Sustainability data and tech startup ESG Book closes $35m Series B to advance its next-gen technology capabilities

Sustainability data and tech startup ESG Book closes $35m Series B to advance its next-gen technology capabilities

Published: 29-06-2022 13:58:00 | By: Pie Kamau | hits: 306 | Tags:

ESG Book, a global player in sustainability data and technology, announced it has closed $35 million in Series B funding. The new capital will be used to advance ESG Book's next-generation technology capabilities, enabling clients to meet increasingly complex sustainability requirements, and accelerate the company's expansion as it responds to growing demand for technology-enabled ESG data solutions.

The round was led by Energy Impact Partners (EIP), a global investment firm leading the transition to a sustainable future, alongside global sustainability leader Meridiam and Allianz X, the digital investments arm of leading global insurer and asset manager Allianz.

Daniel Klier, CEO, ESG Book: "Investors, companies, and all market participants are today demanding better, technology-enabled solutions in order to direct capital towards more sustainable and higher impact assets. ESG Book is disrupting how sustainability is integrated and measured on a global scale by using next-generation technology that makes ESG data accessible, comparable and transparent. By partnering with three of the world's leading sustainability-conscious investors, EIP, Meridiam, and Allianz X, we are excited about the next chapter of our company's growth as we scale ESG Book's platform and services worldwide."

With the ESG data and services market expected to grow to $5 billion globally by 2025, the Series B investment will be used to fuel adoption of ESG Book's industry-leading data platform, and further the company's continued expansion into new products areas.

Nazo Moosa, Managing Partner, Europe, Energy Impact Partners: "We are delighted to welcome ESG Book to our family of companies that empower the transition to net zero and support the principles of sustainability. ESG Book marks the tenth investment by Energy Impact Partners in Europe, and this partnership is driven by a shared vision for radical transparency in sustainability data. We look forward to supporting the tremendous momentum of the company as it builds the world's leading ESG data platform."

The company's cloud-based platform makes ESG data accessible, consistent, and transparent, enabling financial markets to allocate capital towards more sustainable and higher impact assets. Covering over 25,000 companies globally, ESG Book enables companies to be custodians of their own data, provides framework-neutral sustainability information in real-time, and promotes transparency.

Thierry Deau, Founder and CEO, Meridiam: "ESG Book is a platform with the potential to transform the way ESG data is processed by the financial world. We believe it will substantially increase the quality and availability of ESG information to direct financing flows in accordance with sustainable development goals and the Paris Agreement. As impact investors since inception, Meridiam has been confronted with the lack of data transparency and has developed strong expertise in impact measurement. Through this investment by the Green Impact Growth Fund, we will further contribute to the field by helping ESG Book become the reference player in the sustainability data field."

www.esgbook.com