We are proud to announce that IVICT has once again successfully completed the annual EcoVadis Business Sustainability Assessment, earning a Silver Medal. This prestigious recognition places IVICT in the top 15% of all companies assessed by EcoVadis, reflecting our unwavering commitment to environmental, labor, and human rights issues. EcoVadis is a globally recognized authority on corporate sustainability, providing businesses with a comprehensive and reliable sustainability rating. The EcoVadis Medal Program is a rigorous assessment of a company's sustainability performance across four key areas: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement.
In 2024, EcoVadis updated its medal methodology to align with emerging global regulations and market maturity. Recognizing the evolving dynamics of the market, EcoVadis tightened the eligibility criteria to maintain the integrity of its program while increasing the value of its medals. Despite these changes, IVICT has demonstrated consistent improvement year-over-year, exemplifying the spirit of the EcoVadis program. We believe in the importance of regular assessments to identify our strengths and weaknesses and implement corrective actions. This commitment to continuous improvement is reflected in our EcoVadis Scorecard and is a key focus for our trading partners.
IVICT's Silver Medal in the EcoVadis Business Sustainability Assessment is more than just an award; it's a testament to our dedication to creating a sustainable future. We are excited about the progress we've made and look forward to continuing our sustainability journey in the years to come. We are incredibly proud of this achievement, which underscores our ongoing commitment to sustainable business practices. We believe that sustainability is not just about being responsible corporate citizens but also about creating long-term value for our stakeholders.
We invite those interested in further information about our score to check via the EcoVadis portal or to contact us directly. We are more than happy to share our journey towards sustainability and the steps we are taking to make a positive impact on our world.
