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World participant Renoir Consulting has expanded its capabilities within the Center East and the ESG house with the acquisition of Dubai-based ESG Combine.
With round 300 consultants and places of work in 15 nations, Renoir Consulting is without doubt one of the world’s bigger consultancies specialised in enterprise transformation and alter.
With a rising variety of shoppers turning to the agency for ESG assist, Renoir Consulting earlier this 12 months launched a course of to search out the suitable associate to speed up its footprint within the panorama. “We instantly felt that ESG Combine was the right acquisition and match with Renoir Consulting,” stated Group Chief Technique Officer, Kevin McCartney.
“We had been seeking to construct on our ESG apply and providers. This strategic transfer highlights the rising curiosity in ESG amongst buyers and different stakeholders globally, and within the Center East,” he added. “We’re all excited with the alternatives that ESG Combine brings.”
Based in 2020, ESG Combine has since its inception grown right into a consultancy with 5-10 professionals. “We assist firms and institutional buyers by their whole ESG transformation journey together with evaluation, technique, implementation, and reporting providers,” stated Imad Alfadel, Founder and Managing Companion of ESG Combine.
ESG Combine has turn out to be a fully-owned division of Renoir Consulting and can spearhead its ESG portfolio, with Alfadel appointed as chief of the ESG apply.
Commenting on the deal, Krishna Paupamah, CEO of Renoir Consulting stated: “Corporations are not glad with simply the suggestions and techniques – they want assist with the execution, the implementation, and the deliverables of ESG methods.”
“The capabilities and experience of ESG Combine, paired with our industry-proven strategy and methodologies, will allow us to supply world-class execution of ESG methods to present and future shoppers.”
Renoir Consulting was based in 1994. The corporate is headquartered in Geneva, Switzerland. The agency already had an workplace in Abu Dhabi, and now has Dubai as a second location within the Center East.
ESG consulting offers
In different latest ESG associated consulting offers, Boston Consulting Group final month bolstered its sustainability apply with the acquisition of Quantis, a Switzerland-headquartered agency with round 250 environmental consultants. Final 12 months, fellow technique consultancy McKinsey & Firm closed three sustainability-focused acquisitions.
Accenture and the Huge 4, in addition to specialists reminiscent of ERM and Anthesis Group, have been most lively within the offers house, altogether closing greater than a dozen transactions over the previous twelve months.
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