Environmental, Social and Governance Risks
18 August 2024
TEX Plastics has partnered with EcoVadis to help track and report on our progress in sustainability, ethics and corporate social responsibility.
Managing ESG risk and compliance
We're in our first year of working with the framework to track our progress, which is all about policies, plans and setting targets. It ensures our procurement policy aligns with our overall sustainability goals. It also means we’re applying the same standard everywhere across TEX Plastics. The aim is to embed sustainability into everything we do, in a meaningful way.
"EcoVadis provides a clear roadmap and a practical guide, pinpointing areas where we can swiftly achieve significant improvements. It highlights the actions we can implement right away. This will have a transformative impact on our entire business, creating real, measurable change.
Steven Tomlin TEX Plastics Quality Manager
The EcoVadis platform enables companies to assess, monitor and benchmark the sustainability performance of large parts of our supply chain via a digital platform. Having a similar platform such as EcoVadis allows us to have the same insights as our suppliers. Suppliers can use the EcoVadis platform by submitting their requirements and choosing their desired subscription. The EcoVadis experts then analyse and rate the suppliers, layer the information with A.I.-powered information from more than 100,000 international news sources and issue a scorecard structured around four themes: Environment, Labour and Human Rights, Ethics, and Sustainable Procurement.
In short, the EcoVadis platform provides:
Practicality: offers a roadmap for action.
Focus: It highlights areas for quick and impactful improvements.
Implementation: The focus is on actionable steps.
Impact: It emphasises the transformative power of these actions.
Meaningful Change: It prioritises creating tangible results.
The EcoVadis platform helps TEX Plastics by managing our ESG risk and compliance. It helps us meet our corporate sustainability goals, and drive impact at scale by guiding the sustainability performance improvement of our company and value chain.