Corporate Social Responsibility Vattenfall has achieved a Gold level recognition medal for its sustainability performance by EcoVadis, an independent rating agency.

It is increasingly important to focus on the sustainability aspect all the time and it is really satisfying that we have received such a good rating. This is proof that we are doing the right things and have put the emphasis on sustainability issues,” says Annika Ramsköld, Head of Corporate Sustainability at Vattenfall.

Among investors and business customers it is very important to include the sustainability aspect and many partners request an independent review of a company’s CSR (Corporate Social Responsibility) work, according to Ramsköld.

“Investors and customers require us to be responsible and to be able to show how we work with CSR. The feedback is that they think we have succeeded in integrating sustainability in a good way in our daily operations, but have not been able to reach out sufficiently to the public and media. This is why the external assessment, such as the one conducted by EcoVadis, becomes extra important and drives us to work even harder,” says Ramsköld.

EcoVadis is an independent agency in sustainable development and performance monitoring and uses a methodology based on international CSR standards such as GRI (Global Reporting Initiative), UN Global Compact and ISO 26000.

To achieve the Gold recognition level, a company has to score a rating between 62 and 100. Vattenfall scored 65. The areas that were evaluated are Environment, Labor Practices & Human Rights, Fair Business Practices and Sustainable Procurement. 

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