Rating

As a member of Together for Sustainability, WACKER not only evaluates its suppliers in terms of sustainability, but also subjects its own performance as a supplier to external rating by EcoVadis. The company joined the chemical industry’s Together for Sustainability (TfS) initiative in 2015. Established in 2011, the organization aims at developing a global program for responsible procurement of goods and services and improving the ecological and social standards of suppliers. EcoVadis is a sustainability ratings provider.

The EcoVadis questionnaire is based on internationally recognized sustainability standards and the principles upheld by Global Compact and Responsible Care^®. The evaluation covers 21 criteria. Adapted to the supplier’s sector, they relate to the environment, work practices and human rights, fair business principles and sustainable supply-chain management. The guidelines are weighted at 25%, actions at 40% and results at 35%.

EcoVadis specialists analyze the information provided by the suppliers, add their own research findings, and summarize the results in a scorecard. In all categories, WACKER’s performance was above average, especially on the environmental front with its sustainable supply-chain-management. The score card lists measures such as reducing and monitoring emissions, consistent risk analysis, as well as supplier evaluation.

The advantage of the EcoVadis questionnaire is that it can be shared with customers on request. WACKER’s score means it can offer its customers standardized and recognized certification of its own sustainability performance. This fosters collaboration and good stewardship of resources.

EcoVadis

www.ecovadis.com

Together for Sustainability (TfS)

https://tfs-initiative.com/

WACKER Sustainability Report

https://reports.wacker.com/2020/sustainability-report/supply-chain.html