# EcoVadis
EcoVadis is a Paris-based company, founded in 2007, that produces sustainability ratings for businesses, mainly so that large corporate buyers can assess the environmental, social, and ethical performance of their suppliers.[1](https://ecovadis.com/about-us/) It remains independently operating, backed by growth investors, with nearly 2,000 employees across fifteen offices as of 2026.[2](https://resources.ecovadis.com/news-press/ecovadis-joins-the-french-tech-next-40-class-of-2026-for-the-fourth-consecutive-year)
| Key facts | |
|---|---|
| Founded | Paris, 2007, by Frédéric Trinel and Pierre-François Thaler[2](https://resources.ecovadis.com/news-press/ecovadis-joins-the-french-tech-next-40-class-of-2026-for-the-fourth-consecutive-year) |
| Business | Business sustainability ratings and supplier engagement platform[3](https://www.reuters.com/business/sustainable-business/sustainability-data-firm-ecovadis-joins-1-bln-club-after-fundraising-2022-06-14/) |
| Methodology | 21 indicators in four themes, aligned to GRI, UN Global Compact, and ISO 26000, covering 250+ spend categories in 185+ countries[1](https://ecovadis.com/about-us/) |
| Total funding | Over $725 million, including c. $200M from CVC Growth Partners II (Jan 2020) and $500M led by Astorg and BeyondNetZero (June 2022)[4](https://www.businesswire.com/news/home/20200109005397/en/EcoVadis-Secures-c.-%24200M-Investment-from-CVC-Growth-Partners-to-Accelerate-Adoption-of-Sustainability-Ratings-Throughout-the-Globalised-Economy) • [5](https://resources.ecovadis.com/news-press/ecovadis-secures-500m-investment-to-usher-in-new-era-of-sustainability-led-business-decisions) |
| Valuation | Above $1 billion after the June 2022 round (per Reuters)[3](https://www.reuters.com/business/sustainable-business/sustainability-data-firm-ecovadis-joins-1-bln-club-after-fundraising-2022-06-14/) |
| Network size | More than 175,000 companies evaluated since creation; $2.5 trillion in procurement spend influenced in 2025 (company-reported)[2](https://resources.ecovadis.com/news-press/ecovadis-joins-the-french-tech-next-40-class-of-2026-for-the-fourth-consecutive-year) |
| Employees | Nearly 2,000 across fifteen offices (2026, company-reported)[2](https://resources.ecovadis.com/news-press/ecovadis-joins-the-french-tech-next-40-class-of-2026-for-the-fourth-consecutive-year) |
| Status | Active and independent; CVC was its largest institutional shareholder after 2022 (company statement)[5](https://resources.ecovadis.com/news-press/ecovadis-secures-500m-investment-to-usher-in-new-era-of-sustainability-led-business-decisions) |
## What EcoVadis does
The company rates companies on environmental, social, and governance (ESG) performance and helps them plan improvements to their score.[3](https://www.reuters.com/business/sustainable-business/sustainability-data-firm-ecovadis-joins-1-bln-club-after-fundraising-2022-06-14/) Its output is a Sustainability Scorecard covering 21 indicators in four themes (environment, labor and human rights, ethics, and sustainable procurement, according to the company), built on the Global Reporting Initiative, the [United Nations Global Compact](https://www.edgepedia.org/united-nations-global-compact), and ISO 26000 standards and spanning more than 250 spend categories in 185+ countries.[1](https://ecovadis.com/about-us/) EcoVadis says each assessment combines AI-driven analysis with review by more than 500 in-house sustainability analysts.[1](https://ecovadis.com/about-us/)
## Founding and history
EcoVadis was founded in Paris in 2007 by Frédéric Trinel and Pierre-François Thaler.[2](https://resources.ecovadis.com/news-press/ecovadis-joins-the-french-tech-next-40-class-of-2026-for-the-fourth-consecutive-year) The company joined the French Tech program in 2020 and, following a record $500 million fundraising, became what it describes as the 27th French unicorn in 2022.[2](https://resources.ecovadis.com/news-press/ecovadis-joins-the-french-tech-next-40-class-of-2026-for-the-fourth-consecutive-year) Its own timeline records the acquisition of the Ulula worker-voice solution and growth past 100,000 active rated subscribers.[1](https://ecovadis.com/about-us/) The assessed network grew from more than 60,000 companies across 155 countries in early 2020[4](https://www.businesswire.com/news/home/20200109005397/en/EcoVadis-Secures-c.-%24200M-Investment-from-CVC-Growth-Partners-to-Accelerate-Adoption-of-Sustainability-Ratings-Throughout-the-Globalised-Economy) to more than 95,000 businesses in 200 industry categories and 175 countries by mid-2022,[3](https://www.reuters.com/business/sustainable-business/sustainability-data-firm-ecovadis-joins-1-bln-club-after-fundraising-2022-06-14/) and past 175,000 companies evaluated cumulatively by 2026.[2](https://resources.ecovadis.com/news-press/ecovadis-joins-the-french-tech-next-40-class-of-2026-for-the-fourth-consecutive-year)
## Funding and investors
EcoVadis's documented funding rounds are:
- **2016** — investment from [Partech](https://www.edgepedia.org/partech) (company press release).[5](https://resources.ecovadis.com/news-press/ecovadis-secures-500m-investment-to-usher-in-new-era-of-sustainability-led-business-decisions)
- **January 2020** — c. $200 million from CVC Growth Partners II, described in the announcement as one of the largest investments in the ESG space to date.[4](https://www.businesswire.com/news/home/20200109005397/en/EcoVadis-Secures-c.-%24200M-Investment-from-CVC-Growth-Partners-to-Accelerate-Adoption-of-Sustainability-Ratings-Throughout-the-Globalised-Economy)
