Stahl awarded with Eco Vadis Platinum rating
Eco Vadis is a globally recognised evidence-based assessment platform that reviews the performance of organisations across areas key of more than 90,000 companies including environmental impact, labour and human rights standards, ethics, and sustainable procurement practices. The latest report from Eco Vadis highlights Stahl’s positive progress across all these areas and builds on the Gold rating achieved by the company in 2021. Stahl’s 2030 target is to maintain the Eco Vadis Platinum rating by working closely with its value-chain partners to help them reduce their environmental impact – including by supporting their transition to renewable feedstocks. In 2021, 80% of Stahl’s total spend on raw materials was supplied by Eco Vadis-rated suppliers.
Supply Chain Transparency division
Recent steps at Stahl have included establishing a dedicated Supply Chain Transparency division within the company’s ESG department. The division will be tasked with coordinating a new product development framework that prioritises the responsible sourcing of raw materials. Furthermore, in July 2022 Stahl submitted a new greenhouse gas (GHG) emissions reduction target, including a specific commitment regarding the company’s Scope 3 upstream emissions. Stahl aims to reduce these by at least 25% over the next 10 years, compared with the base year (2021). Stahl expects to achieve this reduction primarily by working with its suppliers to replace fossil-based raw materials with lower-carbon alternatives.