Figure 1: Photovoltaic systems on the roofs of many Endress+Hauser buildings generate solar energy. Â
Sustainability is a journey. It spans years and traverses supply chains. There ought to be a way to gauge that sort of progress. For corporations marching down that road, there are a few.
Endress+Hauser earned platinum status for corporate social responsibility (CSR), once again scoring 76 out of a possible 100 points, in the EcoVadis sustainability audit (Figure 1). “Our sustainability journey naturally continues. Platinum status demonstrates that we are on the right path,” said Matthias Altendorf, CEO of the Endress+Hauser Group.
As the industrial-automation supply chain continues to feel the pinch of demand exceeding available supply, the ability to stay the course and remain influential both upstream and downstream looms large.
The EcoVadis rating covers a broad range of nonfinancial management systems, including environmental, labor and human rights, ethics and sustainable procurement impacts. Each company is rated on the material issues as they pertain to the company's size, location and industry. EcoVadis has rated more than 75,000 trading partners worldwide. The Endress+Hauser Group was able to maintain its top position from 2021, which improved on its 2020 score, and it continues to rank among the top percent of comparable companies.
To drive global-supply-chain sustainability, corporations partner with EcoVadis to leverage the influence of spend as a force for good by pushing their trading partners beyond compliance. An EcoVadis-rated company can then see how its score compares to the benchmark in the industry.
These evidence-based assessments are refined into scorecards, providing 0-100 scores and medals of bronze, silver or gold, when applicable. Additionally, the scorecards provide guidance on strengths and improvement areas, which the rated companies may use to focus their sustainability efforts and develop corrective action plans to improve sustainability performance.