PulsESG, PE Firm Clayton, Dubilier & Rice Collaborate on ESG Measurement and Reporting for Portfolio Companies
ESG measurement platform pulsESG announced today a new pilot program with private investment firm Clayton, Dubilier & Rice (CD&R), focused on advancing ESG measurement and reporting for portfolio companies.
The collaboration aims to enable portfolio companies to progress towards their ESG goals, while allowing validation and benchmarking by management and stakeholders.
Co-founded last year by Silicon Valley software veterans Murat Sönmez and Inderjeet Singh, and launched with $8.5 million in seed financing, pulsESG’s software as a service (SaaS) platform utilizes internal data sources and external systems to help organizations define, measure and report on ESG performance, and address issues around ESG data quality and timelines. In July, pulsESG announced a strategic investment from Accenture Ventures, the venture capital arm of global professional services provider Accenture.
“Partnering with CD&R represents a big milestone for both pulsESG and ESG disclosure in general: Our platform is purpose-built to for private equity (PE) firms and operating companies alike to ensure ESG disclosure is based on current, complete, and correct information. “
Under the new pilot program, pulsESG will help manage vast amounts of ESG data – which is often unstructured and challenging to process – through work to design, test, configure and improve data management initiatives aimed at supporting portfolio companies’ efforts to provide transparency, assurance and value creation.”
“The pulsESG team is excited to provide an integrated, comprehensive, and flexible SaaS platform that will support the efforts of CD&R and its funds’ portfolio companies to define, capture, analyze, derive insight, and improve their ESG footprint. We are pleased to be working on this pilot program with CD&R, which is well recognized for its commitment to operational excellence.”