EcoVadis Acknowledges Redwood Logistics for Sustainability Excellence
Redwood Logistics (Redwood), one of many fastest-growing provide chain and logistics corporations in North America and innovators of Logistics Platform as a Service (LPaaS), introduced in the present day that the corporate has been awarded a Bronze EcoVadis Medal in recognition of 2022 sustainability achievements and progress towards ESG (Environmental, Social, Governance) goals, together with improvement of its proprietary Redwood Hyperion sustainability and carbon monitoring device. Redwood accomplished the evaluation inside the transportation help class and positioned within the 62nd percentile of all corporations surveyed by EcoVadis.
“The flexibility to satisfy our carbon and environmental objectives units the inspiration for our prospects and their potential to satisfy their objectives,” stated Mike Reed, Chief Product Officer, Redwood. “Implementing and creating instruments that assist the circulate of sustainability information and enhance determination making permits for us to carry true to our sustainability values. Receiving the EcoVadis Bronze Medal corroborates the successes that we’ve got made up to now, with extra efforts and innovation nonetheless to come back.”
EcoVadis measures contributors in 4 classes: surroundings (operational components and stewardship), labor & human rights (inside and exterior human rights points), ethics (corruption and bribery points) and sustainable procurement (social & environmental points in firm provide chains).
Redwood’s environmental insurance policies on greenhouse fuel (GHG) emissions & power consumption, labor & human rights insurance policies, complete ethics insurance policies and environmental situation integration into provider contracts had been all acknowledged as coverage and motion strengths by EcoVadis of their respective classes.
For instance, Redwood lowered asset fleet carbon output by 1.7 million kilos in 2022 by means of a fleet modernization initiative aligned to the SmartWay packages’ tips, which matched an identical pattern with third-party managed options that lowered carbon output by over 75 million kilos by means of LTL consolidation every quarter final yr. Redwood’s potential to materially analyze and supply that sort of anchored, data-driven sustainability reporting at a person buyer degree is a energy as a associate in driving ahead shippers’ ESG goals and acknowledged by means of the EcoVadis evaluation scoring.
Particularly, Redwood’s 2022 beta rollout of Redwood Hyperion contributed closely to the corporate’s excessive rating forward of the 2023 launch to the broader market. Redwood Hyperion, which additionally not too long ago acquired the SEAL Sustainable Product Award, automates detailed load-by-load emissions calculations, offers provide chain emissions metrics & analytics, and helps carbon-neutral initiatives by facilitating carbon credit score purchases towards verified tasks.
“As we launch new applied sciences and capabilities, like Redwood Hyperion, we glance to strengthen our scores in every of the scoring classes and additional exhibit our dedication to being a accountable transportation associate,” added Reed. “By means of our suite of recent 4PL logistics execution and provide chain orchestration companies, we’re capable of assist shippers transfer freight sustainably and make environmentally aware selections to positively impression their provide chains and share with their customers.”
As sustainability expectations evolve, shippers are more and more requesting EcoVadis scores as part of their procurement course of. Redwood will proceed to substantiate sustainability outcomes and is dedicated as a accountable employer and transportation associate with company ESG goals being guided by the Sustainability Accounting Requirements Board (SASB) framework.
For extra particulars on the EcoVadis sustainability medals and scoring, go to https://ecovadis.com/. To take a look at a demo of Redwood Hyperion and study extra about how Redwood may help shippers meet their sustainability and carbon accounting objectives, go to https://www.redwoodlogistics.com/service/innovate/redwood-hyperion/.
