How Biyiud EcoRating works for businesses

EcoRating Biyiud is an impartial classification of companies that enables consumers to make more informed and sustainability-aligned purchasing decisions.

It is based on real information about sustainability and the social and environmental impact that companies have through their processes, products, or services, and across their suppliers, employees, and customers.

Sustainability with no filters

How can consumers confirm that a company is truly sustainable? It's a really difficult task, and in favor of transparency, it's not enough for the company to report it. Impartial mechanisms are needed to synthesize the existing information overload, to transform it into a clear message, and furthermore to prioritize the consumer as the axis of the economy, growth, and sustainable development.

In this context, the EcoRating Biyiud aims to help consumers make positively impactful purchasing decisions by enabling them to easily identify the most sustainable companies in the market. This classification allows them to recognize sustainability elements that previously went unnoticed, such as their own participation in the impact of companies.

We then speak of "real sustainability" in the Biyiud EcoRating because this indicator presents unique advantages so that consumers identify companies with a comprehensive positive impact:

  • It is independent: Companies do not influence the EcoRating decision beyond their own improvement in positive impact and sustainability matters.
  • It combats Greenwashing: It takes into account real information about companies' impact.
  • It works in real-time: It continuously feeds on companies' relationship with society and the environment.
  • It includes the final consumer: It is empowered by the final activity of sustainable consumption.

How Biyiud EcoRating works for businesses

The EcoRating Biyiud is at the core of the Biyiud system. This innovative indicator reflects the accumulation of EcoValue points that market agents exchange in their sustainable consumption and production economic interactions. In the case of companies, it reflects the accumulation of EcoValue from the following sources:

  1. Certifications guaranteeing the sustainability of processes, products, and services.
  2. Non-financial information on Corporate Social Responsibility and results in ESG (Environmental, Social, and Governance) criteria.
  3. Suppliers of products and services.
  4. Employees, when they carry out positive impact actions outside the company's business.
  5. Customers, whether individuals or other companies.

The application of the EcoRating Biyiud in the corporate sector is an evolution of current company rating and classification systems by including the measurement of their certifications, evaluating their interaction with their environment's agents, and being able to provide real-time results.

The graphical result of the EcoRating Biyiud is the normalized value between 0.1 and 5 of the accumulated EcoValue points that each company obtains compared to other companies in the same sector. The company with the most accumulated Biyiud EcoValue points obtains a 5 in the EcoRating, and the company with the fewest Biyiuds obtains a 0.1.

Companies improve their EcoRating by expanding their sustainability certifications, enhancing the non-financial information of their processes, acquiring products and services from suppliers linked to the Biyiud system, incentivizing positive impact actions in their employees, and attracting and retaining customers who carry out positive impact actions with Biyiud.