Remanufacturing 57 www.aftermarketonline.net JUNE 2024 BORG Automotive improves its Ecovadis rating in 2023 Business sustainability ratings provider Ecovadis has again acknowledged activities by spare parts remanufacturer BORG Automotive with the award of bronze status for 2023. The rating followed BORG’s bronze accolades awarded in 2021 and 2022 and the company said it has also taken a big leap forward in terms of rankings of companies assessed overall. While BORG Automotive ranked among the top 43% in 2022, it moved up by a full nine percentage points towards the top third in 2023 — and is now among the leading 34% of participating companies. The company said its success is all the more pleasing given that the Ecovadis assessment standards were made stricter last year, with threshold values and the admission criteria for medals tightened. Sten Højland, director of compliance at BORG Automotive, said: “Sustainable corporate governance is extremely important to us. As part of the circular economy, we place special demands on our work. “We are proud to have been able to improve as in previous years, even when applying the new assessment standards. We will do everything we can to continue this development in 2024.” The goal is ambitious, as Ecovadis tightened the criteria once again as of January 1. Ecovadis said that at least 30 points must be achieved in all four categories —human resources, environment, ethics, and responsible purchasing. It will therefore no longer be possible to compensate for a negative result in one category with an outstanding result in another. And last but not least, no medals will be awarded, even if the figures are positive, if critical incidents are observed during the assessment period. Højland said: “We very much welcome the stricter rules. They make the rating even more reliable, transparent, and credible — qualities which are essential in our industry.” BORG says that by remanufacturing its products 60% less CO2 equivalent is emitted, on average, 42% less energy is consumed and there is 70% less depletion of nature’s non-renewable raw materials. Sustainable parts
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