Markerstudy Enhances EcoVadis Rating, Now recognized with Silver Status
In the realm of business sustainability, two companies – Markerstudy Group and Qover – have made significant strides, as revealed in their respective 2023 Sustainability Reports.
Markerstudy, a leading insurance provider, has published its Sustainability Report 2023 to highlight its activities in the areas of environment, social responsibility, and governance. The Science Based Targets initiative (SBTi) has validated Markerstudy's targets, committing the group to reaching net zero across the value chain by 2045.
The report reveals substantial progress made during the last year. Markerstudy has moved into the top 15% of over 150,000 organizations rated by EcoVadis, securing a Silver status with an overall score of 74. The company's Environment score improved from 50 to 80, and its Sustainable Procurement score improved from 40 to 77. Markerstudy's largest improvements came within the themes of Environment and Sustainable Procurement.
Moreover, Markerstudy's sustainable supply chain programme has seen 80% of suppliers sign up to its Sustainable Supply Chain Charter. The company's fundraising efforts resulted in more than £300,000 being donated to charities and good causes in 2024.
Lizzie Smith-Foreman, Markerstudy's chief marketing, communications, and sustainability officer, commented on Markerstudy's key achievements in 2023, but specific achievements are not detailed in the provided paragraph.
Meanwhile, Qover, a leading insurtech driven by a vision of creating a global safety net through insurance, has received a Silver Medal sustainability rating from EcoVadis. This rating places Qover in the top 15% of over 150,000 organizations assessed by EcoVadis.
Verlingue, another player in the insurance sector, has also demonstrated its commitment to creating a sustainable business for future generations. Verlingue Ltd. achieved bronze accreditation for its Environmental, Social, Governance (ESG) approach from EcoVadis.
EcoVadis is a global provider of sustainability evaluations, helping companies to measure, improve, and report on their sustainability performance. With these achievements, all three companies are setting a strong example for the industry, demonstrating that sustainability can be a key driver of business success.
