Materials maker Chroma Color Corp. has received a silver medal in the EcoVadis Sustainability Assessment.
In a news release, officials with Chroma in McHenry, Ill., said that the silver rating demonstrates the firm's strong sustainability practices and measures to reduce its environmental impact, promote social responsibility and ensure ethical business practices. They added that the rating also signifies that Chroma "is making significant efforts" to integrate sustainability into its operations.
Chroma's silver medal places the firm among the top 25 percent of organizations evaluated by EcoVadis. In 2022, Chroma had received a bronze rating from EcoVadis.
Jennifer Presnell, Chroma corporate quality and regulatory manager, said that after receiving the bronze award last year, the Chroma team "worked together to implement more policies, programs and improvements reflective of a solid ESG (environmental, social and governance) program that we are building."
"We implemented programs to become more cognizant of the use of our resources, such as reduction of water usage, improving air quality, reuse of scrap materials and reduction of electricity usage," she added.
CEO Shruti Singhal said that as Chroma moves forward, "our team will continue to focus on driving measurable improvements in each area."
EcoVadis is an independent rating agency that assesses environmental, social and ethical performance across various industries worldwide. The assessment covers a range of criteria, including environmental impact, labor and human rights, fair business practices, and sustainable procurement.
Chroma supplies specialty color and additive concentrates. Its markets include health care, consumer products, packaging and pharmaceuticals. Since 2018, Chroma has made nine acquisitions, most recently acquiring color concentrates maker J. Meyer & Sons Inc. of West Point, Pa., in late 2021.