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Ecovadis provides businesses and trading partners with ratings, via scorecards, benchmarks, carbon action tools, and insights, to monitor and assess their sustainability performance. Some of the company's clients include Johnson & Johnson, L’Oréal, Unilever, LVMH, Bridgestone, BASF, and JPMorgan.
The assessment platform rates businesses' sustainability based on four major categories—environmental impact, labor and human rights standards, ethics, and sustainable procurement practices. The companies self-assess based on a questionnaire.
Through this process, the respondent is required to provide evidence of its sustainability performance for the different categories. EcoVadis’ sustainability experts carry out an external verification of the assessment. After the assessment, companies get an EcoVadis score from 0 to 100, which is used to create industry rankings that companies use to compare their business’s sustainability position with other businesses in the industry.