EcoVadis in the Press - Articles and bylines

The fashion industry is growing at an impressive clip. By 2030, the sector is expected to be worth $3.3 trillion and will manufacture 102 million tons of clothes and shoes. But this substantial growth hasn’t come without a cost. Six years after the Rana Plaza disaster – the fashion industry’s day of reckoning when a factory for over a dozen major brands collapsed and killed 1,000 people – observers and analysts are left wondering whether the industry has made any progress on sustainable sourcing in fashion. 

According to an EcoVadis procurement expert, investors, consumers, corporate executives and other organizational stakeholders all realize that corporate responsibility doesn’t just build a better world; it also drives financial value. Global businesses are committing to key sustainability objectives such as reducing greenhouse gas emissions, eliminating slave labor, avoiding plastics, conserving water used in production, tapping into renewable energy sources and more.

EcoVadis has unveiled its 2019 Sustainable Procurement Barometer: From Compliance to Performance report, which reveals how sustainability is evolving in procurement priorities. Compiled together with NYU Stern Center for Sustainable Business, the analysis suggests that organizations are attaching greater importance on business ethics and labor and human rights practices than they did three years ago.