The journey to becoming a sustainable business is filled with choices, and choosing the right partners can make all the difference. Yet, navigating the various platforms that assess and certify suppliers can be overwhelming.
EcoVadis has emerged as a leader in providing sustainability ratings, but understanding its pricing structure can be confusing. Companies might find themselves asking, “How much will it actually cost?” and “What am I really paying for?” This lack of clarity can make budgeting and decision-making difficult.
In this article, we’ll break down EcoVadis pricing for 2024, so you know exactly what to expect. We’ll explore the different pricing tiers, what each level offers, and how to choose the best option for your company’s needs.
Key takeaways:
How Much Does the EcoVadis Platform Cost?
EcoVadis does not offer transparent pricing for enterprise solutions. Annual subscription costs are determined based on multiple factors like your company’s size, location, and needs, determined after speaking to a sales representative.
EcoVadis’ pricing page.
For smaller companies and individual suppliers, EcoVadis has a wide variety of pricing structures covered in detail below.
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Factors Affecting EcoVadis Costs
EcoVadis offers several subscription tiers for business owners seeking to rate the sustainability performance of their company. These plans include:
- Basic: Your EcoVadis scorecard, internal scorecard sharing, and access to the EcoVadis Network.
- Premium: Basic features plus unlimited external scorecard sharing, a debrief for an additional fee, general customer care, and rate up to 5 partners.
- Corporate: Access to your corporation’s EcoVadis scorecard, 60-minute debrief, dedicated account manager, and rate up to 5 partners.
- Select: Bespoke scorecard management, in-depth 90-minute debrief, dedicated account manager, orientation call, and rate up to 10 partners.
Prices range based on your location, company size, and plan. For example, an extra small company based in the United States would pay $2979 for an annual Select plan, while those based in France would pay $2759 per year.
Generally, plans for companies based in the United States range from $500 to $11,000 annually.
Subscription pricing for corporations looking to rate members of their supply chain is quote-based. The Enterprise subscription includes:
- Unlimited assessments
- Unlimited users
- Dedicated project manager
- Multilingual support
- Additional services upon request
The Rate My Trading Partner feature allows companies to access the EcoVadis Directory Research database and to request trading partners to complete an assessment or share their EcoVadis scorecard. This might be a good alternative for small businesses with a small network of suppliers looking to find solutions on a budget.
Does EcoVadis Have a Free Plan?
EcoVadis does not offer a free plan, demo, or self-guided tour of its platform. The only free resources available for potential customers are written guides and video explainers of the platform’s features and tools.
Is EcoVadis Worth the Investment?
EcoVadis offers a comprehensive sustainability performance solution for a wide range of company sizes in any industry.
The assessments are based on 21 sustainability criteria ranging from biodiversity to corruption. Results are provided on a 100-point rating system that highlights improvement areas, guides sustainability performance, and provides access to the EcoVadis Network.
EcoVadis’ 21 sustainability criteria.
But is it worth the price? EcoVadis users on third-party review sites like G2 and Gartner shared various advantages of the platform:
- The platform is well-organized, simple to set up, and easily navigatable.
- Assessment questions are clear and well-defined.
- Assessments cover the full spectrum of sustainability topics to provide a complete overview.
- Action planning features explain strengths and improvement areas.
At the same time, the platform has its downsides:
- The rating system doesn’t provide enough transparency.
- EcoVadis Academy isn’t free for all users.
- Some features, like the document library, are difficult to use.
- Assessments are often difficult for suppliers to navigate and complete.
- Automated analysis of assessments sometimes misses the mark.
- Customer support can be difficult to reach.
Overall, users feel like EcoVadis is a comprehensive option for sustainability assessments but it lacks certain features and cost-transparency to make it a top choice.
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Exploring Alternatives to EcoVadis?
SupplierGateway offers a more streamlined, transparent, and user-friendly experience. Clear pricing and robust features make SupplierGateway the superior choice for companies serious about sustainability.
Our Sustainability Assessments and Reporting packages include assessments, dashboard access, and individual supplier assessment reports. Prices vary based on quantity:
- 100 Assessments: $9,000/year.
- 1000 Assessments: $15,500/year.
- 2500 Assessments: $28,000/year.
- 5000 Assessments: $42,000/year.
- 10,000 Assessments: $68,000/year.
Businesses looking for additional features can also opt for the Corporate Social Responsibility Platform. It includes Tier-1 & Tier-2 tracking, economic impact reporting, and diverse supplier search tools, as well as 100 assessments, for $31,500/year.borative environment that is conducive to better results.
An example of a supplier’s ESG assessment ratings — clear, simple, effective.
Core features of SupplierGateway sustainability assessments include:
- Supplier ESG: Provides a comprehensive evaluation of a company’s environmental, social, and governance practices to enhance supply chain transparency and manage risk.
- GHG Leadership and Reporting: Evaluates suppliers on their carbon emissions, measurement accuracy, reduction efforts, and their support for ongoing greenhouse gas mitigation and emissions management.
- Supplier DEI: Provides insights into DEI initiatives, including commitment statements, diverse supplier status, and programs.
- Human Rights Compliance: Evaluates labor practices to identify and address modern slavery and human trafficking, guided by international legislation.
With SupplierGateway, there are no surprises—just straightforward solutions that help you achieve your sustainability goals.