Teknos once again earns the EcoVadis gold medal for sustainability performance, ranking in the top 5% among companies globally

In March 2024, Teknos received the EcoVadis gold medal for its sustainability performance. This places Teknos within the top 5% of over 130,000 companies rated by EcoVadis across the globe.

According to the EcoVadis methodology, Teknos performed best in the following categories: Environment, Labour and Human Rights, and Sustainable Procurement. Here are some of the achievements that contributed to this result:

• A reduction of 95% in the amount of substances of concern* relative to its total raw material consumption
• 97% of direct procurement spend is covered by Teknos’ Supplier Code of Conduct.
• A significant improvement in safety performance in 2023, with Lost Time Injury Frequency Rate** going down 21.3% compared to 2022.

Sustainability is a cornerstone of Teknos’ strategy, and the EcoVadis*** gold medal is confirmation of this commitment, says Paula Salastie, CEO and Owner of Teknos Group: “It is clear that the coatings industry is in a transformative phase, where safety and sustainability are being prioritised. At Teknos, we are working closely with our suppliers and customers to collectively innovate and develop the next generation of high-performance paints that have less impact on the environment, prolong the lifecycle of our customers’ products, and are safer to handle and apply.”

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Paula states that: “We are proud that our persistent work to increase our ethical awareness and to develop more sustainable operations and products, has been recognised once again with the EcoVadis gold medal. To be included in the top 5% of all rated companies is a great recognition that will inspire for the future.”

“For us, being sustainable goes well beyond products and operations,” Paula continues. “Being a family-owned company, people are everything to us, with safety being our number one priority. We strive to create a great place to work where people can become the best versions of themselves. We believe in forging long-term relationships with all our stakeholders, from customers to the communities we operate in, to support them in achieving their sustainability ambitions.”

*In 2023, Teknos achieved a 95% reduction in the amount of REACH SVHC relative to total raw material consumption (vs 2018 baseline).

**LTIFR: the number of incidents resulting in at least one full day of absence per one million hours worked.

***Since its founding in 2007, EcoVadis has grown to become one of the largest and most trusted provider of business sustainability ratings, creating a global network of more than 130,000 rated companies. Their methodology is built on international sustainability standards, including the Global Reporting Initiative, the United Nations Global Compact, and the ISO 26000, covering 220+ spend categories and 180+ countries.