Published 4 years ago.
About a 2 minute read.
Image: UN Global Compact
A new EcoVadis report finds that the greatest gaps between UN Global Compact participants and nonparticipants are in the Sustainable Procurement and Environment themes.
EcoVadis — a leading provider of business
sustainability ratings, intelligence and collaborative performance improvement
tools for global supply chains — has released a
comparing sustainability performance between organizations that have committed
to the UN Global Compact principles to those that have not.
Taking a deep dive into performance across key themes of Environment,
Labor and Human Rights, Business Ethics and Sustainable Procurement,
EcoVadis found that committed companies perform better across their supply
“We assess nearly 20,000 companies a year on their sustainability performance
and this report specifically explores the link between the adoption of the Ten
Principles of the UN Global Compact and advanced sustainability performance,”
said Sylvain Guyoton, SVP of Research at
EcoVadis. “We found encouraging
evidence that companies who adopted the UN Global Compact Principles are
stepping up to the challenge — mitigating CSR risks within their operations and
moving the needle to a more sustainable future.”
Companies committed to the UNGC principles have on average better
sustainability performance: The findings demonstrate a clear correlation
between advanced CSR performance and UNGC participation. That said,
participation in the UN Global Compact does not lead to advanced CSR
performance in and of itself;
Among Global Compact participants, small and medium-sized
demonstrate better performance compared to large ones. This may be due to
the fact that small- and medium-sized companies can act faster when
addressing CSR issues.
Companies perform significantly better in the Labor & Human Rights and
Environmental themes, compared with the Ethics and Sustainable Procurement
The greatest gaps between UNGC participants and nonparticipants are in the
Sustainable Procurement and Environment themes. This gap may be linked to
the need for explicit, executive-level commitment to make investment in
environmental and sustainable procurement programs. Such commitment is a
clear and deliberate part of UNGC participation, and thus explains the
higher performance of participants.
“We must achieve the Sustainable Development
Goals — for our own sake
and for future generations,” said UNGC CEO and & Executive Director Lise
Kingo. “More and more businesses are supporting the Global Goals, and now we
must drive for the tipping points that will make sustainability a mainstream
reality for small and large businesses everywhere. It is encouraging to see that
our Ten Principles on human rights, labor, environment and anti-corruption are
helping companies to improve their sustainability performance.”
To learn more about the UN Global Compact and their various signatories,
download the full report.
Published Mar 6, 2019 7pm EST / 4pm PST / 12am GMT / 1am CET