Sumitomo Chemical has received a gold medal in a sustainability assessment by EcoVadis (headquartered in France), which evaluates the corporate ESG-related initiatives, for the fourth consecutive year. The gold medal is given to the top 5% of all evaluated companies.
Established in 2007, EcoVadis is a performance rating agency, working to help companies improve their environmental and social practices through their global supply chains. The agency has assessed about 100,000 companies from 175 countries, across 200 business sectors, in four areas: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. A large number of global companies refer to EcoVadis assessment results as one of the important selection criteria for choosing suppliers.