KHS has earned the gold status for the first time based on the EcoVadis rating system. Compared to the last audit from 2022, KHS has improved by 12 points to 71 out of a possible total of 100. According to EcoVadis, the company has made progress in all assessed categories.
EcoVadis is one of the world’s key platforms for the assessment of corporate sustainability achievements. The company aims to provide interested parties from various sectors and markets with a reliable summary of the quality of management systems and the associated risk management setup of companies in the supply chain.
Since 2012, KHS has taken part in the annual audit run by EcoVadis. To date, EcoVadis has awarded the Dortmund systems provider with seven silver and two bronze accolades.
“With our first gold medal EcoVadis has honored the KHS Group’s ever-growing commitment and certified our well-functioning system of sustainability management,” said Kai Acker, CEO of KHS. “The much-improved rating result is a clear manifestation of the continuous steps we’ve been taking in this field for many years now. We’ll be continuing to consistently pursue this policy with the aim of reaching net zero by 2045.”
Since the signing of the European Green Deal in December 2019 and thus the growing significance of the rating in the context of ESGs, EcoVadis has considerably broadened its assessment criteria. Furthermore, the French company also toughened up its scoring system as of 1 Jan 2023.
KHS convincing in sector comparison
EcoVadis assesses the sustainability achievements of companies based on the four central criteria of environment, ethics, sustainable procurement, and labour law and human rights. In all areas KHS has made considerable improvements over the previous year. The manufacturer’s largest gain was in the sustainable procurement category, where it went up 20 points on the scoring system. KHS also improved on last year’s results by ten respective points in the environment, labour law and human rights and ethics sections.
“Through various targeted measures we’ve been able to prove that we turn important requirements into processes, thus making these fixed parameters in a system of practiced sustainability,” added Acker.
According to the EcoVadis rating, KHS is among the top 2% of manufacturers of general machinery. In the environment and sustainable procurement categories in particular, KHS is above average for the industry.
“Our positive rating sends an important signal to our customers and helps us to provide a credible response to the growing interest in sustainability assessments from the financial market. Our sustainability achievements demonstrate that we’re a reliable, future-proof partner,” Acker concluded.