Songwon Achieves Platinum Status from EcoVadis for Sustainability Performance
Last update on Jul 23, 2024
Songwon announces that it has been awarded a Platinum medal from EcoVadis for its sustainability performance. Songwon is a manufacturer of polymer stabilizers. The rating places SONGWON in the top 1% of the 73,000 companies assessed by EcoVadis across the globe.Unwavering Commitment to Sustainability Objectives
After earning Gold 5 times, achieving platinum level for the first time is a significant sustainability milestone for SONGWON. This underscores the organization's unwavering commitment to sustainability objectives and transparency. For example, SONGWON recently developed a comprehensive carbon reduction roadmap in alignment with the Korean government's Nationally Determined Contribution. It targets a 11.4% reduction in emissions within the chemical industry by 2030.
Thomas Schmutz, leader of Global Technology, Regulatory Affairs & Sustainability, said, 'At SONGWON, we are very proud to be awarded the Platinum medal which is a testament to the dedicated efforts and great progress made by our global sustainability team who continually strive for improvement in all of our sustainability efforts."
"Achieving a place among the top 1% of all companies evaluated highlights our deep commitment to meeting the highest CSR standards and to SONGWON's ability to drive change as well as build a more sustainable future for future generations.'
EcoVadis evaluates how an organization integrates the principles of sustainability into its business and management system. EcoVadis applies a comprehensive assessment framework that covers four key areas - environmental protection, labor and human rights, business ethics, and sustainable procurement. EcoVadis' sustainability ratings offer businesses valuable, evidence-based performance analysis and a valuable actionable roadmap for continuous improvement.
Source: Songwon
Source
Songwon