Business sustainability ratings provider EcoVadis announced today that it has raised $500 million in the largest-ever equity financing for a sustainability data SaaS company. The deal values the company at well over $1 billion, making EcoVadis the latest ESG data “unicorn.”
EcoVadis provides sustainability ratings for over 95,000 companies, enabling businesses to monitor and improve the sustainability performance of their value chains, including their own businesses as well as their trading partners and suppliers. Last month, for example, Deutsche Bank partnered with EcoVadis on its new requirement for all major vendors to undergo sustainability assessments.
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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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