The recent silver medal rating from EcoVadis, the world’s largest provider of business sustainability ratings, not only puts Wallenius Wilhelmsen in the top 25 per cent of the over 85,000 companies rated but is another significant step forward on the company’s sustainability journey.
As part of Wallenius Wilhelmsen’s commitment to sustainability best practice, it has started participating in the EcoVadis sustainability assessment in 2020, and this year the company celebrates its move to silver medal status. “This is excellent external validation of our sustainability progress over the past 12 months,” says Jon Spampinato, senior manager of global sustainability at Wallenius Wilhelmsen.
Designed to evaluate how well a company has integrated the principles of sustainability into its business and management system, the EcoVadis assessment scores businesses between 0-100 across 21 indicators in four categories – environment; labour and human rights; ethics; sustainable procurement.
Wallenius Wilhelmsen’s improved score of 56 compared to last year’s score of 42 is a result of several new systems and processes it introduced in 2021, such as developing its own Sustainable Procurement Policy and Supplier Code of Conduct to identify and manage the ESG risks in its supplier base; further implementing the recommendations of the Taskforce on Climate-related Financial Disclosure (TCFD); adopting an ambitious carbon reduction target of -27.5% and developing an Emissions and Energy Management team.
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