EcoVadis Acknowledges Redwood Logistics for Sustainability Excellence – Redwood Logistics : Redwood Logistics
–Sustainability technique propels Redwood into high 50 p.c of all business individuals surveyed by EcoVadis–
CHICAGO – April 27, 2023 – Redwood Logistics (Redwood), one of many fastest-growing provide chain and logistics firms in North America and innovators of Logistics Platform as a Service (LPaaS), introduced immediately that the corporate has been awarded a Bronze EcoVadis Medal in recognition of 2022 sustainability achievements and progress towards ESG (Environmental, Social, Governance) aims, together with growth of its proprietary Redwood Hyperion sustainability and carbon monitoring software. Redwood accomplished the evaluation throughout the transportation help class and positioned within the 62nd percentile of all firms surveyed by EcoVadis.
“The power to fulfill our carbon and environmental objectives units the muse for our prospects and their potential to fulfill their objectives,” stated Mike Reed, Chief Product Officer, Redwood. “Implementing and creating instruments that assist the circulate of sustainability knowledge and enhance determination making permits for us to carry true to our sustainability values. Receiving the EcoVadis Bronze Medal corroborates the successes that we’ve made so far, with extra efforts and innovation nonetheless to come back.”
EcoVadis measures individuals in 4 classes: surroundings (operational elements and stewardship), labor & human rights (inside and exterior human rights points), ethics (corruption and bribery points) and sustainable procurement (social & environmental points in firm provide chains).
Redwood’s environmental insurance policies on greenhouse gasoline (GHG) emissions & power consumption, labor & human rights insurance policies, complete ethics insurance policies and environmental subject integration into provider contracts have been all acknowledged as coverage and motion strengths by EcoVadis of their respective classes.
For instance, Redwood diminished asset fleet carbon output by 1.7 million kilos in 2022 by means of a fleet modernization initiative aligned to the SmartWay packages’ tips, which matched the same development with third-party managed options that diminished carbon output by over 75 million kilos by means of LTL consolidation every quarter final yr. Redwood’s potential to materially analyze and supply that kind of anchored, data-driven sustainability reporting at a person buyer stage is a energy as a companion in driving ahead shippers’ ESG aims and acknowledged by means of the EcoVadis evaluation scoring.
Particularly, Redwood’s 2022 beta rollout of Redwood Hyperion contributed closely to the corporate’s excessive rating forward of the 2023 launch to the broader market. Redwood Hyperion, which additionally just lately obtained the SEAL Sustainable Product Award, automates detailed load-by-load emissions calculations, offers provide chain emissions metrics & analytics, and helps carbon-neutral initiatives by facilitating carbon credit score purchases towards verified initiatives.
“As we launch new applied sciences and capabilities, like Redwood Hyperion, we glance to strengthen our scores in every of the scoring classes and additional reveal our dedication to being a accountable transportation companion,” added Reed. “By means of our suite of recent 4PL logistics execution and provide chain orchestration companies, we’re in a position to assist shippers transfer freight sustainably and make environmentally aware choices to positively influence their provide chains and share with their shoppers.”
As sustainability expectations evolve, shippers are more and more requesting EcoVadis scores as part of their procurement course of. Redwood will proceed to substantiate sustainability outcomes and is dedicated as a accountable employer and transportation companion with company ESG aims being guided by the Sustainability Accounting Requirements Board (SASB) framework.
For extra particulars on the EcoVadis sustainability medals and scoring, go to https://ecovadis.com/. To take a look at a demo of Redwood Hyperion and study extra about how Redwood can assist shippers meet their sustainability and carbon accounting objectives, go to https://www.redwoodlogistics.com/service/innovate/redwood-hyperion/.
About Redwood
Redwood Logistics, a number one logistics platform firm and trendy 4PL headquartered in Chicago, has offered options for transferring and managing freight for greater than 21 years. The corporate’s various portfolio consists of digital freight brokerage and versatile freight administration all wrapped right into a revolutionary logistics and know-how supply mannequin—Logistics Platform as a Service (LPaaS). LPaaS makes use of an open platform for digital logistics that empowers shippers to seamlessly mix-and-match companions, applied sciences and options into their very own distinctive digital provide chain fingerprint. Redwood connects a variety of shoppers to the facility of provide chain administration, know-how and the business’s brightest minds. For extra data, go to www.redwoodlogistics.com.
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Media Contact:
Tyler Thornton
LeadCoverage
tyler@leadcoverage.com
