Pure-play sustainability advisory firm ERM announced today the acquisition of Australian climate change and sustainability consultancy Point Advisory.
Point Advisory advises businesses, governments and other organizations to tackle sustainability challenges and develop innovative solutions to embed sustainability principles into their strategy and operations. The Point Advisory team will join ERM’s Climate Change and Corporate Sustainability practice.
Neil Salisbury, co-founder and CEO of Point Advisory, said:
“We are excited to be joining ERM. This is a critical decade for action on climate change, biodiversity loss and delivering on the other SDGs. Joining ERM will enable us to collaborate with a global network of sustainability leaders to help address some of the most pressing challenges facing our planet and people.
ERM stated that the acquisition will enhance its ability to support clients across Australia and the broader APAC market, and strengthen its capabilities in sustainability economics, energy, procurement, strategy and human rights.
The transaction marks a continuation of ERM’s active expansion of its skillset and capabilities in the sustainability and energy transition consulting space, with a series of recent acquisitions including emissions reduction-focused software solutions provider OPEX Group, specialist energy consultancy and low-carbon technology solutions firm Element Energy, renewable energy consultancy Arcus, Dutch sustainability consulting firm Sustainalize, energy, sustainability strategy consultancy E4tech, renewable energy advisory firm Renewables Consulting Group (RCG), and Canadian sustainability and ESG advisory firm Stratos.
The acquisition also follows the recent appointment of Tom Reichert as Chief Executive Officer of ERM.
“A strong new wave of Environmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More capital inflow is happening, driven by a combination of governments and corporates around the world committing to net zero targets. This includes Australia’s recent pledge to achieve net zero carbon emissions by 2050, which has already led to a major shift in its business and investment landscape. This transition will rapidly accelerate demand for climate change, carbon consulting and sustainability services, similar to what we’ve seen in other markets over the past decade.
“The acquisition of Point Advisory will provide ERM with enhanced skills and capabilities to support our clients as they navigate this changing landscape and deliver their sustainability agendas at pace. Our combined team will result in one of the largest sustainability advisory practices in Australia and will ensure that ERM is well-positioned to support increased client demand across the APAC region.”
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