Tag: EcoVadis

Climate Inaction Could Cost Companies Over $500 Billion in Annual Liabilities Globally by 2030

Stuart Mitchell

Ignoring supply chain emissions (Scope 3) could cost companies over $500 billion in annual liabilities globally by 2030, according to the 2025 Carbon Action Report from EcoVadis and Boston Consulting Group (BCG), titled Scope 3: From Unmanaged Risk to Untapped Opportunity . The warning comes as companies face mounting pressure on two fronts: physical risks driven by the direct impacts of a changing climate, and transition risks arising from shifts in policy, markets, and technology as the global economy transitions toward a low-carbon future. For the average company, Scope 3…

Read More

Phenix Label Awarded Bronze Medal in Sustainability by EcoVadis

Stuart Mitchell

Phenix Label, a leader in prime labels and flexible packaging, has announced the company has achieved a Bronze Medal from EcoVadis, a leader in business sustainability assessments. Phenix Label’s score placed the company in the top 35 percent among sustainable businesses worldwide. At the forefront of cutting-edge sustainability in the printing industry, Phenix Label partners with EcoVadis-rated brands to develop lower-impact labels and smart packaging that measurably supports supplier scorecards. Phenix Label’s sustainability program includes 99 percent landfill-free operations at the company’s production facility in Olathe. Each week, more than…

Read More

XPO Logistics earns EcoVadis Gold Medal for the second year in a row, for sustainability excellence

Stuart Mitchell

XPO Logistics, a leading provider of innovative and sustainable end-to-end logistics solutions across Europe, has announced that it has once again been awarded the prestigious EcoVadis Gold Medal for sustainability performance, achieving a record score of 82/100 (placing the company at the 98th percentile among all EcoVadis-rated companies – top 2% globally). This recognition also places XPO Logistics Europe among the top performers in its industry – top 1%, demonstrating continuous improvement in environmental, social, and governance (ESG) practices, while reinforcing customer confidence in responsible supply chains.  EcoVadis is the…

Read More

ANA and EcoVadis Partner to Strengthen ESG Standards Across Supply Chains

Stuart Mitchell

All Nippon Airways (ANA), headquartered in Minato-ku, Tokyo, has partnered with EcoVadis to introduce the Sustainability Intelligence Suite. Marking a first for an Asian airline, ANA will deploy the Paris-based global sustainability ratings organization to evaluate and support suppliers. The initiative’s goal is to strengthen the ANA Group’s sustainable procurement practices and reinforce its environmental goals. ANA will use the EcoVadis assessment system to conduct a comprehensive environmental, social and governance (ESG) risk evaluation of its supply chain and engage suppliers to address findings. The program promotes transparency, strengthens accountability…

Read More

EcoVadis Data Shows 167% Surge in Sustainability Ratings As ROI of ESG Comes into Focus

Stuart Mitchell

A new report from EcoVadis finds that businesses around the world are strengthening their efforts to improve environmental, social, and ethical performance across their operations and supply chains. The ninth annual Global Supply Chain Sustainability Risk & Performance Index analyzed 89,000 companies, including nearly 50,000 rated in 2024 alone, and shows the number of sustainability ratings conducted globally has grown 167% over the past five years. Asia-Pacific Makes the Most Progress in 2024 Asia-Pacific (APAC) stood out as making the strongest gains in 2024, with companies there increasing their average…

Read More