Reaxis, Inc. Goes for Gold in the 2021 EcoVadis Sustainability Assessment

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admin July 9, 2021

Each year, EcoVadis offers businesses the opportunity to take “the world’s most trusted sustainability assessment.”

The objective of the EcoVadis methodology is “to measure the quality of a company’s sustainability management system through its policies, actions, and results.” The methodology is based on seven founding principles (EcoVadis)

Evidence-Based

The burden of proof is on the rated company. Sustainability management systems leave traces (e.g., policies, certificates, reporting). Supporting documents are a must. Company declarations are credited only if the evidence is provided.

Industry, Location, and Size Matter

The sustainability management system is assessed taking into account material industry issues, presence in risk countries, and the size and geographical span of the company.

Diversification of Sources

The rating is based not only on supporting documents provided by the company but also on standpoints published by NGOs, trade unions, international organizations, local authorities, or other third-party organizations (e.g. auditors, CDP, external compliance database).

Technology a Must

A rating system can only become reliable and robust if it is supported by technology. Technology facilitates industrialization, which enables fast learning, growth, and scalability.

Assessment by International Sustainability Experts

The supporting documents are analyzed by a team of sustainability experts from around the globe who keep track of the latest best practices in sustainability.

Traceability and Transparency

Every document used in the rating process is stored securely and can be traced back. Rated companies have access, if needed, to the most detailed results and to each scoring decision.

Excellence Through Continuous Improvement

A professional rating methodology is a methodology open to quality controls, continuous improvement, and stakeholders’ feedback. EcoVadis has implemented a company-wide quality management system supported by a client advisory board and a scientific committee.

We are proud to announce that Reaxis has landed in the 96th percentile of assessment participants this year, earning the Gold rating. We couldn’t have done it without our dedicated team and the collaborative efforts of Purchasing, HR, Accounts Payable, Quality, and more.

To learn more about the assessment, contact Victoria Baker at: victoria.baker@reaxis.com.