As more organizations, governments and individuals place a bigger focus on sustainability, companies are beginning to make larger inroads in their own attempts to operate more sustainably. According to EcoVadis’ fifth annual Business Sustainability Risk & Performance Index, sustainability performance for the more than 46,000 global companies tracked between 2016 and 2020 reached an average of 47.7 score points in 2020, up from 46.6 in 2019.
A sustainability ratings company, EcoVadis scored the companies based on 21 sustainability criteria and across four themes—environment, labor and human rights, ethics and sustainable procurement. The company uses a scoring system of zero to 100, with companies scoring under 25 representing “high risk.” Those with scores of 25-44 are labeled as having “medium risk,” while anything over 45 is “good” and more than 64 is “advanced.”
