Electrocomponents has been awarded a gold medal by EcoVadis, the independent provider of global sustainability ratings used by many large organisations to help support sustainable purchasing decisions.
The gold medal ranks Electrocomponents in the top 5% of the 75,000 companies assessed by EcoVadis with each company rated on the material sustainability risks and issues for their size, locations and industry. The evidence-based assessment covers policies, actions and results across the key sustainability and ESG dimensions of environment, labour and human rights, business ethics and sustainable procurement.
“This is a brilliant result, and we are proud to have been awarded an EcoVadis gold medal. Their rating is extremely important to us as it shows the strength of our ESG approach. We know our customers and suppliers monitor our sustainability rating on the EcoVadis platform and this result demonstrates that we are a trusted partner, helping to increase the sustainability of our business and the global value chain,” said Andrea Barrett, VP Social Responsibility and Sustainability at Electrocomponents.
Electrocomponents remains focused and committed to its ESG approach, which accelerates the positive impact it has in society and on the environment. ESG is aligned to its Destination 2025 strategy and the company has implemented multiple initiatives across the business to ensure best practice. Electrocomponents focuses on four ESG pillars – environment, customers and suppliers, people and health & safety, and community – with targets in place and under development in each area.
Electrocomponents has also recently been upgraded to an A rating by MSCI, which measures a company’s resilience to long-term, industry material ESG risks.