Diligent Corporation, the global leader in SaaS governance, risk and compliance (GRC), has announced that it has acquired Accuvio, a leading environmental, social, and governance (ESG) data aggregation and reporting software company.
The financial terms of the transaction were not disclosed.
Together, Diligent and Accuvio will offer clients the most comprehensive ESG solution in the market by aggregating next-generation ESG data across governance, risk, compliance, and diversity with natural integration points that bring critical intelligence to executives and the board. Diligent ESG connects to multiple internal platforms and data sources, enabling automated data collection through robotic process automation to ensure companies can monitor performance against ESG objectives in real time.
With Accuvio, Diligent will enable organizations to prepare, track and disclose key metrics in alignment with major regulatory frameworks and standards - including greenhouse gas (GHG) emissions across the entire value chain (scopes 1,2, and 3).
For over a decade, Accuvio has provided innovative, world-class sustainability reporting solutions to multinational and public sector organizations in 120 countries, including CBRE, Intertek, Babcock International, the Irish EPA, The Hartford, Ocean Spray, AIB Bank, América Móvil and American Sugar Refining, Inc.
Backed by a dedicated software development team, that specializes in sustainability, corporate social responsibility, and the energy space, Accuvio’s enterprise software solution helps organizations solve the complexity of collecting climate data in a way that meets regulatory reporting and audit requirements. Accuvio can generate sustainability and carbon reports with 2,000+ types of emissions sources (including waste, water, transport, business travel, commuting, and supply chain) using more than 62,000 emissions factors with no configuration or setup.
Brian Stafford, CEO of Diligent, said: “From our conversations across the more than 700,000 board members and leaders we serve, ESG is the most frequent topic in boardrooms and executive suites globally. As we empower clients to transform their organizations through impactful solutions, the core of our purpose is guiding and enabling their ESG journeys. That’s why we are so excited to welcome the Accuvio team to Diligent. Their advanced climate capabilities and deep expertise in sustainability reporting will be an incredible addition to our agile platform.”
Adrian Fleming, Co-Founder and CEO of Accuvio, added: “Accuvio was founded on the notion that simple, easy-to-use software can help to secure a healthy environment for generations to come. We are thrilled to take that mission to the next level by becoming part of Diligent. Adding our purpose-built software to Diligent’s broader ESG solutions and GRC platform will provide clients in the marketplace with an unmatched value proposition.”
District Capital Partners served as the exclusive financial advisor to Diligent and Willkie Farr & Gallagher LLP served as the legal advisor. ReganWall served as the legal advisor to Accuvio.