It is a professional service offered to assess and improve the sustainability performance of companies and increase the sustainability rating score given by EcoVadis. EcoVadis is a global sustainability rating platform that assesses companies’ environmental, social and governance (ESG) performance. This consultancy service aims to help companies comply with EcoVadis criteria and optimize their sustainability practices in this area.
EcoVadis Consultancy Services:
1. Current Situation Analysis and Assessment
- Review of EcoVadis Score: We review the company’s current EcoVadis score and the criteria that form the basis for this score. This review identifies where the company is strong and where improvements are needed.
- Gap Analysis: We identify gaps between current sustainability practices and EcoVadis requirements. This analysis helps to identify areas that are missing or need improvement.
- Stakeholder Analysis: We identify the company’s internal and external stakeholders and analyze their impact on the EcoVadis rating process. This makes strategic planning more effective.
2. Developing a Sustainability Strategy
- Setting Strategic Goals: We set strategic goals to improve EcoVadis score and sustainability performance. These goals include reducing environmental impacts, fulfilling social responsibilities and strengthening corporate governance practices.
- Development of Policies and Procedures: We review the company’s sustainability policies and procedures and develop new policies if necessary. This process covers environmental management, labor rights, ethical business practices and supply chain management.
- Sustainability Programs: We develop and guide the implementation of sustainability programs in environmental, social and governance areas. These programs may cover areas such as energy efficiency, waste management, occupational health and safety.
3. Data Collection and Analysis
- Defining the Required Data: We define data requirements in line with EcoVadis criteria. This covers topics such as energy consumption, water use, emissions, social responsibility projects, employee benefits, occupational health and safety.
- Data Collection Process: We collect the necessary data from all units of the company. In this process, data obtained from internal sources and suppliers are analyzed and reported.
- Data Verification: We implement data validation processes to ensure the accuracy and reliability of the data collected. This guarantees that the information to be submitted to the EcoVadis platform is valid.
4. Reporting and Documentation
- Compliance with Reporting Standards: We help prepare the necessary documents and reports in accordance with EcoVadis’ requirements. These documents transparently demonstrate sustainability performance and management processes.
- Preparation of Documentation: We ensure the preparation and submission of all documentation and evidence that will contribute to the EcoVadis rating process. This includes documents such as policies, certificates, performance indicators and audit reports.
- Communication and Presentation: We assist in the accurate and effective communication of reports and documents submitted to the EcoVadis platform. In this process, we ensure that documents are clear, comprehensive and meet the relevant criteria.
5. Continuous Monitoring and Improvement
- Performance Monitoring: We help monitor sustainability performance indicators on a regular basis. This allows us to assess how close the company is to its sustainability goals and how its performance has changed over time.
- Improving EcoVadis Score: We develop continuous improvement strategies. These strategies focus on continuously improving environmental, social and governance practices that will have a positive impact on the EcoVadis score.
- Feedback Management: We analyze the feedback received during the EcoVadis rating process and help improve processes and reports based on this feedback.
6. Stakeholder Communication and Transparency
- Transparent Reporting: We help the company transparently present its EcoVadis assessment and sustainability performance to stakeholders. These reports enhance the company’s credibility with investors, customers, employees and other stakeholders.
- Stakeholder Communication Strategy: We develop strategies to effectively communicate the achievements and sustainability performance of the EcoVadis process to stakeholders. This helps the company communicate its sustainability commitments and achievements to a wider audience.
Benefits of EcoVadis Consulting:
- Improving Sustainability Performance: EcoVadis consulting helps companies improve their environmental, social and governance performance and achieve a higher EcoVadis score.
- Legal and Regulatory Compliance: Reduces the company’s legal risks by helping to align sustainability strategies and practices with legal requirements.
- Reputation Management: A high rating on the EcoVadis platform strengthens the company’s reputation and increases its credibility with stakeholders.
- Investor Attractiveness: High EcoVadis scores attract investors sensitive to environmental, social and governance (ESG) criteria, making the company more attractive.
- Competitive Advantage: Strong sustainability performance provides a competitive advantage in the market and increases customer loyalty.
- Continuous Improvement: EcoVadis consulting enables companies to continuously improve their sustainability practices and achieve stronger performance over time.