EcoOnline, a leading EHS and ESG software provider, today announced it has signed a definitive agreement to acquire ScotlandIS member, Edinburgh-based Ecometrica, a global ESG and sustainability software leader.
This strategic acquisition increases EcoOnline’s presence in the environmental, social and governance (ESG) market and further enhances the company’s existing platform capabilities, solidifying its position as an ESG software market leader across Europe, the UK, and North America. Together, EcoOnline and Ecometrica will deliver a broad ESG solution with strong capabilities in Carbon Accounting, ESG Framework reporting, Climate Risk, Environmental Compliance and more, enabling companies to systematically work to reduce their environmental footprint and comply with existing and future regulations.
Chris Joseph, chairman of EcoOnline, said: “The acquisition of Ecometrica provides a robust addition to our suite of solutions at EcoOnline. We know EHS data plays a critical role in ESG performance reporting, and many organisations currently struggle to bring a unified data strategy together. Our goal is to offer a holistic approach to ESG management, providing our clients with comprehensive solutions to manage, report, and deliver healthier, safer, and more responsible business.”
Dr Richard Tipper MBE, chairman and co-founder of Ecometrica, added: “We were immediately struck by the complementary nature of the EcoOnline and Ecometrica product suites. The combined entity will have an unrivalled depth and breadth of service offerings on health, safety and ESG, to bring the best-in-class sustainability reporting to the EcoOnline product suite. This comes at an ideal time for regulations coming into place in North America and Europe.”
Ecometrica is a market-leading sustainability software company that offers best-in-class climate accounting and reporting solutions since 2008, enabling companies to comply with the latest legislation.
The Ecometrica Platform was built from the ground up by subject-matter experts who have delivered thousands of assessments and contributed to making the practice of greenhouse gas accounting the robust mission-critical practice it is today. Its modules cover a range of metrics including GHG emissions, ESG, TCFD, deforestation and biodiversity. Ecometrica’s platform delivers robust, accurate and transparent climate accounting and is considered by many to be the gold-standard of reporting.
David Metcalfe, CEO of Verdantix said: “Demand for ESG reporting and workflows is surging on a global basis. Global spend on ESG reporting software is set to surge from $1.4 billion in 2023 to $4.3 billion in 2027. EcoOnline’s acquisition of ESG and climate software solution, Ecometrica, underscores EcoOnline’s commitment to these important trends and increasing buyer focus on the nexus of EHS and ESG.”
Integrating Ecometrica with EcoOnline’s EHS and ESG will provide organisations with an increased ability to manage and leverage the data spread broadly across sustainability, employee health and safety and environmental compliance programs. This acquisition is a key step in EcoOnline’s journey to build a leading global software vendor dedicated to the mission of protecting our people and the environment.