apexanalytix® (apex), a provider of global supply chain risk management data, software and services, and ESG Enterprise (the Company), a provider of environmental, social and governance (ESG) management data, software and services, have announced that apex has acquired ESG Enterprise. Financial terms of the transaction were not disclosed.
What is the market offering of ESG Enterprise?
ESG Enterprise helps companies meet their environmental, social and governance and climate objectives through a suite of software solutions that include a front-end data management platform, and artificial intelligence (AI) powered supply chain analytics that combine to offer customers one of the most comprehensive products currently available on the market.
The Company’s data-powered cloud platform provides the rigorous environmental, social and governance (ESG) risk and climate data necessary for organizations to effectively measure their climate footprints; meet Scope 1, Scope 2, and Scope 3 reporting requirements; and comply with international regulations and other leading ESG reporting frameworks.
ESG Enterprise uses AI and publicly available data to maintain a map of environmental, social and governance characteristics across global supply chains, providing proprietary scores, company profiles, and benchmarks that help companies assess the ESG attributes of their supply chains significantly faster and more accurately than other ESG assessment methods.
“Joining apex will enable us to make even more of an impact by helping firms measure and manage the full spectrum of sustainability risks and opportunities throughout their customers’ large and complex operations and supply chains. We look forward to continuing to innovate and further build out our technology for their benefit,” said Alan Lee, CEO of ESG Enterprise.
What does the acquisition mean for apex?
“Understanding and effectively managing ESG is a critical part of smart supply chain management, which is why we are excited to add ESG Enterprise to our platform. We look forward to bringing the benefits of this offering to our clients,” said Steve Yurko, CEO of apex.
“When it comes to sustainability, requirements and objectives can vary widely from company to company, industry, and region. We are committed to giving our clients the power and flexibility to meet their business objectives and helping them manage the environmental, social and governance footprints of both their operations and supply chains is a key part of that,” said Danny Thompson, Senior Vice President of Market and Product Strategy for apex.
This transaction between the two organizations is the latest milestone in the growth of apex, which received a majority investment from funds managed by KKR, a world-renown global investment firm, in 2022. Carousel Capital also continues to be a minority investor in apex.