EcoVadis SAS, a Paris, France-based provider of business sustainability ratings for global supply chains, received an approximately $200m investment.
CVC Growth Partners II made the investment. John Clark, Managing Partner of CVC Growth Partners, Aaron Dupuis and Sebastian Kuenne will be joining EcoVadis’ Board of Directors.
The deal is expected to close in Q1 2020 following regulatory approvals.
The company intends to use the funds to expand internationally, break into new countries and further invest in its technology platform, sustainability intelligence solutions and network of rated companies.
Led by co-CEOs and co-founders Frédéric Trinel and Pierre-Francois Thaler, EcoVadis is a provider of SaaS based sustainability ratings, intelligence and engagement solutions globally. Backed by a technology platform and a global team of domain experts, the company’s actionable sustainability scorecards provide insight into environmental, social and ethical risks across 198 purchasing categories and 155 countries.
Industry leaders such as Johnson & Johnson, Verizon, L’Oréal, Subway, Nestlé, Salesforce, Michelin and BASF are among the more than 60,000 businesses across 155 countries on the EcoVadis network, all working with a single methodology to evaluate, collaborate and improve sustainability performance in order to protect their brands, foster transparency and innovation, and accelerate growth.