The ranking is an independent global overview of companies’ CSR activity, and Lipoid Kosmetik has been awarded the Gold Status in the most recent ranking, for the third consecutive year.
The overall CSR score is composed of four theme scores: Environment, Labor Practices & Human Rights, Fair Business Practices as well as Sustainable Procurement.
“With our overall score, we have not only been ranked among the top 1% of companies operating within our industry (category: manufacture of other chemical products); but, for the first time, Lipoid Kosmetik is in the TOP 1% of suppliers assessed by EcoVadis in all categories,” says the company.
The main actions for Corporate Social Responsibility businesses should undertake are the following, according to EcoVadis.
Support and respect the protection of human rights. Ensure they are not complicit with any abuses in their operations and seek to eliminate of all forms of forced labour
Promote equality and elimination of discrimination in regards to employment
Take responsibility for all environmental impacts of the business
Adhere to ethical business practices, including anti-corruption measures, whistle-blower mechanisms and responsible marketing.
Extend this responsibility to their supply chain, and ensure these principles are upheld by their suppliers, partners, distributors and other third parties.
Embrace transparency and report on the company’s progress across Corporate Social Responsibility topics
EcoVadis rankings evaluate companies’ efforts across these areas, allowing consumers and customers to gain a sense of a company’s profile when it comes to CSR.