Our group company Ideal Standard International has been awarded a ‘Silver Medal’ by EcoVadis in recognition of its ongoing commitment to sustainability.
The world’s largest and most trusted provider of business sustainability ratings, EcoVadis put the company in the top 25% of more than 85,000 to be evaluated globally using its independent assessment platform, which covers the four holistic areas environment, ethics, sustainable procurement and labour and human rights.
The report highlights a particular strength in the environment and sustainable procurement areas, and also positions Ideal Standard in the top 15% in its industry in what is only its first assessment by EcoVadis.
The silver medal follows on from the publication of our first sustainability report, Together for a Better Future in March, outlining a series of targets in areas like decarbonisation, recycling, health and safety at work and equality of opportunity.
Jan Peter Tewes, CEO of Ideal Standard International, said: “This is the latest in a series of achievements by Ideal Standard as we fulfil our commitment to sustainable operations and responsible business practices as outlined in our comprehensive ESG Strategy.
“We have said for many years now that the way we do business is every bit as important as the business we do, and our participation in the EcoVadis assessment is another example of our desire to do the right thing and to be transparent about it too.
“We are particularly pleased that our environmental performance was deemed ‘advanced’, validating our dedication to integrate sustainability principles in our entire business.”
The EcoVadis rating recognises Ideal Standard’s ambitious sustainability commitments, practices and achievements, including the removal of all single use plastic from our packaging, the publication of independently verified Environmental Product Declarations for more than 4,500 individual products and the implementation of sustainability criteria in its product development stages using the company’s new EcoLogic approach.
The assessment report also provides specific recommendations for maintaining and improving the score for the following year.
Fatima Mimoumi, our Group ESG Director, said: “This achievement would not have been possible without the dedication and efforts of the entire Ideal Standard team, whose collaboration and commitment to their daily work helped us achieve this important goal.
“We also thank our customers and business partners for their support and trust. It is a collective achievement that spurs us on to continue improving good sustainability practices.
“Our EcoVadis assessment has provided us with many recommendations that we will be prioritising and implementing over the coming years as we aim to better our outcomes in future assessments.”
A detailed summary of this year’s achievements and our upcoming plans will be available in our new 2023 sustainability report, due to be published in the first quarter of 2024.