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Institutional Shareholder Services’ (ISS) announced today the acquisition by its governance, compensation, sustainability, and cyber […]]
ISS Acquires Carbon Accounting Software Company SustainaBase – ESG Today
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ISS Acquires Carbon Accounting Software Company SustainaBase
ESG Today Writing Staff
October 9, 2024
Institutional Shareholder Services’ (ISS) announced today the acquisition by its governance, compensation, sustainability, and cyber risk business ISS-Corporate of SustainaBase, a Florida-based provider of carbon accounting and data management software solutions for corporate sustainability reporting.
Launched in 2020, SustainaBase makes software that tracks company greenhouse gas (GHG) emissions and data. As regulatory, competitive, and supply chain pressures to measure and track GHG emissions have increased, SustainaBase has been working with companies that need to deliver carbon data and reporting to their stakeholders. Many more companies are expected to require these services in the coming years, as new regulations, including California’s recently passed SB 253 and the EU’s Corporate Sustainability Reporting Directive (CSRD), come online. Both these standards will require companies to report on their own direct and indirect (Scope 3) emissions.
With the acquisition, ISS-Corporate will offer its clients a platform to automate GHG emissions reporting and help users develop an organized infrastructure for their energy and activity data. The system will assist clients comply with regulatory issues on climate risk, strategy, target setting and reporting, ISS-Corporate said. Over the coming months, the offering will be integrated into ISS-Corporate’s platform alongside other services to help clients with their climate and broader sustainability reporting demands.
Marija Kramer, head of ISS-Corporate, said:
“We are incredibly excited to welcome the SustainaBase team to the ISS-Corporate family and to rapidly integrate their offering into our growing suite of sustainability solutions. SustainaBase’s SaaS platform will deliver a holistic carbon accounting solution to our clients, providing an additional pillar of support over the course of their sustainability journey.”
SustainaBase’s team, with extensive experience in carbon accounting, data collection, and reporting, will join ISS-Corporate and focus on the continued expansion of client engagement and product capabilities, ISS-Corporate added.
Gaida Zirkelbach, co-founder and CEO of SustainaBase, said:
“We are thrilled to partner with Marija and the entire ISS-Corporate organization to help thousands of companies develop, manage, report and act on their carbon footprint with credible, auditable data. With this exciting combination, companies will have precise GHG data they can count on to make informed business decisions, along with a full suite of solutions to meet growing regulatory and voluntary needs.”
ESG Today Writing Staff
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