February 23, 2024

EcoVadis Secures $500m funding led by Common Atlantic enterprise

EcoVadis, the main supplier of worldwide trusted enterprise sustainability rankings, has raised $500M with plans to speed up its imaginative and prescient of influencing each enterprise resolution with sustainability intelligence, changing into a sustainability influence unicorn.

The worldwide funding spherical – the biggest fairness fundraising for a sustainability information SaaS firm so far – brings EcoVadis’ whole capital raised to over $725M and was led by Astorg and BeyondNetZero, Common Atlantic’s local weather investing enterprise, with participation from Singapore-based GIC Personal Restricted and Princeville Capital.

“This funding is validation of EcoVadis’ mannequin for scaling influence throughout international worth chains, regardless of the pandemic, geopolitical or monetary headwinds,” mentioned Frédéric Trinel, co-founder and co-CEO of EcoVadis. “We proceed to expertise document demand as extra corporations 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 corporations – together with SMEs and personal corporations – at any stage of their sustainability journey, and collaboratively drive enchancment in practices and influence at scale.”

Greater than 95,000 companies throughout 200 trade classes and 175 nations depend on EcoVadis to observe and enhance the sustainability efficiency of their very own enterprise and buying and selling companions. Immediately, EcoVadis – a pioneer in the usage of sustainability intelligence in procurement and international provide chains – is used throughout a rising variety of use instances, together with Scope 3 carbon emissions administration, personal fairness, ESG-linked loans, provide chain finance, third-party danger and resilience and extra.

“Now we have tracked EcoVadis for a few years and have been impressed with its sturdy management place and observe document of quick international development,” mentioned Benoit Ficheur, Accomplice at Astorg. “Additional, Astorg has been the primary personal fairness consumer of EcoVadis, utilizing its companies to evaluate and measure our portfolio corporations’ ESG efficiency and to lift sustainability-linked financing. This partnership has had a transformative influence throughout our portfolio, contributing to creating Astorg one of many leaders in ESG and sustainability throughout the personal fairness world. Going ahead we see very significant alternatives to help the corporate in its ambition to turn into the usual for personal fairness and finance.”

See also  NFT platform FUEL pronounces funding from German rap superstars