On May 12, Sinochem International won the silver medal rating in the latest review of EcoVadis, a globally recognized authority of professional CSR performance assessments, by relying on its excellent performance in CSR and sustainable development. It was the third time for Sinochem International to participate in the EcoVadis rating. Its score significantly increased compared with that in its first rating in 2019, ranked among the top 19% in the industry, higher than the previous ranking of top 32%, indicating that its capacity for sustainable development has been on the rise year by year and has reached an industry leading level.

According to the rating report, Sinochem International has significantly enhanced its performance in sustainable development, particularly in the aspects of labor rights and environment, which has a positive impact on its latest rating. Since 2018, Sinochem International has incorporated sustainable development in its corporate strategy for systematic planning and deployment. It has established Sustainable Development Committee under the Board of Directors and the Sustainable Development Executive Committee at the management level, as well as five sub-committees of sustainable governance, health & safety, low-carbon development, labor rights, and sustainable supply chain. It formulates and implements dozens of plans on sustainable development every year to constantly enhance its capacity for creating comprehensive economic, social and environmental value.

As a globally recognized authority that conducts professional CSR performance assessments for companies and organizations around the world, EcoVadis analyzes and evaluates enterprises’ CSR performance in the categories of environment, labor & human rights, business ethics, and sustainable procurement, provides guidance for improvements, assists enterprises in raising their CSR levels, and enhances their public credibility and competitiveness in the international market. The ranking criterion for EcoVadis sustainability ratings includes platinum (top 1%), gold (top 5%), silver (top 25%), and bronze (top 50%). So far, over 70,000 companies in the world have used EcoVadis to assess their CSR performance.

The certification will be recognized by all the member companies of TfS (Together for Sustainability).