Green Acquisition Announces Purchase of Sustainability Reporting and Compliance Solutions Vendor Greenomy
Position Green, a sustainability software and advisory company, has announced the acquisition of Greenomy, an ESG reporting and compliance solutions provider. This move further consolidates Europe's fragmented sustainability tech market.
Based in Belgium, Greenomy provides ESG reporting solutions aimed at enabling companies to comply with key regulatory frameworks such as CSRD, EU Taxonomy, and VSME. The company was founded in 2020 and currently has a majority ownership by financial market infrastructure provider Euroclear, which was established in 2022. Nils Jean-Mairet, Chief Financial Officer at Euroclear, expressed delight that Position Green will lead Greenomy into its next chapter.
Daniel Gadd, the founder and CEO of Position Green, stated that the acquisition will help in building a comprehensive ESG platform aimed at helping companies and investors navigate the green transition and shifting regulatory landscape. The ESG platform will combine capabilities including sustainability reporting, carbon management, supply chain transparency tools, and advisory expertise.
Position Green's Chairman and Co-Founder, Joachim Nahem, added that Position Green is now the platform that connects sustainability reporting, carbon management, supply chain transparency, and capital markets. The partnership between Position Green and Greenomy aims to provide clients with the most comprehensive sustainability data management solution in Europe.
The ESG platform will continue to include tools for supply chain transparency, as well as capabilities in sustainability reporting and carbon management. The acquisition follows Position Green's previous acquisition in August of carbon management software provider Morescope.
The acquisition is significant for building a more integrated ESG ecosystem in Europe, as capital markets play a central role in Europe's green transition. The combination of Position Green and Greenomy creates a market leader in Europe with complementary strengths in scale (Nordics) and deep regulatory expertise (Benelux).
Euroclear will remain involved as a shareholder in Position Green following the acquisition. The ESG platform being built by Position Green is aimed at helping companies and investors accelerate the green transition and navigate the shifting regulatory landscape.
This acquisition is another step forward in Position Green's mission to help companies and investors make informed decisions about their sustainability practices and contribute to a greener future.
