Since August 2022 Idromeccanica Lucchini has been awarded with the prestigious EcoVadis Medal.
What is EcoVadis
EcoVadis is a universal environmental and ethical sustainability ratings provider. The assessment analyzes all the characteristics of a company and focuses on 21 sustainability criteria that are grouped into four themes:
- Environment
- Labour and human rights
- Ethics
- Sustainable procurement and supplies
EcoVadis helps companies to position themselves on the market according to these specific characteristics and draws up charts and reports that give companies the opportunity to understand their strengths, weaknesses and areas of improvement in order to better take advantage of the market possibilities in relation to key themes and measurement parameters.
How does EcoVadis work
More than 100,000 companies from more than 175 countries around the world have submitted their applications to EcoVadis, which has analysed them according to their area of expertise through special questionnaires and through the analysis of documents submitted directly by companies. Among the thousands and thousands of companies evaluated there are also many of the most important multinational corporations and the most famous brands that are aware of the importance of such a relevant certification.
Why EcoVadis is a popular choice
Sustainability is today essential for business. More and more companies realize that increasing their own sustainability practices improves the positioning of their business. EcoVadis certification is a guarantee of high ethical and environmental standards and represents a real flagship for companies entering the international market.
Idromeccanica Lucchini and EcoVadis
Idromeccanica Lucchini has been assessed by EcoVadis both for internal management reasons and to improve its market positioning. EcoVadis gave Idromeccanica Lucchini a clear picture of the company’s sustainability performance based on the scorecard received that has shown all the strengths, areas of improvement and weaknesses of the company compared to competitors. EcoVadis also provided Idromeccanica Lucchini with a comparison score chart and a report on market trends and risks in each sector. The analysis of these data will allow Idromeccanica Lucchini to evaluate its positioning and intervene on areas and issues that can be improved and at the same time it will allow to meet the needs of customers who want to know the environmental and social performance of suppliers as an exclusive communication tool. Idromeccanica Lucchini is already working to improve the most critical sectors of its activity.
How Idromeccanica Lucchini was rated
After providing all the documentation required by EcoVadis, the company placed seventh in the world for its area of expertise with a score of 62/100 and earned the Silver Medal last August. Thanks to the report received, Idromeccanica Lucchini is already working to communicate to customers the results obtained and improve working practices in areas that have been less evaluated.