- **February 2020** — minority strategic investment from [Bain & Company](https://www.edgepedia.org/bain-and-company).[5](https://resources.ecovadis.com/news-press/ecovadis-secures-500m-investment-to-usher-in-new-era-of-sustainability-led-business-decisions)
- **June 2022** — $500 million led by Astorg and BeyondNetZero, General Atlantic's climate investing venture, with participation from Singapore-based GIC and Princeville Capital's Climate Technology Fund, bringing total capital raised to over $725 million; the company called it the largest equity fundraising for a sustainability data SaaS company to date.[5](https://resources.ecovadis.com/news-press/ecovadis-secures-500m-investment-to-usher-in-new-era-of-sustainability-led-business-decisions) (EcoVadis's own company timeline lists the 2022 round in euros as 500M€ by [General Atlantic](https://www.edgepedia.org/general-atlantic) and Astorg.[1](https://ecovadis.com/about-us/)) Reuters reported the round took EcoVadis into the $1 billion valuation club, one of the sustainability-data sector's first unicorns.[3](https://www.reuters.com/business/sustainable-business/sustainability-data-firm-ecovadis-joins-1-bln-club-after-fundraising-2022-06-14/)
The company's press release states that after the 2022 round CVC remained the largest institutional shareholder, so the 2022 financing did not change control.[5](https://resources.ecovadis.com/news-press/ecovadis-secures-500m-investment-to-usher-in-new-era-of-sustainability-led-business-decisions)
## Business and traction
At the time of the CVC investment, more than 450 enterprises representing over $2.5 trillion in business spending relied on EcoVadis's supplier ratings and engagement platform.[4](https://www.businesswire.com/news/home/20200109005397/en/EcoVadis-Secures-c.-%24200M-Investment-from-CVC-Growth-Partners-to-Accelerate-Adoption-of-Sustainability-Ratings-Throughout-the-Globalised-Economy) The company reported that in the 12 months to mid-2022 revenue grew 50% and its workforce reached 1,300 employees.[5](https://resources.ecovadis.com/news-press/ecovadis-secures-500m-investment-to-usher-in-new-era-of-sustainability-led-business-decisions)
Its 2025 figures (company-reported, in its May 2026 Purpose Report) include 25,852 new companies using its Sustainability Ratings, 55,838 companies reporting at least one greenhouse gas metric, 251,613 active worker-voice users, fivefold growth in registrations for its Vitals product, and more than $2.5 trillion in global spend connected to its sustainability insights.[6](https://resources.ecovadis.com/news-press/ecovadis-reports-2-5t-in-global-spend-now-governed-through-sustainability-risk-insights-as-companies-shift-from-compliance-to-resilience) Companies returning for repeat assessments improved their scores by an average of 15 points in 2025, according to the same report.[6](https://resources.ecovadis.com/news-press/ecovadis-reports-2-5t-in-global-spend-now-governed-through-sustainability-risk-insights-as-companies-shift-from-compliance-to-resilience)
## Recent developments
In 2026 EcoVadis was selected for the French Tech Next 40 for the fourth consecutive year, with nearly 2,000 employees across fifteen offices worldwide.[2](https://resources.ecovadis.com/news-press/ecovadis-joins-the-french-tech-next-40-class-of-2026-for-the-fourth-consecutive-year) The company describes methodology updates including new carbon data reliability checks to improve [Scope 3](https://www.edgepedia.org/scope-3) reporting integrity with primary data, and full integration of human rights data from its worker-voice products (the acquired Ulula capability) into the Sustainability Ratings platform.[6](https://resources.ecovadis.com/news-press/ecovadis-reports-2-5t-in-global-spend-now-governed-through-sustainability-risk-insights-as-companies-shift-from-compliance-to-resilience)
## References
1. [About Our Company | EcoVadis](https://ecovadis.com/about-us/)
2. [EcoVadis Joins the French Tech Next 40 Class of 2026 for the Fourth Consecutive Year (EcoVadis press release, 2026)](https://resources.ecovadis.com/news-press/ecovadis-joins-the-french-tech-next-40-class-of-2026-for-the-fourth-consecutive-year)
3. [Sustainability data firm EcoVadis joins $1 billion club after fundraising (Reuters, June 14, 2022)](https://www.reuters.com/business/sustainable-business/sustainability-data-firm-ecovadis-joins-1-bln-club-after-fundraising-2022-06-14/)
4. [EcoVadis Secures c. $200M Investment from CVC Growth Partners (Business Wire, Jan 9, 2020)](https://www.businesswire.com/news/home/20200109005397/en/EcoVadis-Secures-c.-%24200M-Investment-from-CVC-Growth-Partners-to-Accelerate-Adoption-of-Sustainability-Ratings-Throughout-the-Globalised-Economy)
5. [EcoVadis Secures $500M Investment (EcoVadis press release, June 14, 2022)](https://resources.ecovadis.com/news-press/ecovadis-secures-500m-investment-to-usher-in-new-era-of-sustainability-led-business-decisions)
6. [EcoVadis Reports $2.5T in Global Spend Now Governed Through Sustainability Risk Insights (EcoVadis press release, May 2026)](https://resources.ecovadis.com/news-press/ecovadis-reports-2-5t-in-global-spend-now-governed-through-sustainability-risk-insights-as-companies-shift-from-compliance-to-resilience)
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*Initially written Sep 17, 2026 · Edited: Oct 11, 2026; Oct 15, 2026*
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