Latest news with #EcoVadisSilverMedal
Mid East Info
09-05-2025
- Business
- Mid East Info
Farnek recognises its most sustainable supplier - Middle East Business News and Information
UAE-based smart and green total FM company awards Fine Hygienic Holding for its commitment to sustainability during Farnek's annual green supplier awards Dubai, United Arab Emirates, May 2025: Leading UAE-based smart and green facilities management (FM) company Farnek , has acknowledged Fine Hygienic Holding as its top supplier in 2024, for its commitment to sustainability, social responsibility and ethical governance. Fine which supplies hygiene solutions to Farnek, was recognised by Farnek management for its net-zero strategy, ISO Certifications for Quality, Environment & Safety, good sustainability governance, annual carbon footprint and sustainability reporting, CSR policy and initiatives, strong worker welfare policy and for achieving the EcoVadis Silver Medal. Farnek had made the EcoVadis rating system a mandatory criterion, integrating it into the overall supplier evaluation score. EcoVadis, the global standard for resilient, sustainable supply chains, helps organisations manage ESG risk and compliance and improve the sustainability performance of their value chains. Their scorecards, benchmarks, tools and insights guide an improvement journey for environmental, social and ethical practices for over 150,000 businesses across 220 industries and 180 countries. 'If Farnek is going to achieve its own net zero ambitions, then it is critical that we reduce our Scope 3 emissions, those generated through our procurement process. It is estimated that suppliers can contribute up to 65% of any organisation's carbon footprint, so we must encourage, recognise and reward our suppliers through programmes such as our green awards, which is now in its fourth year,' said Muna Al Nahdi, Director of Sustainability & Consultancy at Farnek. Launched in 2022, Farnek's initiative integrates environmental and social considerations into its procurement process, to bring about a more positive environmental impact, by appreciating and prioritising its suppliers demonstrating a similar commitment and ESG values. To achieve this, Farnek began by introducing green principles within its supply chain process, supporting its customers' eco-consciousness, to create long term valued partnerships, which drive supply chain sustainability. Initially, Farnek provided training so that suppliers could understand the award criteria which also helped to increase participation by 20% this year. Suppliers were then evaluated throughout a eight-stage process, which started with questionnaires being sent to key partners. Once these were completed and returned with supporting documentation, companies were scored, weighting their responses for each standard. By adopting a progressive rating system, Fine was the clear winner, scoring 95 out of a possible 100. 'All of the suppliers that submitted entries for the awards will receive feedback to help them improve their sustainability efforts. This is an integral part of our ongoing supplier engagement and supports our strategy to enhance our sustainable supply chain,' added Al Nahdi. Photo caption: (L-R) Markus Oberlin, Group CEO, Farnek, Seifeddine Beldi, Country Manager & Head of Key Accounts, Fine Hygienic Holding, Muna Al Nahdi, Director of Sustainability & Consultancy, Farnek, Mira Hachem, Director of Procurement, Farnek & Zaid Zeitoun, Business Development Manager, EcoVadis. About Farnek: Farnek is the leading provider of sustainable and technology-driven Facilities Management in the United Arab Emirates. Established in the UAE since 1980, Farnek Services LLC is a Swiss-owned independent total facilities management company. With a skilled workforce of more than 10,000 employees, Farnek delivers professional Facilities Management and security services across several sectors; Aviation, Hospitality, Banking, Retail, Shopping Malls, Telecom, Residential, Commercial, Infrastructure, Government, Education, Leisure and Entertainment.
