EcoVadis
In 2023, Ashland continued using EcoVadis for third-partyverification of supplier sustainability assessments to ensure they set standards and track progress on environmental, social, and ethical practices and behavior. The assessment focuses on environment, labor and human rights, ethics, and sustainable procurement as defined by Ecovadis here, through a four-pillar approach.
In 2023, the average score of Ashland’s suppliers was 61.5 (out of 100) vs. the total average score of 51.6 in 2023 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.
*In 2023, Ashland achieved 100% key raw material and packaging supplier assessments on the EcoVadis platform. Key suppliers are defined as suppliers cumulatively representing at least 80% of raw material and packaging spend within the identified categories.
