Cosmax Achieves 'Gold' Rating from Global ESG Assessor Ecovadis for Second Consecutive Year

Top 2% in Overall Score Among 150,000 Companies

Cosmax, an Original Design Manufacturer (ODM) specializing in cosmetics, announced on December 10 that it has received the 'Gold' rating from the global sustainability assessment agency Ecovadis for the second consecutive year.

Ecovadis is a global supply chain sustainability assessment agency that began in Paris, France in 2007. More than 150,000 companies across over 185 countries are evaluated by Ecovadis.

Ecovadis determines ratings through in-depth assessments across four categories: environment, labor and human rights, ethics, and sustainable procurement. The ratings are divided into Platinum (top 1%), Gold (top 5%), Silver (top 15%), and Bronze (top 35%).

Cosmax maintained its Gold rating this year, following last year. Its overall score improved from the top 4% last year to the top 2% this year, thanks to strengthened efforts in sustainable management.

Cosmax achieved particularly notable results in the environmental sector. In line with the establishment of its 2050 carbon neutrality roadmap, the company advanced its environmental management system and enhanced disclosure transparency, including publishing its first TCFD (Task Force on Climate-related Financial Disclosures) report.

To plan and implement such sustainability enhancement policies, Cosmax has established an ESG Committee and operates a Sustainability Management Division directly under the CEO.

A Cosmax representative stated, "Achieving the Gold rating for two consecutive years and improving our overall score once again proves our position as the global leader in ESG competitiveness. Going forward, we will continue to fulfill our social responsibilities as a transparent and trusted partner, expanding sustainable collaboration with more than 5,000 clients worldwide."

This content was produced with the assistance of AI translation services.