Yahoo
24-02-2025
- Business
- Yahoo
Hikvision awarded EcoVadis Silver Medal for ongoing sustainability efforts
HANGZHOU, China, Feb. 24, 2025 /PRNewswire/ -- Hikvision has been awarded EcoVadis Silver Medal, a prestigious recognition from the world-renowned sustainability rating platform. This award highlights the company's ongoing commitment to responsible business practices and its significant contributions toward advancing a more sustainable future, guided by its philosophy of "Tech for A Better World." Receiving the EcoVadis Silver Medal marks a key milestone in Hikvision's sustainability journey globally. EcoVadis, the world's largest and most trusted provider of corporate sustainability ratings, assesses companies across four critical areas: Environment, Labor and Human Rights, Ethics, and Sustainable Procurement. This comprehensive evaluation measures the sustainability practices of over 150,000 companies in more than 185 countries, taking into account their policies, actions, and results. "We are extremely proud that, after more than 20 years of dedication, we have not only achieved sustainable growth for our company but also made a meaningful contribution to advancing global sustainable development," said Huang Fanghong, Senior Vice-President and Chief Compliance Officer of Hikvision, "The recognition from EcoVadis is a testament to the progress we have made through ongoing efforts and strong partnerships across the value chain and industry. It highlights our progress toward stronger governance, more effective practices, and impactful sustainability performance worldwide. We are committed to consistently continuing this journey, striving to achieve our mission of becoming a responsible corporate citizen." Innovating for a Greener Future As an industry leader, Hikvision harnesses innovation to drive the transition toward a greener future, contributing to the effort to combat climate change while addressing the growing demand for environmentally responsible development. In October 2024, Hikvision became the first in the LED display industry to receive the Green Product Mark certification from TÜV Rheinland. This certification underscores the company's adherence to the highest environmental standards, covering areas such as technical compliance, restricted substances control, carbon footprint reduction, and recyclability. Advancing Social Responsibility in Business In the areas of human rights and business ethics, Hikvision and all its employees strictly follow the company's Code of Ethics and Business Conduct and Global Human Rights Policy. These policies ensure that every individual is treated with dignity and respect, while also fostering an ethical business environment that promotes integrity, accountability, and transparency. In addition, Hikvision extends its commitment beyond the company by actively engaging in social initiatives. Since 2020, Hikvision has implemented the STAR Program for Social Good globally by collaborating with more than 30 NGOs worldwide, leveraging its technology to drive positive changes for the local environment, wildlife and community. Collaborating with Partners for a Resilient Value Chain Hikvision strongly values collective efforts in advancing sustainability, as reflected in its comprehensive requirements and evaluations of suppliers' sustainability performance to meet high environmental and ethical standards. Hikvision also utilizes its innovative technologies to foster a more resilient value chain by supporting the sustainable growth of both upstream and downstream partners, creating long-term value across various industries. This latest achievement reinforces Hikvision's continued commitment to advancing sustainability and further underscores the company's dedication to the Ten Principles of the United Nations Global Compact (UNGC), following its participation in 2024. Moving forward, Hikvision will remain focused on creating a lasting positive impact while driving a more innovative and sustainable future. About Hikvision Founded in 2001, Hikvision focuses on integrated security and scenario-based digitalization, and is committed to serving various industries with AIoT technologies. We are committed to integrating corporate social responsibility and sustainability development philosophy into our business, while also being driven by technological innovation. For more information about our sustainability efforts, please visit here. View original content to download multimedia: SOURCE Hikvision Digital Technology Sign in to access your portfolio
Associated Press
24-02-2025
- Business
- Associated Press
Hikvision awarded EcoVadis Silver Medal for ongoing sustainability efforts
