Colortech boosts EcoVadis sustainability rating to silver
MORRISTOWN, Tenn. (April 11, 2022) – Colortech has earned a silver medal for Sustainability from EcoVadis, one of the world’s most notable business sustainability ratings and assessments providers. This is the second time the manufacturer of color and additive concentrates has submitted a report for evaluation after receiving a bronze rating in 2020.
The assessment evaluates performance across 21 indicators in four main themes: environment, labor, and human rights, ethics, and sustainable procurement. In this year’s review, Colortech showed significant improvement in environmental stewardship to push the score to silver by improving energy efficiency through facility upgrades and establishing a reporting system for key sustainability metrics, including the release of its inaugural sustainability report.
“At Colortech, we strive towards continuous improvement as it is a vital part of our Guiding Principles. Our recent upgrade to a silver rating from EcoVadis supports our team’s efforts to continue investing in sustainable manufacturing practices and product development. In addition, our participation in EcoVadis allows us to assess how to work better to serve our customers, community, and the environment,” stated Beth McGhee-Folsom, Colortech’s Director of Regulatory Affairs.
The silver medal recognizes Colortech as among the top 25% participants that completed the well-known sustainability assessment. EcoVadis has assessed over 90,000+ companies globally by addressing potential risk factors and guiding participants on ways to improve sustainability, social, and ethical goals to create a brighter future for this and future generations.
Colortech, Inc., founded in 1981, is a North American-based manufacturer of color and additive concentrates for the plastics industry. The company strives to create high-quality polymer-masterbatch for processes including film and sheet, blow molding, injection molding, extrusion coating, and profile extrusion. Colortech is a part of the PolyPlast Müller group of companies, with manufacturing locations in Brampton, Ontario, and Morristown, Tennessee, and warehouses across the U.S. and Canada. To learn more about Colortech, visit colortech.com or call (800) 989-5594. Follow Colortech on LinkedIn and Facebook, and subscribe on YouTube.