In 2023, a little over a year since we intensified our sustainability initiatives, we obtained the EcoVadis Silver Medal. This came as a recognition of our efforts to integrate sustainable practices into every facet of our business, from environmental stewardship, to social and business responsibility.
This medal places us among the top 25% of companies assessed by EcoVadis. But more than that, it represents the progress we have made and the valuable lessons we've picked up along the way. This milestone also serves as an encouragement for us to keep pushing forward and making a positive impact.
In this article, we delve deeper into what this achievement means, why we chose EcoVadis, and how we're using this as a springboard to increase our sustainability goals. Additionally, we are covering what benefits EcoVadis can bring to your sustainability journey and what this means for our clients.
First things first: What is EcoVadis?
EcoVadis sets the global benchmark for assessing corporate sustainability, employing a comprehensive methodology to evaluate a company's policies, actions, and publicly reported information across key areas: environment, labor and human rights, ethics, and sustainable procurement.
This evaluation is meticulously conducted by a team of international sustainability experts, who leverage a variety of data sources, including supporting documents and 360° Watch Findings, to generate accurate and dependable ratings. These assessments take into account the specific context of each company, including its industry, size, and geographical presence.
Achieving a high rating from EcoVadis indicates a company's dedication to these crucial aspects of modern business.
What are the benefits of being assessed by EcoVadis?
First, it helps you understand your sustainability journey. Gaining insights into your company's sustainability practices is crucial for continuous improvement and strategic planning. EcoVadis offers a comprehensive evaluation through its scorecard, providing a multifaceted view of your performance in sustainability. Here's how this helps:
- Clarity on Performance: Offers a detailed analysis of your company's sustainability practices across four main themes, rating you on a scale of 0-100. This insight clarifies both your strengths and areas where you can improve.
- Industry Benchmarking: Compares your sustainability performance against industry standards using score distribution graphs and theme-specific comparisons. This perspective helps you understand your position within the industry.
- Trend Identification: Keeps you informed about the latest sustainability risks, regulations, and best practices specific to your industry, aiding in proactive risk management and strategy formulation.
Moreover, being assessed by EcoVadis also helps communicate your commitment. Effectively sharing your sustainability achievements is key to building trust and meeting the evolving expectations of customers and partners. EcoVadis facilitates this communication through:
- Meeting Customer/Client Expectations: As environmental and social performance becomes increasingly important to customers/clients, the EcoVadis assessment allows you to demonstrate your dedication to these areas effectively.
- Streamlining Communication: The EcoVadis Scorecard serves as a unique tool that simplifies reporting, enabling you to share your sustainability credentials with all stakeholders through a single, comprehensive assessment, thereby reducing audit fatigue.
Why did we choose EcoVadis?
We believe that being a tech innovator and aware of the global sustainability challenge should go hand-in-hand. This belief drives us to continually improve our practices, ensuring we reinforce our efforts toward becoming a more sustainable company.
We realized the necessity of accurately evaluating our initial sustainability efforts, so we turned to EcoVadis' comprehensive analysis. This process provided us with a detailed, expert-validated assessment of our actions. It provided us with more knowledge to discern the most effective pathways for our future efforts, ensuring that we are guided by informed decisions in our commitment to environmental responsibility and ethical business practices.
After completing the EcoVadis assessment, we were encouraged by our strengths yet mindful of areas needing improvement. Embracing continuous learning reflects our belief that growth and adaptation are essential for long-term sustainability and innovation.
Notably, the EcoVadis scorecard outlines specific areas for enhancement, which are integrated into a Corrective Action Plan proposed in the assessment report. This plan prioritizes improvements in a structured manner, serving as a collaborative platform to support our progress. It enables the formulation of an actionable plan for improvements, the facilitation of transparent communication about intended and completed actions, and the encouragement of feedback exchange, all aimed at elevating our sustainability initiatives.
What the Silver Medal means to us
The EcoVadis Silver Medal is a clear sign of our progress since our journey began in 2018. “2018?” you might ask. “But you started your official efforts in 2022”. Yes, but let us tell you a little bit more.
From the moment we established our company, we were clear about the values we wanted to embody: Togetherness, Care, Growth, Fulfillment, and Fun. Our vision of a thriving society built on fair relations, along with our mission to create value through technology and honest partnerships, guided us in shaping the kind of company we aspired to be—one we could take pride in. Our foundations have always been built on a deep-seated culture of care, and a commitment to do right by our people, guided by healthy business practices and principles rooted in integrity and transparency.
Our dedication to both our people and our business has been recognized through our high Net Promoter Score (NPS) of 91.2% and Employee Net Promoter Score (eNPS) of 76.5%, alongside receiving the Best Places to Work certification.
As we've moved forward, we've become increasingly conscious of environmental sustainability issues. In response, starting in 2022, we began integrating sustainable practices into our operations and company culture, aiming to reduce our environmental footprint.
This medal acknowledges the dedication and hard work we've poured into these efforts. This recognition is both a celebration of what we've achieved and a motivation to push even harder, ensuring that our actions continue to align with our values of making a difference and leading by example in the tech industry.
To receive the Silver Medal, companies must score between 59 and 70. Our overall score puts us in the 73rd percentile of the companies assessed by EcoVadis.
What does it mean when a company is in the 73rd percentile?
Being in the 73rd percentile means that a company has performed better than 73% of the companies assessed by EcoVadis in its category. This indicates an impressive performance in the aspects of sustainability and practices EcoVadis measures. It reflects a company's commitment to sustainability and responsible business practices, placing it above most of others in these critical areas.
What it means for our clients
This achievement is a milestone for us at RebelDot and an assurance to our partners and clients. Collaborating with us means engaging with a company recognized for its commitment to sustainability and responsible business practices. We believe in delivering excellence in our services while adhering to sustainable and ethical standards.
Receiving the EcoVadis Silver Medal marks a significant moment for us, highlighting our dedication to building a sustainable future. This honor acknowledges our past efforts and energizes us to enhance our sustainability practices further. It challenges us to establish and pursue even higher standards of responsibility and innovation in our business operations.
Looking ahead, our path forward is both ambitious and necessary, as we aim to exceed these established benchmarks. This award is a step forward, reminding us of the importance of our mission and encouraging us to intensify our efforts.
