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Companies of all sizes improved their sustainability performance over the past five years, the most businesses on record are participating in sustainability ratings, and after years of fluctuations, some improvement is being made in supply chain environmental impacts, according to a report from EcoVadis.
EcoVadis released its sixth Business Sustainability Risk and Performance Index. The business sustainability ratings provider found that 65% of companies are achieving a performance level of good or better, up from 50% in 2017. Additionally, the number of companies with partial sustainability performance fell from 45% in 2017 to 32% in 2021.