LONDON, UK, 15 April 2021 – Electrocomponents plc (LSE: ECM), a global omni-channel solutions partner for industrial customers and suppliers, has been awarded a gold medal by EcoVadis, the independent provider of global sustainability ratings used by many large organisations to help support sustainable purchasing decisions.
The gold medal ranks Electrocomponents in the top 5% of the 75,000 companies assessed by EcoVadis with each company rated on the material sustainability risks and issues for their size, locations and industry. The evidence-based assessment covers policies, actions and results across the key sustainability and ESG dimensions of environment, labour and human rights, business ethics and sustainable procurement.
“This is a brilliant result and we are proud to have been awarded an EcoVadis gold medal. Their rating is extremely important to us as it shows the strength of our ESG approach. We know our customers and suppliers monitor our sustainability rating on the EcoVadis platform and this result demonstrates that we are a trusted partner, helping to increase the sustainability of our business and the global value chain” said Andrea Barrett, VP Social Responsibility and Sustainability at Electrocomponents.
Electrocomponents remains focused and committed to its ESG approach that accelerates the positive impact it has in society and on the environment. ESG is aligned to its Destination 2025 strategy and the Company has implemented multiple initiatives across the business to ensure best practice. Electrocomponents focuses on four ESG pillars - Environment, Customers and suppliers, People and health & safety and Community - with targets in place and under development in each area.
Electrocomponents has also recently been upgraded to an A rating by MSCI, which measures a company’s resilience to long-term, industry material ESG risks.
Electrocomponents plc is global omni-channel solutions partner for industrial customers and suppliers who are involved in designing, building or maintaining industrial equipment and facilities. We aim to offer our customers unrivalled choice of product technologies, solve problems with innovative solutions and deliver a world-class customer experience, making it easy to do business with us.
We stock more than 500,000 industrial and electronic products, sourced from over 2,500 leading suppliers. We solve problems and provide a wide range of value-added solutions to over one million customers. With operations in 32 countries, we trade through multiple channels and ship over 50,000 parcels a day.
Electrocomponents plc is listed on the London Stock Exchange and in the last financial year ended 31 March 2020 reported revenue of £1.95 billion. Electrocomponents plc has eight operating brands: RS Components, Allied Electronics & Automation, RS PRO, OKdo, DesignSpark, IESA, Synovos, Needlers and Liscombe.