Since 2016, the CHT Group has been EcoVadis audited and certified annually, based on documented evidence. The EcoVadis sustainability assessment is a globally recognized, independent and fee-based service for evaluating the business practices and significant sustainability impacts of companies and supply chains.
EcoVadis provides companies from more than 200 industries with holistic sustainability and corporate social responsibility (CSR) ratings through a compelling technology platform. The EcoVadis platform helps companies document, manage and communicate their company's CSR performance in a clear and transparent way.
The EcoVadis rating covers a wide range of non-financial management systems, including environmental impact, labor and human rights, ethics, and sustainable procurement. Each company is evaluated on the subjects that are specifically relevant to its size, location and industry.
These evidence-based assessments are translated into scorecards with scores ranging from zero to one hundred (0-100) and medals (bronze, silver, gold, and platinum). In addition, the scorecards highlight strengths and areas for improvement that assessed companies can use to better target and improve their sustainable management. Individual corrective action plans promote optimization of company-specific sustainability performance.
Assessed companies can also see how their own company compares to their own industry and what potential for improvement exists. This provides additional optimal support for continuous improvements.
EcoVadis is recognized as the world's most trusted provider of sustainability assessments and has assessed over 75,000 business partners, including large multinationals, around the world. This has mitigated the risks of some of the world's largest companies while making a positive contribution to the environment, promoting transparency and driving innovation.
Since 2016, the EcoVadis ratings of the CHT Group have certified a constant growth of our sustainability management and are permanently well above the reported industry average.
Compared to the previous reporting period, the overall score in the current rating increased again and now stands at 65 out of 100 points (+5%).
This puts CHT Group in the top 9% of chemical companies rated in 2021.
The decisive factor for the improved result was the environmental assessment area, where the score was increased by 20 points to 90 out of 100. The ethics (50 points) and sustainable procurement (60 points) categories remained unchanged from the previous year and exceeded the comparable industry average.
Only in the area of labor and human rights (50 points) it was not possible to match the score last achieved due to some missing documentation and reports. The relevant materials are now being prepared and will be available in detail for the next rating.
In the certification process, further valuable potential for improvement and thus fields of action have emerged in all subject areas, which are now being followed up by CHT sustainability management. In this way, the positive development trend is to be maintained in the future and the EcoVadis Gold Medal status is to be achieved.
EcoVadis currently identifies the following measures as sustainability practices of the CHT Group that deserve explicit emphasis:
- Implementation of voluntary sustainability reporting including materiality analysis
- Corporate strategy is aligned with UN Sustainability Development Goals
- CHT is a signatory of the UN Global Compact
- CHT acts in line with the sustainability concept of the German Chemical Industry Association (VCI)
We are happy to provide business partners and stakeholders of the CHT Group with insight into the detailed results and evaluations at any time. Please contact our sustainability management team, who will provide you with access to the EcoVadis platform and the CHT scorecard.
Please send and email to sustainability[at]cht.com.