Barcelona, Spain | 23 November 2020
Vytrus Biotech, the company specialized in active ingredients derived from plant stem cells for the cosmetic industry, has been evaluated for the first time and recognized by EcoVadis with the 2020 Silver Medal for its good practices in terms of sustainability, actions, processes, and Corporate Social Responsibility systems.
The biotech company has stood out in the areas of the environment, and labor practices and human rights. These aspects have made the company deserving of the Silver Medal for its achievements in sustainability, a score achieved only by the 25% of the companies evaluated worldwide.
This worldwide recognition provides a reliable assessment of Vytrus Biotech's CSR and represents a guarantee of high quality for partners and customers. The organization attaches importance to sustainability issues, for that reason, its challenge is to achieve a leadership position in the sector, improving the scores obtained in the next evaluations.
According to Albert Jané, CEO, COO, and co-founder of Vytrus Biotech: “This recognition represents a great pride for the company, which has placed sustainability at the heart of the business since its conception. It is the result of the effort made by the entire Vytrus team, committed to this core value of our strategy”.
EcoVadis, the only universal provider of sustainability ratings, assesses the sustainability practices of more than 65,000 companies in more than 160 countries. It provides a complete set of performance improvement tools, indicators, certificates, and awards EcoVadis medals.
The methodology applied by EcoVadis covers seven management indicators based on 21 sustainability criteria focused on four areas: environment, labor and human rights, ethics, and sustainable purchasing. It is based on the main standards, such as those of the GRI (Global Reporting Initiative), the UN Global Compact and the ISO 26000 standard, and is supervised by an international scientific committee. They rate performance by evaluating a company's policies, actions, and results, as well as input from third-party professionals and external stakeholders.
Vytrus Biotech is a company specialised in the development, production and commercialization of high added value active ingredients based on plant stem cell culture technology for cosmetic and dermocosmetic industry. Positioning as a pioneer in the use of this technology for business purposes gives Vytrus Biotech a solid foundation on which to build a sustainable competitive advantage. Through this technology, it is possible to obtain natural, patentable and efficient products. Vytrus has a team of more than 20 employees in its headquarters in Terrassa (Barcelona, Spain) and is present in Europe, USA, LATAM and Asia, among others, through its international network of distributors.
The biotech company has been awarded with ‘Best Ingredient Award’ worldwide at In-cosmetics Global 2020 for its two new ingredients: Kannabia Sense and Deobiome Noni. www.vytrus.com