EcoVadis, the leading provider of globally trusted business sustainability ratings, recently announced the acquisition of ecotrek, a sustainability data mining company. The company’s automated sustainability data collection, exploration and analysis capabilities will complement EcoVadis’ solutions portfolio by increasing technical capabilities, enhancing the customer experience and expanding visibility with robust trading partner insights, thus accelerating the pace on its global scale.
With over 5 million company profiles already in its database, EcoVadis’ sustainability data mining (SDM) capabilities allow you to automate the collection and integration of sustainability data into business processes. This provides EcoVadis with unmatched access to company specific information to understand environmental, social and ethical risks and opportunities, providing even faster and more robust risk visibility for organizations across the supply chain.
“The acquisition of ecotrek reinforces our position as the optimal choice for companies to drive sustainability impact at scale in their value chains. We welcome ecotrek’s entrepreneurial team, technology and expertise to our purpose and culture” ,comments Pierre-François Thaler, co-CEO of EcoVadis.“This is an important step as we increase our investment in sustainability intelligence technology and capabilities that we are excited to bring to our global customer base,” he adds.
The ecotrek SDM extends the technical capabilities of EcoVadis with automated data collection, scanning, analysis and classification of a company’s sustainability information. In this way EcoVadis can provide even smarter and faster predictive intelligence to optimize sustainability risk management strategies. It also enables EcoVadis to improve the quality and experience of its classifications, while driving process efficiencies to improve the engagement journey with value chain partners. The combined suite of products will provide a comprehensive offering, from risk classification and tracking to improving supplier sustainability performance.
“We have shaped and validated our technology around a deep and growing market need to facilitate and accelerate sustainability insights. EcoVadis is the ideal partner to advance our mission to help companies deploy sustainable purchasing on a global scale. “,says Rena Kleine, coCEO of ecotrek.”By joining forces with EcoVadis, our customers will reap tremendous benefits in product growth, the ability to scale, and enable them to integrate sustainability into their purchasing processes quickly for maximum impact,” she continues.
In light of the proliferation of new regulations, such as the German Supply Chain Act and the upcoming European Directive on Supply Chain Due Diligence, bundled end to end offerings give customers a huge advantage over their peers. in controlling and improving its supply chain to not only comply with this law, but to thrive in the new responsible business environment.
The four co founders of ecotrek brought together their software, engineering and applied science knowledge to create the company in 2020. They and their entire team will join the EcoVadis company and merge with the EcoVadis team in Germany.