Allianz has announced that it was one of the investors in ESG Book's recent Series B fundraising round. ESG Book is a global provider of cloud-based sustainability products and solutions.

The data and technology company received $35 million in capital from Energy Impact Partners (EIP), Meridiam, and Allianz X, the digital investment arm of the global insurer and asset manager Allianz.

The fresh funds will be used to expand ESG Book's technological capabilities and accelerate the company's growth as it reacts to the rising demand for technology-enabled ESG data solutions.

The cloud-based platform of the company intends to make ESG data more accessible, consistent, and transparent, allowing financial markets to allocate capital to more sustainable and greater impact assets.

“Investors, companies, and all market participants are today demanding better, technology-enabled solutions to direct capital towards more sustainable and higher-impact assets, said Daniel Klier, CEO of ESG Book.

“ESG Book is disrupting how sustainability is integrated and measured on a global scale by using next-generation technology that makes ESG data accessible, comparable, and transparent. By partnering with three of the world’s leading sustainability-conscious investors, EIP, Meridiam, and Allianz X, we are excited about the next chapter of our company’s growth as we scale ESG Book’s platform and services worldwide.”

“As an investor, we know how important data is for making decisions,” added Carsten Middendorf, Head of Platforms & Acquisitions at Allianz X.

“Sustainability isn’t just a fad or a phase. It’s our necessary present if we are to have a future. That’s why it’s so important to ensure transparency, quality, and comparability in ESG data. We at Allianz X invest in the future, which is why we’re supporters of ESG Book.”

Source: Reinsurance News

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