EcoVadis, a French environmental, social, and governance (ESG) sustainability rating assessment company, raised $500M in a Series C funding round. The Astorg and BeyondNetZero-led financing raised the firm's valuation to over $1B, making it the sector's first unicorn, per its co-chief executive. Singapore's sovereign wealth fund GIC and Princeville Capital participated in the equity fundraising.
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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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