Innokas uses EcoVadis ranking to reflect our current sustainability initiatives. Innokas earned a badge of Committed in 2024. Innokas is in the beginning of its sustainability journey, but a lot of work has been done, including our first sustainability report for the year 2023 and sustainability roadmap. We anticipate moving up the ranks in the near future. Here we explain what EcoVadis is and how the sustainability ranking for companies works.
EcoVadis is a global platform that provides sustainability ratings for businesses. Founded in 2007, it aims to drive environmental, social, and ethical improvements in global supply chains by assessing companies' sustainability performance. EcoVadis seeks to enhance corporate sustainability by providing businesses with detailed insights into their environmental, social, and ethical practices. Their goal is to promote transparency, and encourage both best practices and sustainable growth across industries.
EcoVadis evaluates companies based on a comprehensive sustainability scorecard, which considers four key areas:
Environment: Energy consumption, waste management, carbon footprint, etc.
Labor & Human Rights: Working conditions, diversity, employee rights, etc.
Ethics: Business integrity, anti-corruption measures, etc.
Sustainable Procurement: Supply chain management, supplier practices, etc.
This information is pulled from seven management indicators, and they are policies, endorsement, measures, certifications, coverage, reporting and 360° Watch Findings. A company’s industry, size and location are also factors that affect the assessment criteria. The assessment is based on a combination of company-provided data, publicly available information, and third-party sources.
Companies are scored on a scale from 0 to 100, with a higher score indicating better sustainability performance. The ratings are divided into five medals: Platinum (top 1%), Gold (top 5%), Silver (top 25%), Bronze (top 50%).
Companies below 50% may still earn a badge. The badges are:
Committed for a minimum score of 45, and Fast Mover for a score between 34-44 with a minimum 6-point improvement compared to the previous assessment in an 18-month period.
