ESG data provider EcoVadis raises $500 mln

June 15, 2022 EcoVadis EN

U.S. private investment firm General Atlantic LLC co-led a $500 million private financing round for ESG data provider EcoVadis SAS, as announced Monday. General Atlantic's climate unit BeyondNetZero made the investment, which was also led by Astorg Partners SAS, Princeville Capital and Singapore-based GIC. EcoVadis co-founder and co-CEO Frederic Trinel told Reuters the company is now valued at more than $1 billion. A spokesperson for EcoVadis told MarketWatch the company now employs 1,300 people.

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EcoVadis EN

EcoVadis is a purpose-driven company whose mission is to provide the world's most trusted business sustainability ratings. Businesses of all sizes rely on EcoVadis’ expert intelligence and evidence-based ratings to manage risk and compliance, drive decarbonization, and improve the sustainability performance of their business and value chain. Its AI-powered risk mapping, actionable scorecards, benchmarks, carbon action tools, and insights guide a resilience and improvement journey for environmental, social and ethical practices across 200 industry categories and 175 countries.

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