Memberships and ratings
Increased transparency is one of our Sustainability focus areas meaning transparent communication to all stakeholders, e.g., investors, customers, and consumers. We are proud to be highly ranked for our sustainability performance by several ESG (Environment, Social, Governance) ratings. Scandi Standard is also a member of several sustainability initiatives focusing on upholding good sustainable business practices such as UN Global Compact, the UN’s responsible business initiative.
| Rating Framework | Latest Rating |
|---|---|
| CDP | Climate: A Forest: B |
| MSCI | AA |
| ISS ESG | C |
| Sustainalytics | 24.4 |
| FAIRR | 49/100 |
| S&P Global | 36/100 |
| Ecovadis | 59/100 (A bronze medal) |
UN Global Compact
The world’s largest corporate sustainability initiative is a call to companies to align strategies and operations with universal principles on human rights, labor, environment, and anti-corruption and take actions that advance societal goals. It is a voluntary initiative focusing on implementing sustainability principles and supporting UN goals. Through the UN Global Compact, we submit a yearly progress report on human rights, labor, environment, and anti-corruption.
Sedex
Sedex specializes in ethical trade and responsible sourcing, emphasizing supply chain transparency and social responsibility. Their assessment primarily targets industries like retail, food, and beverage, where these aspects are important. Sedex uses self-assessments, which are done on a site level. So far, at least Aars and Stokke are connected to Sedex since we have several customers requiring input from us through the Sedex platform.
Nasdaq transparency partner
As contributors to the Nasdaq ESG Portal, we participate in and submit sustainability data to Nasdaq’s ESG database. In return for our participation, we are certified as a ‘Nasdaq ESG Transparency Partner’ and receive a complimentary badge. Our included firms use this certification to signal engagement in market transparency and raising environmental standards.
CDP
CDP is a not-for-profit organization that runs a global disclosure system for investors, companies, cities, states, and regions to manage their environmental impacts. A CDP score provides a snapshot of a company’s disclosure and environmental performance. Environmental stewardship is analyzed on a scale from -D to A. This is our most prioritized rating, as we also have several large customers directly requesting our response (e.g., McDonald’s and Salling in Denmark, and S Group and Kesko in Finland).
EcoVadis
EcoVadis is a globally recognized assessment platform that rates businesses’ sustainability based on four key categories: environmental impact, labor, and human rights standards, ethics, and procurement practices. As a part of our supplier risk assessment, we ask our high-risk suppliers to do a desktop audit through Ecovadis, it is therefore important that we lead by example and are evaluated by the platform ourselves. It is also a great tool to share our sustainability score and efforts with customers through the platform. Lidl is one example of a customer who requests a score from us through Ecovadis.
MCSI
MSCI ESG Ratings aim to measure a company’s management of financially relevant ESG risks and opportunities. MSCI uses a rules-based methodology to identify industry leaders and laggards according to their exposure to ESG risks and how well they manage them relative to peers. The ESG Ratings range from leader (AAA, AA), average (A, BBB, BB) to laggard (B, CCC).
ISS ESG
Companies are rated, from D- to A+, on their sustainability performance. ISS’ ESG performance analysis assesses risks and impacts related to all relevant stakeholders such as employees, customers, suppliers, communities, and ecosystems.
Sustainalytics
The ESG Risk Ratings measure a company’s exposure to industry-specific material ESG risks and how well a company is managing those risks. Sustainalytics ratings give an in-depth analysis of the company’s ESG strengths and weaknesses compared to competitors and industry performance.