HANGZHOU, China, Feb. 24, 2025 /PRNewswire/ -- Hikvision has been awarded EcoVadis Silver Medal, a prestigious recognition from the world-renowned sustainability rating platform. This award highlights the company's ongoing commitment to responsible business practices and its significant contributions toward advancing a more sustainable future, guided by its philosophy of 'Tech for A Better World.' Receiving the EcoVadis Silver Medal marks a key milestone in Hikvision's sustainability journey globally. EcoVadis, the world's largest and most trusted provider of corporate sustainability ratings, assesses companies across four critical areas: Environment, Labor and Human Rights, Ethics, and Sustainable Procurement. This comprehensive evaluation measures the sustainability practices of over 150,000 companies in more than 185 countries, taking into account their policies, actions, and results. 'We are extremely proud that, after more than 20 years of dedication, we have not only achieved sustainable growth for our company but also made a meaningful contribution to advancing global sustainable development,' said Huang Fanghong, Senior Vice-President and Chief Compliance Officer of Hikvision, 'The recognition from EcoVadis is a testament to the progress we have made through ongoing efforts and strong partnerships across the value chain and industry. It highlights our progress toward stronger governance, more effective practices, and impactful sustainability performance worldwide. We are committed to consistently continuing this journey, striving to achieve our mission of becoming a responsible corporate citizen.' Innovating for a Greener Future As an industry leader, Hikvision harnesses innovation to drive the transition toward a greener future, contributing to the effort to combat climate change while addressing the growing demand for environmentally responsible development. In October 2024, Hikvision became the first in the LED display industry to receive the Green Product Mark certification from TÜV Rheinland. This certification underscores the company's adherence to the highest environmental standards, covering areas such as technical compliance, restricted substances control, carbon footprint reduction, and recyclability. Advancing Social Responsibility in Business In the areas of human rights and business ethics, Hikvision and all its employees strictly follow the company's Code of Ethics and Business Conduct and Global Human Rights Policy. These policies ensure that every individual is treated with dignity and respect, while also fostering an ethical business environment that promotes integrity, accountability, and transparency. In addition, Hikvision extends its commitment beyond the company by actively engaging in social initiatives. Since 2020, Hikvision has implemented the STAR Program for Social Good globally by collaborating with more than 30 NGOs worldwide, leveraging its technology to drive positive changes for the local environment, wildlife and community. Collaborating with Partners for a Resilient Value Chain Hikvision strongly values collective efforts in advancing sustainability, as reflected in its comprehensive requirements and evaluations of suppliers' sustainability performance to meet high environmental and ethical standards. Hikvision also utilizes its innovative technologies to foster a more resilient value chain by supporting the sustainable growth of both upstream and downstream partners, creating long-term value across various industries. This latest achievement reinforces Hikvision's continued commitment to advancing sustainability and further underscores the company's dedication to the Ten Principles of the United Nations Global Compact (UNGC), following its participation in 2024. Moving forward, Hikvision will remain focused on creating a lasting positive impact while driving a more innovative and sustainable future. About Hikvision Founded in 2001, Hikvision focuses on integrated security and scenario-based digitalization, and is committed to serving various industries with AIoT technologies. We are committed to integrating corporate social responsibility and sustainability development philosophy into our business, while also being driven by technological innovation.
Yahoo
31-01-2025
- Business
- Yahoo
EcoPlum Sustainable Swag® Scores First Recertification as a B Corporation
NEW YORK, Jan. 31, 2025 /PRNewswire/ -- EcoPlum, a sustainable promotional products company, is proud to announce its recertification as a B Corporation (B Corp) by nonprofit B Lab for its second three-year period. First certified in 2022, the newly recertified B Corp improved its B Impact Assessment (BIA) score. As a B Corp, EcoPlum is part of a global community of businesses that meet high standards of social and environmental responsibility, make a legal commitment to stakeholder governance, and demonstrate accountability and transparency by disclosing their record of performance in a public B Corp profile. There are currently 9,500 Certified B Corporations in more than 105 countries and over 160 industries. EcoPlum and other B Corporations are leading a global movement for an inclusive, equitable, and regenerative economy. Within the $26 billion promotional products industry, EcoPlum represents a small, but growing segment of sustainable distributors making up about $3 billion (12%) in revenue, according to PPAI (Promotional Products Association International). The majority of B Corps are small to medium-sized businesses. But there are many well-known global brands in the B Corp community including Danone, Patagonia, Athleta, Eileen Fisher, Ben & Jerry's, Warby Parker, and AllBirds. B Corporations are required to recertify every three years by updating their B Impact Assessment (BIA) and verifying their new BIA score. EcoPlum attained a score of 86.4, an increase of 3.8 points over its prior certification score. The principle of continuous improvement is integrated into the process and companies are encouraged to set goals and continue implementing improvements to their social and environmental practices. Companies must receive a minimum verified score of 80 or above to be certified. While more than 200,000 businesses have used the B Impact Assessment, only about 5% have been certified, including EcoPlum. The median score for ordinary businesses that complete the assessment is 50.9. B Lab began certifying companies in 2007. "Recertifying EcoPlum as a B Corp is another major milestone that reinforces our commitment to using business as a force for good to create a more sustainable planet! " says Gia Machlin, EcoPlum President and CEO. All Certified B Corporations balance profit with purpose and work towards a collective vision of Business as a Force for Good. They consider their impact on all stakeholders, not just shareholders. A B Corp is legally accountable, in its corporate governance structure, to consider employees, customers, suppliers, community, the environment, and shareholders in its decision making. B Lab's recertification of EcoPlum as a B Corp is the latest certification milestone held by the company. EcoPlum also holds an EcoVadis Silver Medal environmental certification and is a Green America Gold Business. Plus, the company is triple-certified as a women-owned enterprise by the Women's Business Enterprise National Council (WBENC), New York State (NYS MWBE) and New York City (M/WBE). The company is also a member of ASBN (American Sustainable Business Network), AASHE (Association for the Advancement of Sustainability in Higher Education), FLA (Fair Labor Association), PPC (Plastic Pollution Coalition), and ASI (Advertising Specialty Institute). About EcoPlum EcoPlum is a nationally certified B Corporation that provides branded marketing solutions with its Sustainable Swag® line of promotional products. We curate best-in-class, eco-friendly gift items and customize them for clients with their logos, taglines, or messages. EcoPlum empowers companies to make responsible choices on their branded gifts – a visible symbol of their values – with a goal of reducing plastic and harmful waste in our landfills and oceans. The company upholds rigorous and transparent standards for ecological and social sustainability. Our product sourcing criteria include USDA organic, fair trade, biodegradable, renewable, recycled, reusable, Made-in-the-USA, handcrafted or artisan, and third-party eco-labels. We also seek out suppliers that are certified B Corporations (B Corps), women/minority-owned, socially conscious, and Fair Labor Association (FLA) members. Sustainable Swag® solutions at For more information: info(at)ecoplum(dot)com, Facebook at LinkedIn at EcoPlum Biz Blog, Twitter via @ecoplum, and Instagram via @ecoplum. About B LabB Lab is transforming the global economy to benefit all people, communities, and the planet. A leader in economic systems change, our global network creates standards, policies, tools, and programs for business, and we certify companies—known as B Corps—who are leading the way. To date, our community includes more than 900,000 workers in over 9,500 B Corps across 105 countries and 160 industries, and more than 200,000 companies manage their impact with the B Impact Assessment and the SDG Action Manager. About B Lab U.S. & Canada B Lab U.S. & Canada is a partner in the B Global Network, a unified group of global, regional, and national organizations that power a business movement as a force for good. A historic global culture shift is underway to harness the power of business to help address society's greatest challenges. Our global network creates standards, policies, tools, and programs that shift the behavior, culture, and structure of capitalism. B Lab certifies companies — known as B Corps — who are leading the way. Our vision is an inclusive, equitable, and regenerative economic system for all people and the planet. For more information, visit About B Corp CertificationB Corp Certification assesses the overall social and environmental impact of a company. To achieve B Corp Certification, a company must meet a score of at least 80 points in the B Impact Assessment, an evaluation of a company's positive impact, and pass a risk review, an evaluation of a company's negative impact. It must change its corporate governance structure to be accountable to all stakeholders, not just shareholders, and exhibit transparency by allowing information about their B Corp Certification performance to be publicly available on their B Corp profile on B Lab's website. B Corps recertify every three years and, once certified, are expected to increase their score over time as they progress towards becoming more equitable, inclusive, and regenerative businesses. View original content to download multimedia: SOURCE EcoPlum
