Grundfos, a global leader in advanced pump solutions and water technology, has announced that it has achieved a Platinum medal rating from EcoVadis. This recognition places the company among the top-rated companies worldwide, showcasing its unwavering commitment to sustainable business practices.
EcoVadis is a prominent provider of business sustainability ratings, assessing more than 130,000 companies’ actions and practices on their corporate and social responsibility.
Using its international standards, EcoVadis has evaluated Grundfos across four key areas: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement, awarding the business a Platinum medal rating.
Since the last assessment (Gold medal rating), Grundfos has implemented additional measures and policies to strengthen social and environmental responsibility across the value chain. The company has also made significant progress towards its water and climate ambitions, reflecting its ongoing commitment to sustainability and continuous improvement.
“We are very proud of the Platinum rating, which I would like to dedicate to our hard working and dedicated colleagues worldwide. It encourages us to keep pushing ourselves to enhance our ESG (Environmental, Social, and Governance) practices that include progressing towards net zero by 2050, fostering a fair, inclusive, and safe working environment, enforcing strong ethical business standards, and ensuring sustainable procurement across our entire value chain,” said Louise Koch, Senior Director, Group Head of Sustainability, Grundfos.
Silvio Vanzo, Group Senior Vice President, Purchasing, Grundfos also commented:
“Achieving Platinum certification highlights Grundfos’ commitment to conduct business in a responsible way, but it also highlights the close collaboration and trust between us and our loyal suppliers and customers. Their cooperation and input have been instrumental in strengthening and enhancing our ESG practices throughout the entire value chain.”
Grundfos’ sustainability highlights include enabling customers and end users to save an estimated 1.6 billion m³ of water and reducing water withdrawal in its own operations by 48% since 2020.
Grundfos has also implemented rigorous anti-corruption measures, conducts regular audits, and provides training to ensure ethical practices are maintained across its operations.
Since 2020, the company has reduced its CO2 emissions by 11.7%. Through a new Power Purchase Agreement, Grundfos is set to meet its target of a 50% reduction on operational carbon emissions in 2025, five years ahead of its original 2030 goal.
Source :Grundfos
