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ISS-Corporate acquires Celsia to enhance corporate sustainability reporting capabilities

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By illuminem briefings

· 2 min read

illuminem summarizes for you the essential news of the day. Read the full piece on FinTech Global or enjoy below:

🗞️ Driving the news: ISS-Corporate, a provider specializing in governance and cyber risk services, has acquired Oslo-based Celsia, a company focused on Software-as-a-Service (SaaS) solutions for sustainability reporting
• This acquisition aims to strengthen ISS's sustainability service offerings in light of the new EU Corporate Sustainability Reporting Directive (CSRD)

🔭 The context: Celsia has carved a niche in sustainability solutions compliant with the EU's stringent regulatory frameworks, including the EU Taxonomy and Sustainable Finance Disclosure Regulation
• ISS-Corporate's acquisition enhances its capacity to support global corporations with advanced sustainability reporting needs, aligning with the impending CSRD requirements

🌍 Why it matters for the planet: The enhanced capabilities resulting from this acquisition enable more efficient and comprehensive sustainability reporting for European companies
• This is crucial for meeting the EU's ambitious sustainability goals and fostering a more transparent and responsible corporate environment across Europe

⏭️ What's next: The integration of Celsia's technology into ISS-Corporate's offerings is expected to provide a robust platform for companies navigating the CSRD's demands
• With CSRD regulations impacting approximately 50,000 entities by 2027, this acquisition positions ISS-Corporate to capture significant market growth in the sustainability reporting sector

💬 One quote: "As corporations across the globe seek cutting-edge solutions and services in response to a rapidly shifting regulatory landscape, ISS-Corporate is pleased to respond to those demands through this transaction," said Marija Kramer, head of ISS-Corporate

📈 One stat: Over 300 companies currently utilize Celsia's software, which has reportedly reduced sustainability reporting time by up to 80%

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