Hexaware Technologies, an IT services and solutions provider, announced that it has achieved a Silver rating from EcoVadis, a platform for assessing and rating business sustainability. Hexaware’s score has increased to 70 points, placing it in the top 15% of companies globally for Environmental, Social, and Governance (ESG) practices. Last year, Hexaware earned 50 points, receiving a Bronze rating.
Since its inception in 2007, EcoVadis has grown into a global provider of business sustainability ratings, establishing a network of over 130,000 rated companies. They offer comprehensive insights that enable businesses to reduce risks, enhance their sustainability practices, and create positive impacts on society and the environment.
The core of EcoVadis’ ratings is its sustainability assessment methodology, which evaluates how well companies integrate sustainability and CSR principles into their operations. This methodology is based on seven key principles, including expert assessment, industry-specific customization, diverse source input, technological integration for secure and efficient processes, transparency, evidence-based scoring, and continuous improvement. It aligns with international standards such as the Global Reporting Initiative, the United Nations Global Compact, and ISO 26000, covering more than 220 spend categories and 180 countries.
EcoVadis evaluates companies based on criteria in four areas: Environment, Labor and Human Rights, Ethics, and Sustainable Procurement. Hexaware’s score improvement has been noted across each of these parameters.
“Achieving a Silver rating with 70 points from EcoVadis is the result of our collective efforts in advancing our ESG commitments,” said Uma Thomas, Chief Risk Officer and Global Head – ESG, Hexaware. “This increase reflects our efforts in improving environmental responsibility, ethical standards, and sustainable practices across the company.”
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