Sustainability data and technology company ESG Book has closed its Series B round on $25m, as it looks to respond to the growing demand of technology enabled ESG data solutions.
Energy Impact Partners, a global investment firm leading the transition to a sustainable future, served as the lead investor. Other commitments came from Meridiam and Allianz X.
This fresh capital has been earmarked to advance ESG Book next-generation technology capabilities to help clients meet increasingly complex sustainability requirements. It also hopes to bolster its expansion to meet rising customer demand and foster the adoption and expansion of its product suite.
ESG Book claims the ESG data and services market is expected to grow to $5bn by 2025.
The company cloud-based platform aims to make ESG data accessible, consistent and transparent so financial markets can allocate capital to more sustainable and higher impact assets.
It covers over 25,000 companies globally and enables companies to be custodians of their own data, giving them framework-neutral sustainability information in real-time, and promotes transparency.
ESG Book CEO Dr Daniel Klier said, ?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 leading sustainability-conscious investors, EIP, Meridiam, and Allianz X, we are excited about the next chapter of our company growth as we scale ESG Book platform and services worldwide.
ESG Book recently teamed up with Ortec Finance, a technology and solutions for risk and return management. As part of the deal, Ortec has access to ESG Book suite of climate and sustainability data solutions to provide clients with a one-stop shop for sustainability analysis.
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