We are thrilled to announce that Cyclect has achieved a gold rating with EcoVadis, one of the leading sustainability rating platforms. This rating is the highest level of recognition given by EcoVadis and is only achieved by the top 5% of companies that are rated.
At Cyclect, we are committed to sustainability and implementing best practices in environmental, social, and governance (ESG) performance. We understand that these practices are not only good for the planet, but they also create long-term value for our stakeholders and contribute to our overall success as a company.
To earn a gold rating with EcoVadis, a company must demonstrate a strong commitment to sustainability in all three areas. We are proud to have achieved this recognition, which is a testament to our dedication to sustainability and ESG practices.
EcoVadis uses a standardized methodology to evaluate companies across a range of categories, including labor practices, human rights, business ethics, and environmental impact. By participating in the assessment process, we were able to receive a score ranging from zero to 100, with a higher score indicating a higher level of sustainability. We are pleased to report that we received a high score, indicating that we meet or exceed industry standards in these areas.
We are grateful for the recognition and are committed to continuing to prioritize sustainability in all of our operations. We believe that this commitment not only benefits the planet, but it also creates long-term value for our stakeholders and contributes to our overall success as a company.
EcoVadis is a company that specializes in sustainability assessments. It evaluates and scores businesses based on their environmental, social, and ethical performance. The platform employs a standardized methodology to assess companies across various categories, including labor practices, human rights, and business ethics. By participating in EcoVadis’ assessment process, businesses can receive a score from zero to 100, with higher scores indicating a higher level of sustainability. In addition to providing scores, EcoVadis also offers actionable insights and recommendations to help businesses improve their sustainability performance. The company has a network of over 65,000 businesses and partnerships with major global organizations such as Microsoft, Johnson & Johnson, and Nestle.