EcoSynthetix Inc. recognized by EcoVadis for sustainability
EcoSynthetix expects to generate a 1:1 carbon cover in 2022, making EcoSynthetix a climate positive company.
January 17, 2022 By Canadian Manufacturing
BURLINGTON — EcoSynthetix Inc., a renewable chemicals company that produces a portfolio of bio-based products, announced that it has received a Platinum designation by EcoVadis, a global agency for business sustainability ratings of supply chains.
“Retailers and manufacturers are placing more and more emphasis on who participates in their supply chains and the sustainability profile of their suppliers. We are increasing our disclosure and transparency with established ratings organizations to ensure the broadest possible market awareness of the positive sustainability attributes of our biopolymers and the impact they can have on a manufacturer’s carbon footprint, as well as our overall environmental, social and governance practices. This Platinum recognition from EcoVadis is the first result of that approach,” said Jeff MacDonald, CEO of EcoSynthetix. “As sustainable and healthier alternatives to conventional petroleum-based binders, our biopolymers provide material benefits to a manufacturer’s impact on the environment. Many companies have established and promoted ambitious goals for reducing their carbon footprint significantly by 2030. EcoSynthetix expects to be climate positive in 2022, which demonstrates the impact we can have for our customers’ supply chains.”
The EcoVadis scorecard provides an independent assessment of a company’s sustainability management system performance. It measures 21 corporate social responsibility criteria, grouped into four key areas: Environment, Labour & Human Rights, Ethics and Sustainable Procurement. EcoVadis’ ratings are validated by a global team of experts and are adapted to more than 200 industry categories, 160 countries, and companies of all sizes. Its actionable scorecards provide benchmarks, insights, and a guided improvement journey for environmental, social and ethical practices.
A climate positive company enables carbon footprint reductions by customers through the use of its products or technology that avoid 100% of the carbon emissions associated with the business. EcoSynthetix expects to generate a 1:1 carbon cover in 2022, making EcoSynthetix a climate positive company.
As part of its broader approach to sustainability, the Board of Directors of EcoSynthetix has approved the Company’s Environmental, Social & Governance Policy. EcoSynthetix has established Environmental Stewardship, Social Responsibility and Governance as its key ESG principles together with three core pillars and the metrics that it will use to report progress.
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