EcoVadis Secures c. $200M Investment from CVC Growth Partners to Accelerate Adoption of Sustainability Ratings Throughout the Globalised Economy
Summary
EcoVadis will leverage the funding to scale globally and ingrain sustainability, fair labour practices and ethics into enterprise supply chains and business commerce. “The combination of global sustainability initiatives, evolving compliance regulations and corporate purpose commitments are putting a new and urgent spotlight on the supply chain – and creating an immense and growing market for our solutions,” said Frédéric Trinel, co-founder and co-CEO of EcoVadis. This investment from CVC Growth Partners is a testament to the critical role that ESG and sustainability factors play in today’s market.” More than 450 enterprises – representing over $2.5 trillion in business spending – rely on EcoVadis’ supplier ratings and engagement platform to evaluate and improve environmental and social performance across their global supply chains. EcoVadis plans to leverage the funding to expand internationally, break into new countries and further invest in its technology platform, sustainability intelligence solutions and network of rated companies. Backed by a powerful technology platform and a global team of domain experts, EcoVadis’ easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 198 purchasing categories and 155 countries.