ECOVADIS SILVER RATING 2019
CORPORATE SOCIAL RESPONSIBILITY
Wrapology is committed to making improvements throughout its supply chain by focusing on key areas including;
• LABOUR & HUMAN RIGHTS
• SUSTAINABLE PROCUREMENT
As part of this commitment, Wrapology is audited on a yearly basis by EcoVadis.
The EcoVadis Corporate Social Responsibility (CSR) rating methodology is to measure the quality of a company’s CSR management system – through its policies, actions, and results. The EcoVadis CSR rating methodology is based upon seven founding principles:
1. Evidence Based
2. Industry Sector, Country and Size Matter
3. Diversification of Sources
5. Assessment by International CSR Experts
6. Traceability & Transparency
7. Excellence through Continuous Improvement
The EcoVadis assessment focuses on 21 issues, which are grouped into 4 themes: Environment (ENV), Labor Practices & Human Rights (LAB), Fair Business Practices (FBP), and Sustainable Procurement (SUP). The issues assessed and their relative weight vary based on the company’s activities, size, and geographic location.
SILVER CSR RATING
In November 2019, Wrapology was awarded a silver rating for overall sustainability placing it amongst the top 30% of all companies evaluated. The 2019 rating reflects the work and diverse initiatives Wrapology has implemented throughout its supply chain. Some of these initiatives include reducing environmental burdens both internally and at factory sites, promoting women's empowerment, conducting social contribution activities and strengthening corporate governance and information disclosure.
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