AI TOOL PROFILE
EcoVadis: Supplier Sustainability Ratings Platform
- Operations
- Supplier Risk Management
- Mid-market companies
- Enterprise companies
- Procurement teams
- Sustainability officers
- Compliance managers
Pricing
EcoVadis uses a paid subscription model with tiers including Basic, Premium, Select, and Corporate. Annual fees vary according to company size.
At a glance
- Best for
- Mid-market companies, Enterprise companies, Procurement teams, Sustainability officers, Compliance managers
- Key use cases
- Regulatory Compliance, Sustainable Procurement, Scope 3 Decarbonization, Human Rights Due Diligence
- Official website
- Visit ecovadis official website
How AI is used
EcoVadis is a sustainability ratings platform that provides visibility into the environmental and social performance of a company's supply base. It evaluates suppliers across four themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement, using a methodology aligned with global standards such as ISO and the UN Global Compact.
The software is designed for procurement, sustainability, and compliance teams. It helps these users identify risk and gather validated data for regulatory reporting.
Buyers can use different modules depending on their needs, such as IQ Plus for risk mapping or the Carbon Action Manager for emissions tracking. Because the platform offers different levels of service, buyers should confirm which subscription tier aligns with their reporting requirements and the number of suppliers they intend to rate.
While EcoVadis provides intelligence and ratings, the improvement of supplier practices depends on the buyer's engagement and the supplier's implementation of corrective action plans.
Key Features
Sustainability Ratings
Analyst-validated scorecards that assess suppliers based on location, size, and industry.
Risk Monitoring
Monitoring of news sources in real time and AI-verified supplier documents to identify emerging risks.
Carbon Action Manager
Tools designed to help monitor, measure, and reduce scope 3 emissions.
IQ Plus Risk Mapping
Supply chain mapping to identify at-risk suppliers based on country and industry profiles.
Worker Voice
Anonymous worker feedback and grievance mechanisms to support human rights due diligence.
EcoVadis Academy
On-demand e-learning courses to help suppliers build sustainability capacity.
Use Cases
Regulatory Compliance
Supporting data collection and reporting requirements for CSRD, CS3D, LkSG, and Modern Slavery Acts.
Sustainable Procurement
Using analyst-validated ratings to inform sourcing decisions and identify high-performing suppliers.
Scope 3 Decarbonization
Collecting primary carbon data from suppliers to track progress toward net-zero targets.
Human Rights Due Diligence
Using direct worker engagement tools to identify labor risks and trends across the supply chain.
FAQ
Who is EcoVadis designed for?
- EcoVadis is primarily designed for mid-market and enterprise companies, specifically procurement, sustainability, and compliance teams.
How does EcoVadis verify supplier data?
- The platform uses a combination of AI-verified documentation and reviews by sustainability analysts to validate supplier responses.
Can EcoVadis help with legal regulations?
- The platform is designed to support compliance with regulations such as CSRD, CS3D, LkSG, and various Modern Slavery Acts.
What is the difference between the Basic and Premium plans?
- The Basic plan allows scorecard sharing only within the EcoVadis network, while the Premium plan enables sharing outside the network and includes performance benchmarking.
Source category: Operations
Source subcategory: Supplier Risk Management
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