König awarded with the EcoVadis Silver scorecard on ESG topics

König strives to live up to its corporate responsibility towards people and the environment by developing solutions that make the product portfolio, the business activities and the value chain more sustainable.

König strives to live up to its corporate responsibility towards people and the environment by developing solutions that make the product portfolio, the business activities and the value chain more sustainable.

With this in mind, König takes responsibility for all aspects of sustainable development: E – Environment, S – Social and G – Governance.

Therefore, the focus is on environmental topics such as decarbonisation and responsible use of resources, social topics such as health and occupational safety of our employees, general good working conditions and promotion of human rights along the entire value chain as well as governance topics such as compliance and business ethics.

These ESG sustainability principles are integrated into all of our business activities and processes on all levels: from the strategic to the operative.

From time-to-time König has been assessed by third parties, as requested by most of largely dimensioned and structured key accounts customers such as car manufacturers and multinational distribution companies.

 

 

The EcoVadis Rating covers a broad range of non-financial management systems including Environmental, Labor & Human Rights, Ethics and Sustainable Procurement impacts. Each company is rated on the material issues as they pertain to their company's size, location and industry.

These evidence-based assessments are refined into easy to read scorecards, providing zero to one hundred (0-100) scores, and medals (bronze, silver, gold), when applicable. Additionally, the scorecards provide guidance on strengths and improvement areas, which the rated companies may use to focus their sustainability efforts and develop corrective action plans to improve their sustainability performance.

To drive global supply chain sustainability, large multinational corporations partner with EcoVadis, leveraging the influence of spend as a "force for good" to push trading partners beyond compliance. The rated company can see how their score compares to the benchmark in their industry. Combining the scorecard results with improvement areas results in a "race to the top," in which whole industries compete to achieve global best practice.

Through the Enterprise subscription and associated services, EcoVadis provides an outsourced sustainability management platform that helps large organizations to: invite their trading partners to be rated; manage trading partners' performance; drive continuous improvement.

Purchasing organizations easily integrate EcoVadis Scorecards into their day-to-day business practices (such as vendor registration, compliance, sourcing, and supplier performance and relationship management), driving their organization to make more sustainable procurement decisions, while positively incentivizing trading partners that align with their sustainability practices.

To date, EcoVadis has rated over 75,000 trading partners worldwide, mitigating risk for some of the world's largest organizations, while positively impacting the environments, fostering transparency and driving innovation.

König S.p.A. rating has been released in March 2024 as Silver Top 15%: the company ESG approach has been positively evaluated with the assignation of a score that only 15% of the assessed company were able to reach.

 This great result confirms the König’s approach on ESG topics is going in the right direction; anyway the Ecovadis scorecard is not an achievement but rather a starting point for continuous improvement. König strives to improve this score by implementing an action plan with short/medium/long term activities on specific areas and topics to excel in Environmental, Social and Governance aspects.