Silab Achieves Higher EcoVadis Rating in Commitment to CSR

Silab further commits to its CSR plan with a higher EcoVadis score, yet, due to an increase in the strict rating system of EvoVadis, Silab will fall one point short of being declared platinum status.
Silab further commits to its CSR plan with a higher EcoVadis score, yet, due to an increase in the strict rating system of EvoVadis, Silab will fall one point short of being declared platinum status.

Silab has achieved a higher EcoVadis rating than previous years. In 2022, SILAB scored 74/100 (compared to 73/100 in 2021 and 2020 and 69/100 in 2019) and achieved advanced performance level in all the areas evaluated (environment, social and human rights, ethics and responsible procurement).

Due to an increase in the strict rating system of EvoVadis, Silab will fall one point short of being declared platinum status.

Related: Silab Announces Biodiversity Project

Xavier Gaillard, Deputy general manager for strategy at Silab, stated: “We are pleased to receive this new rating while remaining aware that there’s still room for improvement. This new score well and truly illustrates the proactive, sustainable CSR strategy implemented by SILAB and is a reflection of a common commitment shared by management and all teams, of which we can be proud. Unfortunately, this improved score does not enable us to maintain the Platinum status obtained the two years before. EcoVadis has since tightened its requirements and the minimum score for this category is now 75/100. The levers for optimization have been clearly identified and we intend to pursue our involvement in a continuous improvement dynamic particularly in the context of our actively caring program, which sets clear and ambitious objectives for sustainable development over the next five years.”

More in Companies