Sustainability Advisory ERM Acquires Consulting Firm Sustainalize
Pure-play sustainability advisory firm ERM announced today the acquisition of Dutch sustainability consulting firm Sustainalize.
Sustainalize was founded in 2010 by former PwC consultants Justus Koek and Nick de Ruiter, who will both join the ERM partnership. The firm works with businesses to measure, disclose and respond to ESG issues and challenges, supporting clients on strategy development and execution, implementation, external reporting and impact measurement across a broad range of sustainability topics, including climate change, biodiversity loss, the availability of resources, diversity and equality, human rights and governance.
De Ruiter said:
“Since we started our business ten years ago, we have had the pleasure of advising and supporting many clients in translating comprehensive sustainability themes into priorities that truly matter. We are very excited to continue our future with ERM. Sustainalize will benefit from ERM’s extensive network, significant global scale, in-depth knowledge and thought leadership on pressing sustainability challenges. Through the acquisition, we will be able to accelerate the growth of our proposition, and bring extended services to our clients.”
Sustainalize has offices in the Netherlands, Belgium and Germany, and a client base of nearly 200 organizations, across sectors including technology, banking and finance, retail, aviation and government. According to ERM, the acquisition aims to expand the firm’s sustainability consulting capabilities in continental Europe and further reinforces the company’s position as the global market leader in pure-play sustainability consulting.
Keryn James, CEO, ERM, said:
“The Covid-19 pandemic and the global movement on racial justice have accelerated and enhanced the focus on ESG risks and opportunities and the need for businesses to be more resilient and sustainable. Boards and executive teams need to become more knowledgeable, proactive and effective on ESG matters, from improving diversity within their companies, to linking executive pay to ESG metrics. We are delighted to announce the acquisition of Sustainalize which further strengthens our capabilities and capacity in being able to support clients in Europe and beyond as they navigate these increasingly complex issues.”