EcoVadis

Ashland has partnered with EcoVadis for third party verification of supplier self-assessments to ensure they meet their commitments to environmental, social, and ethical practices and behavior. The self-assessment focuses on environment, labor and human rights, ethics, and sustainable procurement.

We are first focusing on on-boarding our top 100 suppliers, by spend. After we have achieved this milestone, we will continue to on-board all other suppliers. Ashland is assessed through EcoVadis as well, and we provide our scorecard to customers. This allows Ashland to support our customers’ sustainability and transparent reporting initiatives, as well as our own.

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 toward becoming more sustainable companies and further improve Ashland’s environmental performance.

supplier self-assessments

While the supplier code of conduct is good first step, it does not ensure overall compliance. Ashland has partnered with EcoVadis and SEDEX for third party verification of supplier self-assessments to ensure they meet their commitments to environmental, social and ethical practices and behavior. The self-assessment focuses on environment, labor and human rights, ethics, and sustainable procurement. Figure 1 below depicts, in collaboration with EcoVadis, the process we are applying with on-boarding new suppliers.

sust ecovadis pg graphic.jpg

Ashland will be 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.

Upon achieving a higher completion rate, verification of compliance will be evaluated for a sampling of the highest risk suppliers via independent third-party audits. Work towards this step has been initiated. The intent is to educate and help suppliers make progress on their own path toward becoming more sustainable companies. Ashland’s goal is to achieve 100% key supplier assessment on the EcoVadis platform by the end of
fiscal year 2022.

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