Nationwide has announced a partnership with business sustainability ratings provider, EcoVadis, as the building society aims to create more sustainable supply chains.

The society revealed it will utilise EcoVadis’ supplier sustainability rating system to add another layer of insight when evaluating potential new suppliers.

Nationwide has already been working with suppliers and industry organisations to improve the sustainability of its supply chains, with programme partners including carbon consultancy Carbon Intelligence, Social Enterprise UK and anti-slavery charity Unseen.

The new partnership with EcoVadis is the latest step in the society’s procurement ambitions, which it stated are centred on building “a more diverse, ethical and green supply chain”.

Nationwide chief procurement office, Imran Rasul, commented: “As a mutual founded with a social purpose, responsible business is in our DNA and we expect our supply chain to align with our values and to share our commitment to sustainability.

“We’re proud to partner with EcoVadis as we build the next phase of our procurement strategy, which will enable us to build more sustainable supply chains and be a leading voice on sustainable procurement.”

EcoVadis regional sales director, Lazar Armianov, added: “Nationwide’s ambition to build a more diverse, ethical and greener supply chain is the type of change we want to help companies achieve within their journeys toward a more sustainable future. We’re excited to start this partnership with Nationwide to help its team take these goals to the next level.”

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