The CWS Group receives the EcoVadis Gold Rating, placing it in the top 5 percent of companies of comparable size and industry. Compared to last year, CWS rose from silver to gold. EcoVadis provides a platform where ESG criteria for companies are reviewed and evaluated and thus made comparable. ESG refers to environmental, social and corporate governance. ESG assessments examine and evaluate corporate social and environmental responsibility.
The EcoVadis assessment process queries a large number of projects and their status, which is then converted into an evidence-based assessment with easy-to-read score cards. Based on the score, i.e. the final score achieved, the organisation then assigns its ratings. It identifies both strengths and areas for improvement within the organisation.
The rating is valid for one year and then has to be reassessed. It identifies strengths as well as opportunities for improvement. The CWS Group's strengths lie primarily in the areas of the environment along with human and labour rights – the most important criteria within the rating. "We are pleased that we have been able to improve in many areas within a year. Our goal is to continuously develop and fulfil our potential. That’s why we regularly take part in the EcoVadis rating to demonstrate our commitment to sustainability and to make it transparent for our customers", says Dr. Maren Otte, Group Director Communications and Responsibility.