Grundfos has announced that it has achieved Platinum medal rating from EcoVadis.
EcoVadis, provider of business sustainability ratings, assessing more than 130,000 companies’ actions and practices on their corporate and social responsibility. Using its international standards, EcoVadis evaluated Grundfos across four key areas: Environment, Labour & Human Rights, Ethics, and Sustainable Procurement to award the medal rating.
Since the last assessment, which was a Gold medal rating, Grundfos said it has implemented additional measures and policies to strengthen social and environmental responsibility across the value chain.
Louise Koch, senior director, group head of sustainability at Grundfos, said: “We are very proud of the Platinum rating, which I would like to dedicate to our hard working and dedicated colleagues worldwide. It encourages us to keep pushing ourselves to enhance our Environmental, Social and Governance (ESG) practices that include progressing towards net zero by 2050, fostering a fair, inclusive, and safe working environment, enforcing strong ethical business standards, and ensuring sustainable procurement across our entire value chain.”
Silvio Vanzo, group senior vice president, purchasing, at Grundfos, added: “Achieving Platinum certification highlights Grundfos’ commitment to conduct business in a responsible way, but it also highlights the close collaboration and trust between us and our loyal suppliers and customers. Their cooperation and input have been instrumental in strengthening and enhancing our ESG practices throughout the entire value chain.”