EcoVadis, a global provider of business sustainability ratings, raised $500M in funding.
The round was led by Astorg and BeyondNetZero, with participation from GIC and Climate Technology Fund.
The company intends to use the funds to to accelerate its global scale-up, deepen its artificial intelligence and machine learning capabilities, and make strategic acquisitions.
EcoVadis provides companies of all sizes with expert intelligence and evidence-based ratings to monitor and improve the sustainability performance of their business and trading partners. Its actionable scorecards, benchmarks, carbon action tools, and insights guide an improvement journey for environmental, social and ethical practices across 200 industry categories, 175 countries. Industry leaders such as Amazon, Johnson & Johnson, L’Oréal, Unilever, LVMH, Salesforce, Bridgestone, BASF and JPMorgan are among the 95,000 businesses that collaborate with EcoVadis to drive resilience, sustainable growth and positive impact worldwide.
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