Nov 3, 2022 | Weingarten
The CHG-MERIDIAN Group has been awarded a silver rating by EcoVadis for the second consecutive year. For this highly respected sustainability rating, companies worldwide are assessed on the basis of globally accepted sustainability standards. The silver rating puts the CHG-MERIDIAN Group in the top 25 percent of all companies assessed by EcoVadis.
The latest rating once again highlights CHG-MERIDIAN’s continuous and reliable sustainability management. Since 2020, the Company has been coordinating its activities in this field with the help of a central Group Sustainability Office function led by a Group Sustainability Officer (GSO). This team oversees the groupwide implementation of the sustainability goals that have been embedded in the corporate strategy.
The following are some of the aspects that EcoVadis took into account in its latest rating of CHG-MERIDIAN:
Ambitious goals: CHG-MERIDIAN plans to reduce its greenhouse gas emissions per employee by 25 percent by 2025.
Transparency: 2021 marked the first reporting year for which CHG-MERIDIAN had its sustainability report audited by an external auditor (‘limited assurance’).
Expanded supplier management: Since the end of 2021, CHG-MERIDIAN has also been using the EcoVadis rating platform to conduct a step-by-step assessment of its suppliers in accordance with ESG standards, with the aim of providing greater transparency along its supply chain.
International standards: All company sites in Germany, Austria, and Switzerland have been certified in accordance with ISO 14001 (environmental management) since 2021.
The EcoVadis silver rating not only helps CHG-MERIDIAN to meet mounting customer requirements in respect of sustainability but also constitutes a key pillar of the Company’s sustainable financing strategy. In 2022, CHG-MERIDIAN successfully placed two ESG-linked financing transactions that are tied to its EcoVadis score. The better the sustainability rating, the lower the interest rate of the loan.
“Sustainability will have a positive impact on the ongoing development of our business model. We have been pioneering the principles of the circular economy in our business model for more than 40 years. They are part of our corporate DNA. At the same time, sustainability is a field that offers us huge opportunities for growth through the development of new products and the ability to appeal to new target groups and target markets,” says Matthias Steybe, Group Sustainability Officer (GSO) at CHG-MERIDIAN.
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