Textile chemicals specialist Archroma has been awarded the EcoVadis Gold rating in corporate social responsibility (CSR) 2020, which the company says places it within the top 5% of the best rated companies in its industry.

Archroma was evaluated by EcoVadis, an organisation specialised in assessing the CSR performance of companies on a global basis. The assessment focuses on 21 criteria, which are grouped into four themes: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement.

"For Archroma, sustainability is a process of bringing continued improvement to our societal, environmental and economic performance, and that of our customers," says CEO Heike van de Kerkhof. "We are extremely proud of this first Gold rating by EcoVadis, which is a strong encouragement that we are heading to the right direction in the way we run our own operations."

Archroma was undergoing the assessment for the third year and had set itself the target to reach the EcoVadis Gold rating. The company says it will use the report to further improve its CSR performance and target setting.

Earlier this year, EcoVadis agreed a US$200m investment from private equity firm CVC Growth Partners II to enable it to scale globally and engrain sustainability, fair labour practices and ethics into enterprise supply chains and business commerce.