EcoVadis, the main supplier of worldwide trusted enterprise sustainability scores, has raised $500M with plans to speed up agen bola its imaginative and prescient of influencing each enterprise determination with sustainability intelligence, turning into a sustainability impression unicorn.
The worldwide funding spherical – the most important fairness fundraising for a sustainability information SaaS firm so far – brings EcoVadis’ complete capital raised to over $725M and was led by Astorg and BeyondNetZero, Normal Atlantic’s local weather investing enterprise, with participation from Singapore-based GIC Non-public Restricted and Princeville Capital.
“This funding is validation of EcoVadis’ mannequin for scaling impression throughout international worth chains, regardless of the pandemic, geopolitical or monetary headwinds,” stated Frédéric Trinel, co-founder and co-CEO of EcoVadis. “We proceed to expertise document demand as extra firms are empowered to combine the planet and society into their enterprise operations. We anticipate this funding to allow us to construct on our traction to fulfill firms – together with SMEs and personal firms – at any stage of their sustainability journey, and collaboratively drive enchancment in practices and impression at scale.”
Greater than 95,000 companies throughout 200 trade classes and 175 nations depend on EcoVadis to watch and enhance the sustainability efficiency of their very own enterprise and buying and selling companions. At the moment, EcoVadis – a pioneer in using sustainability intelligence in procurement and international provide chains – is used throughout a rising variety of use circumstances, together with Scope 3 carbon emissions administration, non-public fairness, ESG-linked loans, provide chain finance, third-party threat and resilience and extra.
“We have now tracked EcoVadis for a few years and have been impressed with its robust management place and monitor document of quick international progress,” stated Benoit Ficheur, Companion at Astorg. “Additional, Astorg has been the primary non-public fairness consumer of EcoVadis, utilizing its companies to evaluate and measure our portfolio firms’ ESG efficiency and to lift sustainability-linked financing. This partnership has had a transformative impression throughout our portfolio, contributing to creating Astorg one of many leaders in ESG and sustainability throughout the non-public fairness world. Going ahead we see very significant alternatives to help the corporate in its ambition to change into the usual for personal fairness and finance.”
