Sustainability data and technology company ESG Book has closed £29 million in Series B funding.
Incubated by sustainable finance firm Arabesque in 2018, ESG Book combines tech and proprietary research into a cloud-based platform to make environmental, social and governance data accessible, consistent and transparent, enabling financial markets to allocate capital towards more sustainable and higher impact assets.
Covering over 25,000 companies globally, its solutions are used by many of the world’s leading financial organisations which collectively manage over $120 trillion.
The company has offices in London, Frankfurt, Boston, Singapore, Delhi and Tokyo and serves clients worldwide from offices in Asia, Europe and North America.
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.
“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,” said Dr Daniel Klier, CEO, HSBC’s former global head of sustainability.
“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.”
Nazo Moosa, managing partner, Europe at Energy Impact Partners, said: “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.
“We look forward to supporting the tremendous momentum of the company as it builds the world’s leading ESG data platform.”