announced that Bangkok-based subsidiary Siam Chemical Industry Co., Ltd., which manufactures a wide range of polymer products, including coating resins, achieved a silver medal in the sustainability assessment conducted by EcoVadis.
EcoVadis uses its own platform to assess and rate the sustainability of suppliers across 190 industrial sectors in 150 countries. The company operates a collaborative platform that enables companies to monitor the corporate social responsibility (CSR) (sustainability) performance of their suppliers and provides objective ratings of suppliers’ performances in four categories: environment, labor practices and human rights, ethics and sustainable procurement.
Siam Chemical Industry’s silver medal reflects the high score it earned in the EcoVadis assessment, which placed it in the top 10 percent of suppliers rated by the organization. The company, which has long promoted a variety of sustainability initiatives, has also received a CSR-DIW award,* given out annually by Thailand’s Ministry of Industry, for seven consecutive years.