Pure-play sustainability advisory firm ERM announced today the acquisition of Canadian sustainability and ESG advisory firm Stratos Inc, with the latest in a string of acquisitions adding to ERM’s capabilities and talent pool in the sustainability and climate-focused solutions space.
Founded in 2000, Stratos focuses exclusively on ESG and sustainability. The transaction will add more than 30 practitioners to ERM’s 5,500+ team, bringing expertise in ESG performance and risk management, stakeholder engagement, science and innovation, conservation and regulatory areas, working across industry, government, indigenous organizations and civil society.
Keryn James, CEO, ERM said:
“As organizations look to transition to a low-carbon economy, they look for partners that can help not only strategize solutions, but also implement them. With the acquisition of Stratos, we are further strengthening our capabilities and capacity to support clients in Canada and beyond as they navigate these increasingly complex issues. We are thrilled to welcome Stratos to the ERM Group.”
ERM has been actively expanding its skillset and capabilities in the sustainability and energy transition consulting space, with today’s announcement adding to other recent ERM acquisitions, including specialist energy consultancy and low-carbon technology solutions firm Element Energy, renewable energy consultancy Arcus, Dutch sustainability consulting firm Sustainalize, energy, sustainability strategy consultancy E4tech, and renewable energy advisory firm Renewables Consulting Group (RCG).
Earlier this year, global alternative asset investor KKR announced the acquisition of a majority stake in ERM.
Stephanie Meyer, President of Stratos, said:
“We are very excited to be joining the ERM team. Global financial markets and governments are pulling economies toward net zero carbon transitions and more sustainable and inclusive practices. In response, businesses and public sector organizations need new approaches and strategies underpinned by strong technical analysis and engagement. Together with ERM and our Indigenous partners, we can offer this full suite of services to support these transitions.”