3 years ago
ESG Book Raises $35 Million to Expand Corporate Sustainability Data Platform
ESG Book, a company providing a platform for corporate ESG data, has secured $35 million in Series B funding
The round was led by Energy Impact Partners, with participation from Meridiam and Allianz X
The funding will be used to expand ESG Book's services globally, aiming to capture a share of the $5 billion ESG data market
The company, incubated by Arabesque, has secured deals with financial institutions like Citi and is developing tools for Dow Jones
ESG Book analyzes over 25,000 companies, covering 450 ESG data points per firm, providing investors with a comprehensive and transparent view of ESG performance.
ProblemFinancial Services
"Companies are often inconsistent in reporting environmental, social, and governance (ESG) metrics, making it difficult for investors to make informed decisions."
Solution
"ESG Book offers a cloud-based platform that collects and analyzes ESG data from over 25,000 companies, making it accessible, comparable, and transparent for investors and other stakeholders."