EcoVadis in the Press - Articles and bylines

Sustainability-ratings company EcoVadis SAS has received $500 million in an investment round led by General Atlantic and Astorg, as investors seek to capitalize on the push to quantify companies’ environmental and social impacts.

General Atlantic’s BeyondNetZero, a venture that invests in companies involved in the shift to renewable energy, and Astorg, a Paris-based private-equity firm, led the Series C investment in the software-as-a-service provider. Singapore sovereign-wealth investor GIC Private Ltd. and technolog

NEW YORK & PARIS--(BUSINESS WIRE)--EcoVadis, the leading provider of globally trusted business sustainability ratings, has raised $500M with plans to accelerate its vision of influencing every business decision with sustainability intelligence, becoming a sustainability impact unicorn.

The global investment round – the largest equity fundraising for a sustainability data SaaS company to date – brings EcoVadis’ total capital raised to over $725M and was led by Astorg and BeyondNetZero, General Atlantic’s climate investing venture, with participation from Singapore-based GIC and Princeville Capital’s Climate Technology Fund.

LONDON, June 14 (Reuters) - Sustainability data firm EcoVadis has raised $500 million to become one of the sector's first "unicorns", its co-chief executive told Reuters, as demand from companies to track their performance on environmental and social issues surges.

A unicorn is an unlisted firm valued at $1 billion or more.

The financing, led by private equity firms Astorg and BeyondNetZero, General Atlantic's climate investing arm, as well as Singapore's GIC and Princeville Capital, is the largest equity fundraising to date for such a company, EcoVadis said.

Sustainability-ratings company EcoVadis SAS has received $500 million in an investment round led by General Atlantic and Astorg, as investors seek to capitalize on the push to quantify companies’ environmental and social impacts.

General Atlantic’s BeyondNetZero, a venture that invests in companies involved in the shift to renewable energy, and Astorg, a Paris-based private-equity firm, led the Series C investment in the software-as-a-service provider. Singapore sovereign-wealth investor GIC Private Ltd. and technolog

Both consumers and governments are increasingly expecting companies to be responsible for the environmental and human rights impact of their entire supply chain. But most companies are still struggling to assess their suppliers’ sustainability performance, let alone help them improve.

The second annual EcoVadis Network Impact Report that was released today shows a rapid acceleration in the “scaling up” of sustainability activities and accomplishments. Compared to 2020, last year there was a 54% increase in the companies that reported implementing reuse/recycle measures and a 30% increase in the number of companies that said they use or produce renewable energy.

EcoVadis, a business sustainability ratings company, said they have seen several positive environmental and social actions rise sharply since 2016. The total scope of score improvement has tripled across their network of thousands of companies in hundreds of industry categories.

PARIS & NEW YORK--(BUSINESS WIRE)--The second annual EcoVadis Network Impact Report, released today, shows rapid acceleration in the “scaling up” of sustainability impacts, such as the increased use of reuse & recycle measures, increased implementation of equality programs, and more. Since 2016, several positive environmental and social actions have risen sharply and the total scope of score improvement has tripled across the EcoVadis network.

Today, the leading third-party risk management platform, Certa, announced its official partnership with the world’s most trusted provider of business sustainability ratings, EcoVadis. The integration will allow Certa customers to see the EcoVadis ratings of their third-party suppliers at a glance within one integrated platform.

Making progress, North America is rapidly gaining ground on Europe to become a region to watch in terms of corporate sustainability leadership. This insight and more are found in the fifth annual edition of the Business Sustainability Risk & Performance Index, by business sustainability ratings provider EcoVadis.

The company provides sustainability ratings for businesses.

Sustainability data firm EcoVadis has raised $500 million to become one of the sector’s first “unicorns”, its co-chief executive told Reuters, as demand from companies to track their performance on environmental and social issues surges.

A unicorn is an unlisted firm valued at $1 billion or more.

The financing, led by private equity firms Astorg and BeyondNetZero, General Atlantic’s climate investing arm, as well as Singapore’s GIC and Princeville Capital, is the largest equity fundraising to date for such a company, EcoVadis said.

Parisian ‘seal of good earth keeping’ provider EcoVadis has raised just over $500+ million in an equity funding round led by BeyondNetZero and Astorg. The capital is reported to be used to further drive the company’s international expansion plans in North America and Asia, with M&A activities not ruled out of the question. 

LONDON, June 14 (Reuters) - Sustainability data firm EcoVadis has raised $500 million to become one of the sector's first "unicorns", its co-chief executive told Reuters, as demand from companies to track their performance on environmental and social issues surges.

A unicorn is an unlisted firm valued at $1 billion or more.

The financing, led by private equity firms Astorg and BeyondNetZero, General Atlantic's climate investing arm, as well as Singapore's GIC and Princeville Capital, is the largest equity fundraising to date for such a company, EcoVadis said.

The global move to net zero has to be a team effort, with governments, businesses and individuals all working together for the same goal. In the same vein, then, it’s vital for organisations and their suppliers to collaborate to the same end ‒ especially with Scope 3 supply chain emissions making up an estimated 80% of the carbon footprint of any business.

Responsible sourcing, also known as ‘supply chain responsibility’, is a voluntary commitment by companies to take into account social and environmental factors when managing their relationships with suppliers.

At COP26, governments and nations agreed on the Glasgow Climate Pact, which states that carbon emissions will have to fall by 45% by 2030 to keep the Paris Agreement's goal of 1.5°C alive. The Pact urges global companies to reassess their business strategies and carbon footprints in order to avoid dire consequences.

As more global commitments are made, the pressure to reduce emissions builds. So far, over 100 nations have pledged to cut 30% of their methane emissions by 2030. And over 450 financial institutions overseeing $130 trillion in assets said they were committed to aligning their portfolios to achieve net-zero emissions by 2050.

The EcoVadis Sustainable Procurement Leadership Awards recognize companies who are leading the charge in engaging and integrating sustainability into their relationships with trading partners around the globe.

“Each year our nominees exemplify what it means to drive positive environmental and social change through their sustainable procurement initiatives,” said Pierre-François Thaler, Co-CEO, EcoVadis. “While every nominee is making great strides within their sustainability journeys, this year’s program winners stand out for the exceptional progress they are making to create a more sustainable future for our planet and its people.”

EcoVadis concludes 2021 with insights into companies’ sustainability through environmental, social and governance (ESG) Network Impact Report

Businesses are under increasing pressure to disclose critical sustainability information to obtain vital environmental, social and governance (ESG) investments, improve their brand image in the eyes of consumers, and confirm the results of their sustainability practices to industry regulators. 

Companies can achieve this through EcoVadis, the leading provider of ESG and sustainability ratings, which has provided its latest Network Impact Report. The aim of the study is to promote a better understanding of what it means to be sustainable and how organisations can measure their operations to achieve actionable insights. 

How leading companies can and should support mid-sized firms to deliver the latest wave of change

Over the past three decades, sustainable procurement has slowly become an accepted part of doing business for large multinational companies. And while it is not yet business-as-usual for all mid-sized firms, that trend is changing, with the best performers already firmly ahead of the pack.

The latest research from business sustainability ratings expert EcoVadis has found that an increasing number of mid-sized organisations are now very much focused on this area, with a number of them even among the group recognised as Sustainable Procurement Leaders.

This Supply Management Insider whitepaper, produced in partnership with EcoVadis, examines what progress mid-sized firms have made, the benefits and challenges, and how larger businesses can – and should – support them to make further advances for mutual benefit.