Accenture Invests in pulsESG™ to Advance ESG and Sustainability Measurement, Decision Making and Reporting for Companies
July 25 2022 - 7:59AM
Business Wire
Accenture (NYSE: ACN) has made a strategic investment, through
Accenture Ventures, in pulsESG, Inc., a public benefit corporation
dedicated to empowering purpose-driven enterprises to manage and
improve their environmental, social and governance (ESG) footprint.
Backed by $10 million in earlier seed funding from other leading
impact-driven investors, pulsESG is the latest company to join
Accenture Ventures’ Project Spotlight, an engagement and early
investment program that connects emerging technology software
startups with the Global 2000 to fill strategic innovation
gaps.
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Accenture has made a strategic
investment, through Accenture Ventures, in pulsESG, Inc., a public
benefit corporation dedicated to empowering purpose-driven
enterprises to manage and improve their environmental, social and
governance (ESG) footprint. (Graphic: Business Wire)
This move builds on Accenture’s broader sustainability
initiatives with a variety of clients, strategic alliance partners
and other international organizations, which includes very
early-stage investments in key technologies and services that
create value for clients and their broader ecosystem partners, as
sustainability continues to solidify as a top issue for all
stakeholders.
“We believe that every business must be a sustainable business
and that fundamentally changes how companies report and disclose
financial data. Now, the next step is to deliver on this
opportunity to unlock the full value from, and impact of, measuring
and managing for sustainability,” said Peter Lacy, global
Sustainability Services lead, global management committee member
and chief responsibility officer at Accenture. “We look forward to
bringing the capabilities from this strategic investment to our
clients, alliances and partners to help improve ESG measurement and
performance with greater transparency and assurance being sought
across stakeholders.”
Co-founded by Silicon Valley enterprise software veterans Murat
S�nmez and Inderjeet Singh, pulsESG provides organizations with a
flexible and integrated software as a service (SaaS) platform with
both internal data sources and external investor-facing systems to
define, measure and report on organizational ESG performance and
address issues around ESG data quality and timelines.
S�nmez, CEO and co-founder of pulsESG added, “With a shift
toward real-time ESG reporting becoming standard practice for
companies worldwide, we designed this platform to be the ultimate
system of record for ESG – one that has the flexibility and
modularity required of today’s rapidly transitioning regulatory
landscape. This investment from Accenture will allow us to scale
our platform to new heights as clients navigate the inherent
fluidity in ESG analysis.”
The platform, while at an early stage, has been designed to
improve on the quality of ESG collection and integration across the
enterprise, including by combining the power of the myriad of
support and specialist software players with dashboards and
services of major ecosystem and alliance partners. “With features
such as model-driven architecture and an end-to-end workflow
engine, we offer a new level of information that allows for
modifications based on changes in the ESG regulatory landscape and
stakeholder needs,” said Singh, president and co-founder of
pulsESG.
Recent Accenture research shows that while the majority (78%) of
finance leaders are seeking to understand the financial risk to
their business that sustainability represents, only 47% have
defined key metrics and data sources for their ESG reporting.
Together, Accenture and pulsESG will look to build joint product
offerings that will enable clients and partners to make more
informed decisions and better navigate and respond to the evolving
ESG landscape.
“Our investment in pulsESG not only highlights our commitment to
scaling new technologies that help our clients solve critical
business challenges, but also reinforces our belief in the
importance of using innovation for social good,” said Tom Lounibos,
managing director of Accenture Ventures. “We look forward to
collaborating with pulsESG and driving awareness of its offerings
and value proposition among our clients and ecosystem partners
around the world.”
Terms of the investment were not disclosed.
About Accenture Accenture is a global professional
services company with leading capabilities in digital, cloud and
security. Combining unmatched experience and specialized skills
across more than 40 industries, we offer Strategy and Consulting,
Technology and Operations services and Accenture Song — all powered
by the world’s largest network of Advanced Technology and
Intelligent Operations centers. Our 710,000 people deliver on the
promise of technology and human ingenuity every day, serving
clients in more than 120 countries. We embrace the power of change
to create value and shared success for our clients, people,
shareholders, partners, and communities. Visit us at
accenture.com.
About pulsESG, Inc. Founded in 2021, pulsESG, Inc. is a
public benefit corporation dedicated to empowering purpose-driven
enterprises to manage and improve their ESG footprint with an
integrated and comprehensive SaaS platform built for compliance
tracking and insight. The fast-growing company is led by
co-founders Murat S�nmez and Inderjeet Singh. For more information,
visit www.pulsesg.com.
Copyright © 2021 Accenture. All rights reserved. Accenture and
its logo are trademarks of Accenture.
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Alexander Aizenberg Accenture +1 917 452 9878
alexander.aizenberg@accenture.com
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