Are your customers or company board members asking about your sustainability efforts? Yes? Here are some advantages of choosing suppliers, like Chroma Color, with an EcoVadis rating.
The EcoVadis assessment takes in to account the company’s efforts to reduce their own waste, energy consumption, water conservation, and pollution prevention.
Companies with high EcoVadis ratings have documented KPI’s to prove their sustainability goals are real, measurable and show accountability.
Partnering with environmentally and socially responsible vendors can reflect positively on your company’s brand image.
Companies with higher EcoVadis ratings tend to be more innovative and efficient in their processes.
By partnering with vendors having high EcoVadis ratings, your company can gain access to new markets and customers that prioritize sustainability in their business relationships.
Vendors with strong EcoVadis ratings are more likely to be compliant with relevant laws and regulations, reducing potential legal and financial risks for your company.
Companies with EcoVadis ratings also have cybersecurity plans in place, especially solid data privacy and protections. Along with a reduction of risks associated with third-party vendors and suppliers.
A silver rating from EcoVadis demonstrates Chroma Color’s strong sustainability practices and measurements to reduce the company’s environmental impact, promote social responsibility, and ensure ethical business practices. It also signifies we are making significant efforts to integrate sustainability into our operations.
“After receiving the Bronze award last year for the beginning stages of our program, the Chroma Color team worked together to implement more policies, programs and improvements reflective of a solid ESG program that we are building. We implemented programs to become more cognizant of the use of our resources such as, reduction of water usage, improving air quality, reuse of scrap materials, and reduction of electricity usage. We will continue to identify additional areas where we can reduce our carbon footprint and become more socially mindful and responsible as it is the right and good thing to do for all of us and our future,” stated Jennifer Presnell, Chroma Color’s Corporate Quality & Regulatory Manager.
“The senior leadership team is very proud of our company and its ability to
make changes within our organization to earn a Silver award in 2023. As Chroma Color moves forward, our team will continue to focus on driving measurable improvements in each area,” stated Shruti Singhal, CEO. Download our EcoVadis PDF.
EcoVadis is the world’s most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis’ easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 200+ purchasing categories and 175+ countries.