Planet
THROUGH THE LENSE OF ECOVADIS
Benvic has consistently been an ESG front-runner, committed to ethics and sustainability. By transparently sharing EcoVadis results, we emphasize accountability and the need to continue on our improvement journey.
BENVIC 2021–2023: A TESTAMENT TO SUSTAINABILITY GROWTH
Companies are not merely cogs in the financial system: they form essential parts of the economic and social fabric of our world. At Benvic, we have always been aware of this truth, and aimed to participate in the collective betterment of our society. We are proud to share that our collective effort to improve our ESG management have paid off: the company is now recognized as a leader not only in business, but also in ethics and sustainability.
In an era when sustainability is not just a buzzword but a critical business imperative, achieving recognition for sustainable practices is a significant accomplishment. Over the past three years, our company has embarked on a transformative journey that is beautifully encapsulated by our EcoVadis ratings. Starting with a Silver rating in 2021, advancing to a 67 points Gold rating in 2022, and further improving to an impressive 76 points Gold rating in 2023, our progress underscores a deep commitment to sustainability.
2021: The Silver Milestone
Our journey with EcoVadis began in 2021 with the awarding of a Silver medal. This recognition was a testament to our foundational efforts in integrating sustainable practices across our operations. The Silver rating highlighted our initial strides in areas such as environmental management, labor and fair business practices, and sustainable procurement. It set a solid baseline and provided a clear roadmap for further improvements.
2022: Ascending to Gold
Building on the momentum of our Silver rating, 2022 marked a pivotal year with our first Gold rating, with 67 points. This success reflected our intensified efforts and significant investments in sustainability initiatives. Key advancements included enhanced energy efficiency measures, robust waste management protocols, bio-based innovative products, and the quality of our ESG training programmes, among others.
This Gold rating placed us in the top 5% of companies appraised in our industry and validated our progress and our strategy.
2023: Maturity, and renewed ambitions
In 2023, we are happy to announce that we have even further improved our Gold rating score, with an impressive 76 points. This substantial increase is the result of years of continuous improvement and innovation in our sustainability practices.
EcoVadis’s 2023 assessment shows an improved performance on all metrics. Our environmental and social practices were particularly commended. Ever since, we have kept the momentum and improved our results. In 2023, Benvic implemented cutting-edge technologies for reducing its carbon footprint, established transparent and ethical supply chain practices, and improved its responsible procurement processes and collaboration with its suppliers.
Our score improvement demonstrates the effectiveness of our strategies in creating a more sustainable future. It is a testament to our unwavering commitment to sustainability, and leaves us energised for the work ahead.
Even as we reap the fruits of our hard work, we contemplate the path ahead, ready to overcome new challenges and to continue the long-term efforts that will ensure we stay a Gold company in the future, one that truly makes a difference.
As always, we are mindful of our responsibility towards our stakeholders and employees. They have always played a key role in our growth and our accomplishments – they are the ones who ran the races that earned this gold medal. With them at our side, we are confident we will carry on our ethical business practices and further improve our positive ESG impact on the world.
WHY ECOVADIS
Benvic has consistently been an ESG front-runner, committed to ethics and sustainability. By transparently sharing EcoVadis results, we emphasize accountability and the need to continue on our improvement journey.
We placed our trust in EcoVadis for its reputable and independent assessment and industry benchmarking. Grounded in 21 criteria grouped in four categories (Environment, Labor & Human Rights, Ethics and Sustainable Procurement), their ratings provide a credible and nonpartisan appraisal of our sustainability performance, helping us to benchmark against industry standards and identify areas for improvement.
EcoVadis ratings are more than just a score, they are a reflection of our company’s dedication to corporate social responsibility (CSR) and sustainable development. They also enhance our reputation among stakeholders, including customers, investors, and partners who increasingly prioritize sustainability in their decision-making processes.
Achieving and maintaining high EcoVadis ratings aligns with our long-term strategic goals. It drives continuous improvement in our sustainability practices, fosters innovation, and helps us mitigate risks associated with environmental and social issues. As we continue to strive for excellence, our EcoVadis journey serves as both a source of pride and a catalyst for ongoing growth and development.
