The award underlines Stahl’s commitment to collaborating with its partners to reduce its environmental impact and build a more responsible and transparent supply chain.
EcoVadis is a globally recognised evidence-based assessment platform that reviews the performance of more than 90,000 organisations across key sustainability criteria. These include environmental impact, labour and human rights standards, ethics, and sustainable procurement practices. The latest report from EcoVadis highlights Stahl’s positive progress across all these areas and builds on the Gold rating achieved by the company in 2021.
Stahl’s 2030 target is to maintain the EcoVadis Platinum rating by working closely with its value-chain partners to help them reduce their environmental impact – including by supporting their transition to renewable feedstocks. In 2021, 80% of Stahl’s total spend on raw materials was supplied by EcoVadis-rated suppliers.
Focus on transparency
The new rating comes as Stahl accelerates its efforts to ensure a more responsible and transparent supply chain. Recent steps toward this goal have included establishing a dedicated Supply Chain Transparency division within the company’s environmental, social, and governance (ESG) department. The division will be tasked with coordinating a new product development framework that prioritises the responsible sourcing of raw materials.
Furthermore, in July 2022, Stahl submitted a new greenhouse gas (GHG) emissions reduction target, including a specific commitment regarding the company’s Scope 3 upstream emissions.
Stahl aims to reduce these by at least 25% over the next 10 years, compared with the base year (2021). Stahl expects to achieve this reduction primarily by working with its suppliers to replace fossil-based raw materials with lower-carbon alternatives.
Ingrid Weijer, ESG Performance Manager at Stahl, said: “Achieving an EcoVadis Platinum rating is further evidence of Stahl’s strengthened ESG focus and our commitment to working with our suppliers and other industry partners to reduce our environmental impact and build a more responsible value chain.
“By working side by side, we can achieve our common objective of helping limit the global temperature increase to 1.5°C above pre-industrial levels by 2050, as agreed at the 2015 Paris Climate Accords.”