Xsys achieves EcoVadis 2022 silver medal rating

The award is for producing the sustainable solutions

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Xsys has received a silver medal rating for its sustainability performance from EcoVadis
Xsys has received a silver medal rating for its sustainability performance from EcoVadis

Xsys Germany has been rated in the top 10% of manufacturing facilities in the paints, varnishes and similar coatings, printing ink and mastics industry category, receiving a silver medal rating for its sustainability performance from EcoVadis. 

“This rating reflects the commendable achievements of the Xsys team and all the hard work that goes into our mission to bring brilliance to the printing industry with our flexographic and letterpress plates,” said Dagmar Schmidt, CEO of Xsys. “Furthermore, it goes beyond our commitment to protecting the environment by evaluating our dedication to social responsibility, diversity, and human rights.”

With sustainability increasingly viewed as a core demand from customers and a source of competitive advantage, there is an increasing demand for more scrutiny and transparency around products and practices. Companies are more than ever adopting and integrating corporate social responsibility principles into their procurement processes and decisions to respond to new demands and future-proof their businesses.

“The EcoVadis Silver Medal rating gives our customers a clear picture of where we as a company stand in our sustainability performance compared to our peers in the industry and above all also gives us a clear guidance where there is improvement potential,” explains Friedrich von Rechteren, global commercial vice president at Xsys. “We believe our active engagement with the rating process guides and accelerates Xsys’s sustainability journey. Furthermore, it continues to create a strong platform to drive performance improvement for the benefit of our customers.”

He adds, “However, at Xsys, we never rest on our laurels and will continue to improve across all categories ahead of the next EcoVadis assessment later this year. This endeavor is about being completely transparent in everything we do, and the ultimate goal is, of course, to secure a gold medal.”

Xsys Germany received the award for four themes 

The EcoVadis assessment results from Xsys’s strong commitment to the environment and ethical operation. Data shows that companies that have been assessed by EcoVadis at least three times have grown their sustainability management practices at an above-average rate and shown year-on-year improvement across sustainability themes. 

As part of the process, Xsys Germany was rated across four themes – Environment, Labor and Human Rights, Ethics, and Sustainable Procurement. It received an overall high score of 61 out of 100, which puts the site in the 91st percentile in its industry. The strongest scores (70/100) were given in the ethics category (which looks at elements such as corruption, anti-competitive practices, reliable information, and management) and in the environment category, where operations and products are analyzed in detail.

EcoVadis is the world’s most trusted provider of business sustainability ratings, intelligence, and collaborative performance improvement tools for global supply chains. Rating companies’ sustainability performance across 21 criteria is a collaborative platform that allows companies to focus on performance and find a clear direction of continuous improvement. Its methodology is based on international sustainability standards (Global Reporting Initiative, United Nations Global Compact, ISO 26000) and supervised by a scientific committee of sustainability and supply chain experts to ensure reliable third-party sustainability assessments.

2023 promises an interesting ride for print in India

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. While the print and packaging industries have been resilient in the past 33 months since the pandemic lockdown of 25 March 2020, the commercial printing and newspaper industries have yet to recover their pre-Covid trajectory.

The fragmented commercial printing industry faces substantial challenges as does the newspaper industry. While digital short-run printing and the signage industry seem to be recovering a bit faster, ultimately their growth will also be moderated by the progress of the overall economy. On the other hand book printing exports are doing well but they too face several supply-chain and logistics challenges.

The price of publication papers including newsprint has been high in the past year while availability is diminished by several mills shutting down their publication paper and newsprint machines in the past four years. Indian paper mills are also exporting many types of paper and have raised prices for Indian printers. To some extent, this has helped in the recovery of the digital printing industry with its on-demand short-run and low-wastage paradigm.

Ultimately digital print and other digital channels will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future. For instance, there is no alternative to a rise in textbook consumption but this segment will only reach normality in the next financial year beginning on 1 April 2023.

Thus while the new normal is a moving target and many commercial printers look to diversification, we believe that our target audiences may shift and change. Like them, we will also have to adapt with agility to keep up with their business and technical information needs.

Our 2023 media kit is ready, and it is the right time to take stock and reconnect with your potential markets and customers. Print is the glue for the growth of liberal education, new industry, and an emerging economy. We seek your participation in what promises to be an interesting ride.

– Naresh Khanna

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