Formel D receives silver medal from EcoVadis certification
Silver medal for Formel D: For their active commitment to Corporate Social Responsibility, the Group has now received an award from EcoVadis. The award from the independent rating agency underlines both the transparency that Formel D maintains with their international business partners, and their special dedication to more sustainability and social responsibility throughout the entire supply chain.
Since 2007, EcoVadis has been assessing companies using 21 CSR issues which are grouped into four themes: Environment, Social Affairs, Ethics, and Sustainable Procurement. The method of evaluation used by the rating agency is based on international CSR standards such as the Global Reporting Initiative, the United Nations Global Compact, as well as ISO 26000, and it takes into account 198 purchasing categories and 155 countries.
Formel D was convincing in the rating with an overall result above average for the industry, particularly in the Social area which includes labor and human rights. The French Formel D subsidiary made a substantial contribution to the EcoVadis certification as they saw through the process from the beginning. “We are delighted that our commitment to CSR has been recognized,” says Catherine Besson, Key Account Manager at Formel D France and EcoVadis project leader.
Since it was founded, Formel D has focused on a resource-efficient approach throughout the entire work process and has supported social, ecological, and sustainable projects. In cooperation with non-profit organizations such as OroVerde and StarCare e.V. the Group supports, among other things, the installation of stable water supply facilities in Guatemala, as well as medical facilities, institutions for the disabled, and disadvantaged children. Furthermore, Formel D provides safe, healthy working conditions and consistently high quality standards worldwide with its ISO Certifications .
You can find additional information on the subject of sustainability and the projects in Formel D’s Sustainability Report .