(Alliance News) - Amplifon Spa announced Wednesday that it has adopted the EcoVadis platform to assess and incentivize continuous improvement of its suppliers' environmental, social and governance practices.

The initiative is consistent with the company's sustainable procurement strategy, in line with the targets of its sustainability plan, particularly its ESG supplier assessment and decarbonization targets. The plan, announced in March, specifically calls for achieving 100 percent ESG rating of direct suppliers and 50 percent of indirect suppliers per spend by 2026.

Through EcoVadis, Amplifon will deepen its suppliers' ESG practices, identifying areas for improvement and promoting concrete actions to reduce environmental and social impacts. The platform will be used both to identify sustainability "best performers" to collaborate with and to support small and medium-sized companies on their improvement journey.

"This initiative is an important step in integrating sustainability criteria into the supplier selection and qualification process. The partnership with EcoVadis is key to accelerating our sustainable procurement program and expanding its scope, involving an increasing number of strategic partners," said Cristian Finotti, Amplifon's Chief Procurement & Supply Chain Officer.

"We are happy to join Amplifon on a path of raising awareness and engaging suppliers on ESG issues. Through the use of our platform, we will be able to deliver to Amplifon useful tools for a global supply chain impact assessment," explained Giulia Borsa, Regional Team Leader of EcoVadis.

Amplifon will assess the most strategic and relevant suppliers to its business globally in all geographies in which it operates. The assessments will not be limited to hearing aid suppliers but will extend to all key players in the company's value chain, including "core" goods and services such as marketing, IT, retail, logistics and construction.

"The adoption of EcoVadis demonstrates the company's strong commitment to sustainable procurement practices and underscores the leadership role Amplifon intends to take in the hearing care industry supply chain, with a focus on engaging its suppliers," Amplifon said.

Amplifon's stock is down 1.1 percent at EUR30.08 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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