Business sustainability rating provider EcoVadis has announced its Carbon Action Module (CAM) has been named the Top Product of the Year Award by Environment + Energy Leader. The 2023 E+E Leader Awards program recognises products and initiatives that bring substantial energy and environmental benefits.
For many companies, achieving emission-reductions targets becomes challenging due to a lack of visibility within their supply chain. The Carbon Action Module (CAM) offers a view of each supplier’s greenhouse gas (GHG) management efforts, backed by primary qualitative and quantitative data and supporting evidence directly from the suppliers.
The tool helps organisations drive large-scale climate action by engaging their value chain trading partners at various maturity levels in the journey towards decarbonisation.
“To prevent the most devastating impacts of climate change, we must shift to a low carbon economy, and supplier engagement presents a great opportunity to drive decarbonisation that transcends national borders,” said Julia Salant, carbon general solution manager at EcoVadis. “This award is a great validation of how the Carbon Action Module empowers companies to drive GHG reduction strategies, build resilience and foster sustainable innovation throughout the supply chain.”
The Carbon Action Module comes equipped with a range of management indicators, tools, and an engagement platform that enables suppliers to establish emission baselines, report and calculate emissions, set targets, and improve carbon management practices. With features like the carbon heatmap, carbon calculator, sustainability metrics, and the EcoVadis Academy, CAM quantifies and structures the decarbonisation journey, helping procurement organisations integrate climate action into their purchasing strategies and processes.
“This year’s entrants had to surpass an exceptionally high bar to qualify for an award, thanks to a seasoned and discerning judging panel as well as stringent judging criteria,” said Sarah Roberts, co-president of E+E Leader.
Upon their review of the EcoVadis Carbon Action Module, the program’s judges remarked:
“This product solves a number of prominent issues for companies; Scope 3 capabilities and engaging value chain in decarbonisation and climate action. Abundant tools and resources to help and empower SMEs to collect emissions data throughout their supply chain and respond to reporting platforms. I think this is a solid tool. I do like the differentiator in this tool as it discusses risk and carbon hotspots.”
More information about EcoVadis’s Carbon Action Module can be found here.
EcoVadis provides one of the most trusted business sustainability ratings globally. Companies such as Epson, Ring Container Technologies and SKF have previously been rated on key metrics quantifying the positive social and environmental outcomes of their efforts on sustainability.
About the Environment + Energy Leader Awards:
For over a decade, the Environment + Energy Leader Awards have celebrated excellence in environmental, sustainability, and energy management. Award recipients are recognised as industry leaders, and receiving the Top Project or Top Product of the Year Award badge signifies their exceptional contributions.
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