Sector Specific Decarbonisation Solutions
The global push for a low-carbon future is definitely stronger than ever.
- Investors are paying close attention
- Governments are tightening rules
- Consumers are putting up more challenging demands
Under these conditions, having a decarbonisation strategy should not be considered as just another good-to-have trait. Because it has become an absolute need for companies such as yours.
Creating a decarbonisation strategy can help companies to stay ahead of any risks and boost your brand amongst customers, regulators and investors. Oren provides decarbonisation solutions that are aligned with your industry and the size and scale of your business. We ensure that the decarbonisation roadmap is aligned with your business growth plans.
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What is Decarbonisation?
A company embarks on a decarbonisation journey when it takes steps to cut emissions across their business and supply chain. This journey takes a few things into account:
1. Conducting a baseline assessment of the current emissions
2. Setting goals with a target year and emission reduction percentage in line. Aligning this goal with global standards such as Science-Based Targets Initiatives (SBTi) is highly recommended
3. Creating an action plan in place to achieve the above goal. This action plan should be aligned with the business growth plans.
4. Focusing extensively on reducing emissions before considering carbon offsets
5. Utilising award-winning technology platforms like Oren Sustainability Hub to measure and track emissions and decarbonisation goals
How Decarbonisation Works: Business Impact & Relevance
Today, decarbonisation is about more than just going green. It is strengthening your business for future growth too as customer and investors demand it. It works for your business in several ways:
| Benefit | What It Means for You |
|---|---|
| Stay ahead of regulations | Strict carbon tax rules such as Carbon Border Adjustment Mechanism (CBAM) are already here. If companies don’t act early to reduce their emissions, this will impact the cost of their products. |
| Cut costs and boost efficiency | Renewable energy, energy efficiency, and optimised operations = lower energy bills + resilience to price swings. |
| Build trust and market edge | Customers and partners prefer green brands. Climate action boosts reputation and loyalty amongst enterprise customers and consumers. |
| Future-proof your business | Climate-centric investments drive innovation and keep you competitive in the long run. They also help you mitigate climate risks to operations and workforce. |
Today, decarbonisation is about more than just going green. It is strengthening your business for future growth too as customer and investors demand it. It works for your business in several ways:
Oren’s Approach to Decarbonisation
At Oren, we believe in a structured, customised, and expert-driven approach. We simplify complexity with our award-winning platform, Oren Sustainability Hub, advisory, compliance support, and stakeholder engagement.
In execution of this approach, we do the following:
- Use of AI for ease of calculation: We utilise our award-winning technology platform, Oren Sustainability Hub for scope 1 and 2 GHG accounting. Companies can simply upload their invoices, bills and documents, and the platform automatically extracts the relevant information needed for the Scope 1 and 2 emission calculations. The platform also provides dashboards for real-time tracking of GHG data against the set decarbonisation goals.
- Audit-ready Data: We ensure audit-ready disclosures. The data generated from the platform meets the requirements of global and regional frameworks such as BRSR, GRI, TCFD, and CSRD. All the documents uploaded on the Oren Sustainability Hub platform are stored along with the GHG emissions activity data, and an audit trail is maintained.
- Sector-specific Solutions: Oren’s sustainability consultants provide sector-specific solutions.
- Regional Context: Our decarbonisation roadmaps align with the company’s regional context to determine what type of alternative fuel and renewable energy sources and contracts are easily available to them.
All in all, our differentiators lie in science-based targets, measurable outcomes, ESG alignment, and regulatory readiness. With Oren, decarbonisation becomes a driver of credibility and long-term growth.
Our Decarbonisation Services: Leading the Way to a Low-Carbon Future
With Oren, you gain a strategic partner to guide your journey toward higher EcoVadis scores and stronger sustainability credentials. Have a glimpse into our method of working to relate it to your practices:
- Scope definition: Set clear priorities and timelines, and finalise the assessment scope.
- Gap analysis: Review existing sustainability practices to spot weak areas.
- Scorecard review: Compare performance against EcoVadis standards and identify gaps.
- Corrective actions: Verify and guide policy, process, certification, initiative etc. improvements.
- Reporting: Provide practical insights to help raise EcoVadis scores.
- Documentation development: Development of documentation such that it is accepted by EcoVadis.
- Industry best practices: Bring in insights based on what leaders in your industry are doing.
- Alignment with ESG strategy: Ensure alignment of EcoVadis submission with your overarching ESG strategy.
Why Choose EcoVadis?
EcoVadis Worldwide
for All Suppliers
EcoVadis
EcoVadis & ESG Rating Framework
EcoVadis is not a framework but a sustainability rating platform. It leverages leading global ESG frameworks and standards to evaluate company performance. It is based on global standards like GRI, SASB, UNGC, ISO 26000, OECD and ILO. Hence, EcoVadis serves as a practical tool for businesses to benchmark and demonstrate ESG performance using recognised frameworks.
ESG Frameworks vs EcoVadis
ESG frameworks set the guidelines, while EcoVadis applies them in practice. The latter creates a structured methodology to assess how well companies manage sustainability risks and opportunities. Companies are expected to fill out the Ecovadis questionnaire on the EcoVadis website along with documentation as proof. The EcoVadis analyst then verify the responses and provide a score between 0 to 100.
EcoVadis Rating Method
EcoVadis delivers its evaluation into a comparable score ranging from 0 to 100. It is measured across four key themes: environment, labour and human rights, ethics and sustainable procurement. The scoring makes it easier for businesses, suppliers and procurement leaders to benchmark performance, identify gaps and track progress over time. Incorrect responses to the questionnaire and documentations also get rejected by the team of EcoVadis’ analysts. EcoVadis also conducts a 360 degree watch analysis on the company to assess if there is any negative or positive news about them.
