Accenture Ventures Invests in ESG Provider Arabesque S-Ray
Posted on 03/18/2021
Consulting giant Accenture (NYSE: ACN), through its corporate venture capital unit Accenture Ventures, invested in Arabesque S-Ray GmbH, a provider of environmental, social, and governance (ESG) data and insights. Under the agreement, Accenture will have full access to Arabesque S-Ray solutions and analysis of transparent, non-financial and sustainability performance metrics to enhance its existing and highly differentiated sustainability capabilities. Accenture has previously leveraged Arabesque S-Ray data and analytics to offer clients insights.
“Sustainability transformation must be both technology-driven and linked to value to be successful. Creating shareholder value, while also tackling some of the world’s greatest challenges, requires rewiring the global economy with new levels of data, insights and action,” said Peter Lacy, chief responsibility officer and global Sustainability Services lead at Accenture in a press release. “We are pleased to expand our relationship with Arabesque S-Ray to help our clients lead with better decision making, more informed investment prioritization, and accelerated realization of overall business value from their sustainability efforts, goals and ambitions.”
Through the agreement, Accenture will further enable Arabesque S-Ray by supporting its data and processing capabilities. Together, the companies will also develop new tools and methods for capturing, analyzing, and reporting ESG data.
In 2019, Arabesque S-Ray announced strategic partnerships with five co-investors: Allianz X, Commerz Real AG, DWS Group, Land Hessen, and Helaba Digital.