EcoVadis is one of the world’s largest providers of business sustainability ratings, assessing more than 130,000 companies’ actions and practices on their corporate and social responsibility. Grundfos was evaluated across four key areas: Environment, Labour & Human Rights, Ethics, and Sustainable Procurement.
Since the last assessment (Gold medal rating), Grundfos has implemented additional measures and policies to strengthen social and environmental responsibility across the value chain. At the same time, the company has made significant progress towards both water and climate ambitions, reflecting the company's ongoing commitment to sustainability and continuous improvement.
“We are very proud of the Platinum rating, which I would like to dedicate to our hard working and dedicated colleagues worldwide,” said Louise Koch, senior director, group head of Sustainability, Grundfos. “It encourages us to keep pushing ourselves to enhance our ESG (Environmental, Social, and Governance) practices that include progressing towards net zero by 2050, fostering a fair, inclusive, and safe working environment, enforcing strong ethical business standards, and ensuring sustainable procurement across our entire value chain.”
Silvio Vanzo, group senior vice president, Purchasing, Grundfos, said: “Achieving Platinum certification highlights Grundfos’ commitment to conduct business in a responsible way, but it also highlights the close collaboration and trust between us and our loyal suppliers and customers. Their cooperation and input have been instrumental in strengthening and enhancing our ESG practices throughout the entire value chain.”
Grundfos’s sustainability highlights include an SBTi validated 2050 net-zero target. Since 2020, Grundfos has also reduced its CO2 emissions by 11.7% (2023). Through a new Power Purchase Agreement, the company is set to meet its target of a 50% reduction on operational carbon emissions in 2025 - five years ahead of the company’s original 2030-goal. In 2023, Grundfos solutions enabled customers and end users to save an estimated 1.6bn m³ of water and reduced water withdrawal in own operations by 48% since 2020. To foster a fair, inclusive, and safe working environment Grundfos has robust labour policies and practices across its value chain. Grundfos has also implemented rigorous anti-corruption measures, conducts regular audits, and provides extensive training to ensure ethical practices are maintained throughout its operations.
