Vinnolit Awarded Gold for Practiced Corporate Social Responsibility

Vinnolit, a Westlake company, engaged the independent, global assessment platform EcoVadis for the third time to review its CSR performance and once again achieved an excellent rating (“Gold Recognition Level”).

Responsibility for people and environment is a key element of Vinnolit’s corporate strategy, and Corporate Social Responsibility (CSR) is increasingly demanded in the worldwide supply chain. As evidence of its commitment, the company has been regularly reviewed by the globally active assessment platform EcoVadis (www.ecovadis.com) for a number of years. EcoVadis subsequently issues an independent CSR rating on the basis of its findings. As in the past, Vinnolit again received an excellent rating (“Gold Recognition Level”) in 2018 for its CSR performance.

During the assessment, the company’s activities in the areas of environmental protection, labor practices & human rights, fair business practices, and sustainable procurement are examined. The rating, encompassing 21 criteria, is based on international CSR standards such as the United Nations Global Compact, the Global Reporting Initiative, and ISO 26000. Scoring 64 out of 100 possible points in the assessment, Vinnolit ranks significantly above the industrial average of 42.5 points and is one of the best 4 percent of the companies worldwide (over 40,000) that have been reviewed by EcoVadis so far.

“Sustainability and Corporate Social Responsibility are important criteria during the selection of their suppliers for many of our customers,” said Dr. Karl-Martin Schellerer, Managing Director of Vinnolit. “The assessment by EcoVadis is an important building block in our CSR strategy and helps us to determine where we stand and what we can do to improve even further. As it includes additional aspects of social relevance, business ethics, and supply chain, it is an ideal complement to our certification in accordance with the criteria of the international environmental management standard ISO 14001.”