Best Practices for Achieving a High EcoVadis Score
Achieving a high EcoVadis score is possible through focus on the following aspects:
Policy & Documentation
Develop clear and comprehensive policies for ESG practices. Ensure their proper formalisation, updating and linking to measurable actions and goals. Further, structure the evidence around policies, actions and results for the relevant sustainability theme. There should be clear communication on the coverage, grievance mechanism, governing body etc. in the policy. The documents that are credible, relevant, and directly address the EcoVadis criteria are necessary to be framed. These documents should also carry the stamp of the company and the signature of the implementation authority.
Global Standards Alignment
Align the sustainability initiatives with international frameworks such as BRSR, GRI, SASB, UNGC and ISO 26000 to achieve a high EcoVadis score. It works by demonstrating that the company’s practices meet global recognised benchmarks.
Regular Monitoring & Updates
Establishing continuous improvement procedures, involving:
- Conducting gap analysis
- Creating a detailed action plan accordingly
- Implementing measurable KPIs and policies across the four pillars
- Reviewing scorecards regularly to track progress
Cross-Functional Collaboration
Achieve this through the establishment of clear and common goals and a centralised platform such as Oren Sustainability Hub for communication and knowledge sharing. Engage teams across HR, procurement, compliance and operations to ensure the following of ESG practices in every business function.
Supplier Engagement
Developing and engaging suppliers on your supply chain sustainability program helps attain a high EcoVadis score. If required, train and collaborate with suppliers to ensure sustainable practices that align with your strategy. Utilizing award-winning platforms like Oren Sustainability Hub to roll-out supplier assessment, conduct performance benchmarking on ESG parameters amongst suppliers and development of Supply Chain Sustainability report further helps increase the EcoVadis score.
Sustainability Report
Provide accurate and evidence-based data while communicating results openly. Creating a sustainability report boosts the EcoVadis rating. Using award-winning ESG softwares such as Oren Sustainability Hub for automation of data collection and streamlining reporting helps create a single source of truth for all ESG data. Also, include third-party audits and certifications.
Why Choose Oren for Your EcoVadis Services?
Partnering with Oren means gaining a trusted advisor who simplifies the EcoVadis assessment process. Oren brings in the award-winning ESG technology platform, Oren Sustainability Hub and a team of trusted sustainability consultants who have supported hundreds of companies through their EcoVadis journey.
- Achieve excellence in the EcoVadis score: We help companies close gaps, align with EcoVadis criteria and improve across all four themes.
- Award-winning technology: Our platform, Oren Sustainability Hub help companies measure, track and improve their key ESG metrics in real-time. Companies can also create sustainaility reports that can be used as documentaiton for the EcoVadis assessment. The platform also offers AI policy developer that creates EcoVadis aligned policies.
- End-to-end handholding: Oren’s team of sustainability consultants support companies end-to-end from identifying and understanding gaps in their current practices against the requirments of EcoVadis all the way to filling out the EcoVadis assessment.
- Strategic improvement: Oren guides companies with actionable steps to enhance policies, processes and reporting. We ensure meaningful progress in sustainability practices that aligns with the companies’ long-term ESG strategy and isn’t just a tick-in-the-box activity for the EcoVadis assessment.
- ESG leadership: Strong EcoVadis ratings demonstrate credibility and build trust with stakeholders. So, you are at a better chance of positioning your business as a leader in responsible practices.
- Real-time EcoVadis performance benchmarking: With Oren, companies can track and compare their EcoVadis performance against industry peers. This enables continuous improvement and competitive advantage.
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Testimonials
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Atul Khanapurkar
Executive Director, Shriram Pistons & Rings
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Senior Manager, Max Financial Services
Shalaka Ovalekar
Company Secretary and VP-Legal, ADF Foods
Frequently Asked Questions
EcoVadis rating is an independent sustainability score (0 to 100) that evaluates a company’s performance across four themes: Environment, Labour and Human Rights, Ethics and Sustainable Procurement. The assessment is based on global ESG standards and evidence-based data.
To improve their reputation, companies should obtain an EcoVadis rating. It also helps gain a competitive advantage in the market. Companies typically recieve requests to get an EcoVadis rating from their customers.
No, EcoVadis is not the same as an audit. It is a standardised and platform-based sustainability rating platform that evaluates company policies, actions and results against international ESG frameworks. It does not conduct an in-depth financial or compliance or sustainability audit.
EcoVadis assessment methodology and process is a structured approach to evaluate a company’s sustainability performance. It is evidence-based, globally recognised and aligned with ESG frameworks. The process involves four stages: registration, filling out of questionnaire, expert analysis of documented evidence against responses and AI-driven analysis. This is followed by a 360 degree watch to determine any positive or negative press on the company.
Eligibility qualification for EcoVadis medals requires companies to earn a minimal score of 30 in each theme. Further, medals are awarded based on percentile rank: platinum (top 1%), gold (top 5%), silver (top 15%) and bronze (top 35%) of companies rated in the past 12 months.
EcoVadis assessment involves documents supporting the company’s sustainability, ethical and ESG practices. It includes formal policies which are approved and signed by the Board, management system certificates such as ISO certifications, supplier assessment, training documents, procurement documents such as purchase orders, sustainability reports or sustainability initiative implementation reports and performance data.
EcoVadis IQ profiles are sustainability risk profiles created for companies using public data, sector and country insights and external sources. They are used to quickly screen and map supplier sustainability risks, identify high-risk suppliers, help procurement teams make informed sourcing decisions and prioritise where to focus sustainability and risk management efforts.
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