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Thursday 23 June 2022

$35m for ESG Book to build out sustainability data platform

ESG Book logoAs its name suggests, ESG Book is in the business of environmental, social and governance (ESG) data. It provides a platform geared towards making such data accessible, consistent and transparent so financial markets can use it to determine the allocation of capital to sustainable and higher impact assets. It has raised $35m in Series B funding to further build the platform and drive adoption. The round was led by Energy Impact Partners (EIP), with Meridiam and Allianz X, and Allianz.

Having been incubated by financial technology group Arabesque (when it was known as Arabesque S-Ray), ESG Book was spun out in 2018 and launched its platform in 2021. The company, which is HQ’d in London and has offices in Frankfurt, Boston, Singapore, Delhi and Tokyo, has amassed an impressive client list that includes a plethora of lead names in financial markets. 

With investors increasingly making decisions based on organisations sustainability credentials, ESG data plays a key role in informing decisions but companies report the data in different ways making direct comparisons difficult. Through its platform, ESG Book aims to make ESG data comparable as well as accessible and transparent. It covers over 25,000 companies globally and enables companies to be custodians of their own data, while providing framework-neutral sustainability information in real-time. 

Posted by: Angela Eager at 08:55

Tags: funding   startup   software   sustainability  

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