Grundfos joins top 1% of sustainable companies globally with EcoVadis’ platinum medal rating

Global group in advanced pump solutions and water technology Grundfos has achieved platinum medal rating from EcoVadis. This recognition places Grundfos in the top 1% of companies rated worldwide when it comes to commitment in sustainable business practices.

Grundfos has made progress towards both water and climate ambitions (Image: Grundfos)

EcoVadis is one of the world’s providers of business sustainability ratings, assessing more than 130,000 companies’ actions and practices on their corporate and social responsibility. Using its international standards, EcoVadis has evaluated Grundfos across four key areas: environment, labour and human rights, ethics, and sustainable procurement to award the business a platinum medal rating.

Since the last assessment which Grundfos earned a gold medal rating, Grundfos has reportedly implemented additional measures and policies to strengthen social and environmental responsibility across the value chain.  

“[The] platinum rating, which I would like to dedicate to our dedicated colleagues worldwide, encourages us to keep pushing ourselves to enhance our ESG practices that include progressing towards net zero by 2050, ensuring sustainable procurement across our entire value chain,” said Louise Koch, senior director, group head of sustainability, Grundfos.

Silvio Vanzo, group senior vice-president, purchasing, Grundfos, added, “Achieving platinum certification highlights the close collaboration and trust between us and our loyal suppliers and customers.”

Grundfos sustainability highlights include enabling customers and end users to save an estimated 1.6 billion m³ of water and reduced water withdrawal in own operations by 48% since 2020. Grundfos has implemented rigorous anti-corruption measures. It also conducts regular audits and provides training to ensure ethical practices are maintained throughout its operations.

Since 2020, Grundfos has reduced its CO2 emissions by 11.7%. Through a new Power Purchase Agreement, the company is set to meet its target of a 50% reduction on operational carbon emissions in 2025 — five years ahead of the company’s original 2030 goal.