Vetter Wins Gold in EcoVadis Ranking
Business Wire — Germany In the respected, independent EcoVadis sustainability ranking, Vetter, a leading contract development and manufacturing organisation (CDMO) globally, received gold certification. With 72 points out of a possible 100, the pharmaceutical service provider greatly improved on its score from the previous assessment and is currently in the top 5% of all competing businesses in the sector.
At Vetter, sustainability is significant and has been ingrained in the company’s corporate strategy for a long time. The favorable outcome highlights how the family-owned business is implementing improvements in the rating criteria of Environment, Labour & Human Rights, Ethics, and Sustainable Procurement. It also reaffirms its ongoing commitment to these areas. The adopted methodology is based on global CSR norms including ISO 26000, the Global Reporting Initiative, and the UN Global Compact. “EcoVadis is used by tens of thousands of businesses, including many of our clients, as a gauge of sustainable business practices. They choose suppliers and business partners based on the independent evaluations as well, says Henryk Badack, senior vice president of technical service and internal project management at Vetter.
Director of Vetter Thomas Otto says, “In our perspective, simply talking about this topic is never enough. “We hope to have a beneficial impact on the regions with our sites by our efforts involving social, economic, and ecological sustainability.”
The globally active CDMO places a high focus on this duty. “We are quite happy of the tremendous influence our extensive initiatives in many facets of sustainable corporate governance have had on the EcoVadis rating and that we were once more able to show advancement over prior years. The good external evaluation is a significant accomplishment and further inspires us to continue this wonderful development openly with our team members, clients, and partners, as well as patients and society “the managing director of Vetter remarked