Matrix Fine Chemicals Receives Bronze Medal at EcoVadis Despite Challenging Requirements

Matrix Fine Chemicals, a leading provider of fine and specialty chemicals, recently achieved a significant milestone by receiving the bronze medal from EcoVadis. This recognition underscores their commitment to sustainability and excellence in the chemical industry. Navigating the rigorous evaluation process at EcoVadis was no small feat. Matrix Fine Chemicals demonstrated exceptional performance across various criteria, including environmental impact, social responsibility, ethics and supply chain practices (sustainable procurement). Their dedication to meeting high standards paid off, positioning them among the top performers in their field.

As they continue to innovate and prioritize sustainability, Matrix Fine Chemicals serves as an inspiring example for other companies striving to make a positive impact.

EcoVadis and the New Assessment Criteria in 2024

EcoVadis is a platform that conducts sustainability assessments for companies. In the first quarter of 2024, several updates were made to the assessment methodology. Here are the key changes:

Definitions for Categories of Workers:

Clear definitions were introduced for various types of workers, including permanent employees, contract workers, temporary agency workers, and supply chain labor.

Revised Medal Allocation:

Starting in 2024, bronze medals will only be awarded to the top 35% of assessed companies. Silver medals will go to the top 15%, while gold and platinum remain unchanged.

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