Environmental, social, and ethical performance—otherwise known as sustainability—is a crucial factor for success in today’s business landscape. As consumers and investors grow increasingly environmentally conscious, companies are under pressure to demonstrate their commitment to sustainability every step of the way—from labor and raw materials sourcing through manufacturing and packaging.
One way to showcase environmental dedication is through participation in EcoVadis Rankings for Sustainable Packaging. According to EcoVadis, sustainability is not only good for attracting consumers—but good for business, too: improving performance by 15-30%, lowering the cost of capital by 90%, and reducing supply chain costs by 9-16%.
Impak Retail, a renowned player in the custom packaging industry, is happy to share we have achieved the coveted EcoVadis Silver Ranking, signifying our commitment to a continued focus on leading sustainability practices.
Since its founding in 2007, EcoVadis has evolved into the world’s largest and most trusted provider of business sustainability ratings, boasting a global network of over 90,000 rated companies.
Their methodology relies on international Corporate Social Responsibility standards like the Global Reporting Initiative, the United Nations Global Compact and ISO 26000.
EcoVadis assesses companies across four core areas:
Tens of thousands of companies in the global marketplace engage with EcoVadis, fostering sustainability collaboration through a universal scorecard, benchmarks, and performance improvement tools—thereby “improving economies, people’s lives, and the planet we all depend on.”
EcoVadis evaluates companies based on 21 criteria encompassing environmental protection, working conditions, human rights, ethics, and sustainable development. The rigorous methodology utilizes international sustainability standards and covers more than 200 spending categories and 160+ countries.
Brands working with EcoVadis-certified suppliers gain assurance that their manufacturing processes adhere to the highest sustainability standards. Companies must undergo this thorough evaluation annually to maintain or enhance their rankings.
Impak Retail’s dedication to sustainability shines through its achievement of the EcoVadis Silver Ranking, which places the company among the top 25% of organizations reviewed worldwide.
EcoVadis’ rating structure comprises four levels:
Impak Retail’s continuous improvement efforts are fueled by the valuable feedback from EcoVadis, which helps us assess strengths, weaknesses, and opportunities for enhancing corporate social responsibility.
In addition to the EcoVadis silver rating, we are also:
By adhering to rigorous EcoVadis sustainability standards, Impak Retail offers sustainable packaging materials that are high-quality and environmentally friendly.