In 2018, STANDARD was awarded the silver medals for its efforts accomplished in 2017 by EcoVadis as part of its Corporate Social Responsibility (CSR) ratings. For more information about what STANDARD did, read STANDARD’s Corporate Social Responsibility Efforts.
STANDARD has achieved a rating of 52 for its CSR efforts. Given that the electrical industry has an average score of 43, STANDARD stands out as a true leader when it comes to implementing and reporting on Corporate Social Responsibility efforts. The Silver medal is granted to the top 30% of businesses around the world.
Process and Methodology
The EcoVadis methodology is at the core of this Corporate Social Responsibility analysis system that covers 21 indicators across four themes, which are: the environment, fair labor practices, ethics / fair business practices, and supply chain.
The methodology is built on international CSR standards that include the Global Reporting Initiative, the United Nations Global Compact, and the ISO 2600, covering 180 purchasing categories and 150 countries.