Sweden Ranks Second in Corporate Sustainability Efforts in Europe
Sweden has achieved second place in Europe for corporate sustainability, according to EcoVadis's latest report.
Key Points
- • Sweden ranked second in corporate sustainability in Europe, just behind Finland.
- • EcoVadis assessed 49,000 companies globally, noting a 167% increase in evaluations since 2020.
- • Sustainable procurement is identified as a significant weakness for top-ranked countries.
- • Actual actions and follow-up are necessary for improving sustainability scores.
In a recent report by EcoVadis, Sweden has been recognized for its strong position in corporate sustainability, ranking second in Europe, just behind Finland. This report evaluates sustainability efforts of companies globally based on 49,000 assessments across 150 countries made in 2024. It reveals that, while overall global interest in sustainability is on the rise—with a remarkable 167% increase in assessments since 2020—Europe maintains the highest average scores among regions, reflecting its commitment to structured sustainability practices.
The evaluation considers various categories including environmental impact, labor conditions, ethics, and sustainable procurement. Although Sweden excels in several of these areas, the report highlights that sustainable procurement remains a significant weakness. Many Swedish companies still lag in aligning their procurement practices with sustainability goals, indicating room for further improvement. EcoVadis pointed out that achieving higher rankings requires not just well-defined policies but also concrete actions and consistent follow-up to ensure progress.
As Swedish businesses strive to improve their sustainability credentials, they must prioritize effective implementation and collaboration to sustain their competitive edge within Europe’s evolving corporate responsibility landscape.