Teknos Earned the Gold Medal for Sustainability from EcoVadis

Date: 11/06/2024
Categories: Sustainability
The EcoVadis gold medal for sustainability achieved by Teknos

The sustainability performances of Teknos have been once again rewarded with the gold medal from EcoVadis.

Teknos has recently announced that in March 2024 its sustainability performances have been once again rewarded with the gold medal from EcoVadis. The international manufacturer of paints and coatings is then included in the top 5% of over 130,000 companies rated across the globe. Teknos obtained very-high scores according to the environment, labour and human rights and sustainable procurement criteria.

“Sustainability is a cornerstone of the strategy of Teknos and the EcoVadis gold medal is confirmation of this commitment. It is clear that the coatings industry is in transformative phase, where safety and sustainability are being prioritised. At Teknos, we are working closely with our suppliers and customers to collectively innovate and develop the next generation of high-performance paints that have less impact on the environment, prolong the lifecycle of our products and those of our clients and are safer to handle and apply,” has stated Paula Salastie, the CEO and owner of Teknos Group. “We are proud that our persistent work to increase our ethical awareness, and to develop more sustainable operations and products, has been recognized once again with the EcoVadis gold medal. To be included in the top 5% of all rated companies is a great recognition that will inspire for the future.”

More specifically, Teknos achieved:

  • A 95% reduction in the number of substances of concern relative to the total raw material consumption;
  • A 97% direct procurement spent covered by its Supplier Code of Conduct;
  • A significant improvement in safety performances, with the Lost Time Injury Frequency Rate[1] going down 21.3%.

“For us, being sustainable goes well beyond products and operations. Being a family-owned company, people are everything to us, with safety being our number one priority. We strive to create a great place to work where people can become the best versions of themselves. We believe in forging long-term relationships with all our stakeholders, from customers to the communities we operate in, to support them in achieving their sustainability ambitions,” has concluded Salastie.

Since its founding in 2007, EcoVadis has grown to become one of the largest and most trusted provider of business sustainability ratings, creating a global network of more than 130,000 rated companies. Their methodology is built on international sustainability standards, including the Global Reporting Initiative, the United Nations Global Compact, and the ISO 26000, covering more than 220 spend categories and over 180 countries.

[1] LTIFR: the number of incidents resulting in at least one full day of absence per one million hours worked.