WEKA AG has been awarded the new “Silver” classification by the independent audit company Eco Vadis for its commitment to corporate social responsibility (CSR).
The independent audit company Eco Vadis gave WEGA AG a good report in the first audit and certification: achieving 58 points, WEKA AG received a classification of “Silver” and thus the second-best rating for corporate social responsibility (CSR). CSR is a company’s responsibility for its effect on society and includes social, ecological and economic aspects.
“We see this good result as validation of our sustainability management system – but also as an incentive to continue improving through further measures,” explains Marcel Fürst, Head of Sales & Marketing, “because only an intact environment guarantees a successful future.”
Four examination areas
The analysis system underlying the audit includes 21 criteria in the four topic areas of environment, fair labour practices, ethics and fair business practices, and supply chain.
Sustainability is one of WEKA AG's central values: as a global provider in the field of fill level measurement and valve technology and in the production of cryogenic components, WEKA AG strives to take responsibility when it comes to sustainability: the global challenges include climate change and scarcity of resources, health risks, threats to human rights, or equal opportunities, among other things. WEKA AG’s sustainability strategy is designed for the long term and is geared towards both the environment, and the employees and the relationships with business partners.
Independent audit company for CSR
Eco Vadis is an online platform which allows companies to measure their performance with regard to sustainability. The audit also offers companies starting points for their ongoing optimisation. A CSR rating is provided by means of a sustainability questionnaire and accompanying verifying documentation.
The methodology is based on international sustainability standards such as the Global Reporting Initiative, the United Nations Global Compact and the ISO 26000 Guidance on Social Responsibility.
The company being assessed receives a rating for each of the four topic areas of environment, fair labour practices, ethics and fair business practices, and supply chain, as well as an overall rating of between 0 and 100 which measures the company-specific importance of the individual areas. The bronze label is given from 37 point, the silver label from 46 points, and the gold label from 62 points.