Veritiv Operating Company Receives EcoVadis Silver Medal
Veritiv Operating Company, known for its expertise in specialty packaging distribution, has recently been awarded the prestigious Silver Medal from EcoVadis. This honor reflects the company's significant strides in sustainability, emphasizing its commitment to responsible business practices while contributing positively to the environment.
Outstanding Performance in Sustainability Assessment
In the latest EcoVadis assessment, Veritiv achieved an impressive score of 73, placing it in the top 7% globally among over 130,000 companies evaluated. Many leading businesses aim for an EcoVadis score of 55 or higher, making Veritiv's achievement noteworthy in the industry.
The EcoVadis evaluation process examines 21 sustainability criteria organized into four critical themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement. This thorough assessment contributes toward the worldwide movement advocating for sustainable business operations.
Leadership Commitment to Sustainable Practices
CEO Sal Abbate emphasized the importance of demonstrating leadership in sustainability, stating, "It is crucial for our team to not only participate but also to lead in sustainability as a top packaging provider in North America." Veritiv's remarkable performance in this realm showcases its ongoing commitment to improving sustainability practices and implementing responsible operations.
Innovative Solutions for Customers
As a packaging leader, Veritiv carries a substantial responsibility, especially with over half of the Fortune 500 companies among its clientele. This position offers both opportunities and challenges to make a meaningful positive impact on its employees, customers, suppliers, and the communities in which it operates.
By integrating the Orora Packaging Solutions (OPS) Sustainable Design Lab into its operations, Veritiv is enhancing its ability to provide innovative packaging solutions. This state-of-the-art research and design lab is pivotal in developing unique materials that help customers meet sustainability aspirations while adhering to ever-evolving regulations.
Transforming Sustainability into Competitive Advantage
Veritiv's commitment to sustainable packaging is underscored by its expanding portfolio of more than 43,000 products that include sustainable attributes such as Post-Consumer Recycled (PCR) materials and patented solutions. Collaborating closely with its global suppliers, Veritiv seeks innovative approaches to minimize waste with materials that can be recovered, recycled, and reused creatively.
Building a Circular Economy
By emphasizing circularity, Veritiv is transforming sustainability into a competitive advantage for its customers. The company’s focus is not only on environmental stewardship but also on ensuring that its packaging solutions align with the future of sustainability.
Global Sustainability Standards
EcoVadis uses comprehensive international sustainability standards, including the UN Global Compact's Ten Principles, International Labour Organization (ILO) conventions, Global Reporting Initiative (GRI) standards, and ISO 26000. These benchmarks support businesses in understanding their sustainability performance through evidence-based analysis and actionable pathways for continuous improvement.
About Veritiv
Veritiv Operating Company, headquartered in Atlanta, stands as a premier full-service packaging solutions provider. Beyond packaging, the company also offers JanSan, hygiene, print, and publishing products and services. With a diverse customer base spanning various industries, Veritiv operates distribution centers mostly in the U.S. and Mexico, with additional resources globally contributing to the success of its stakeholders.
Frequently Asked Questions
What is the significance of EcoVadis Silver Medal?
The EcoVadis Silver Medal recognizes Veritiv's outstanding sustainability practices and places it among the top-ranking companies worldwide in terms of sustainable business operations.
How does Veritiv impact sustainability?
Veritiv actively works to enhance sustainability by offering innovative packaging solutions, reducing waste, and integrating sustainable practices in its operations.
What are the main themes assessed by EcoVadis?
EcoVadis assesses companies based on 21 criteria organized into four primary themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement.
How does Veritiv support circularity?
Veritiv aims to support a circular economy by focusing on sustainable packaging solutions that can be recycled, reused, or recovered, thus reducing environmental footprint.
Where can I find more information about Veritiv's services?
For more detailed information about Veritiv and its offerings, you may visit their official website at www.veritiv.com.
