EcoVadis
Ashland has partnered with EcoVadis for third-party verification of supplier sustainability assessments to ensure they meet their commitments to environmental, social, and ethical practices and behavior. The assessment focuses on environment, labor and human rights, ethics, and sustainable procurement.
In 2022 the average score of Ashland’s suppliers was 58.89
(out of 100) vs. the total average score of 45.2 in 2022 of all assessed companies on the EcoVadis platform.
supplier evaluation and follow-up:
We plan to utilize our suppliers’ EcoVadis results to evaluate our highest risk suppliers through independent, third-party auditing processes. The intent of our follow-up program is to educate and help suppliers make progress on their path towards becoming more sustainable companies and further improve Ashland’s environmental performance.
Figure 1 below depicts, in collaboration with EcoVadis, the process we are applying to evaluate our suppliers.
Ashland is working with suppliers that have performance scores below 45 so they understand the factors affecting their score and can improve and develop their sustainability programs.
Ashland’s goal is to achieve 100% key supplier assessment on the EcoVadis platform by the end of fiscal year 2024.
*key materials cover 80% of the spend.
