M&A: ACT Commodities Acquires Climate Accounting Software Firm Green Project Technologies

ACT Commodities, a global provider of market-based sustainability solutions, has acquired a controlling stake in Green Project Technologies, which develops a SaaS-based software platform to simplify corporate climate accounting, the companies said. Financial terms of the deal were not disclosed.

Related: See all M&A deals involving sustainability consultancies listed here.

M&A: Consulting Firm Gains Cloud-based Carbon Accounting Software

Green Project Technologies, based in New York, was founded in 2021. The company had 10 employees on LinkedIn as of April 2023. Green project's Carbon Management Software leverages API integrations with customers' existing data systems to collect, process, and report carbon emission data in-house. Users can measure, manage, and calculate their emissions as well as other key sustainability vectors (e.g., energy & water usage, waste generation, and social & governance KPIs), comply with leading GHG audit standards, and monitor progress through a user-friendly dashboard, the seller said.

Key Green Project target customers include:

• Private equity, venture capital, and financial institutions to offer fund- and firm-level ESG performance dashboards, and downloadable reports for submission to LPs and relevant financial service frameworks.
• Supply chain managers who need to measure and meet short, medium and long term carbon reduction targets.

ACT Commodities Group, founded in 2009, is based in Amsterdam, the Netherlands. The company had 390 employees listed on LinkedIn as of April 2023. ACT specializes in such areas as carbon credits, energy efficiency projects and certificates, renewable fuels, emission allowances, and renewable electricity and gas markets.

ACT Commodities Buys Green Project Technologies: Executive Perspectives

In a prepared statement about the M&A deal, ACT Commodities CEO Bram Bastiaansen said: "The ESG software space has always been on our radar. We've been searching this fast-growing sector for the company that would add the most value to our clients, and we've found it in Green Project Technologies. To create such an innovative platform the way they have reflects a truly entrepreneurial spirit, which is a value ACT lives by and always tries to encourage. The fact that the platform offers full integration also really impressed us, and it seems we're not the only ones who see how much they've been able to grow in such a short amount of time. We're all very excited and looking forward to our future together!"

Added Green Project Technologies CEO and Founder Sam Stark: “ACT was the ideal company for us to join forces with. We have been fortunate to enjoy rapid success in the U.S. so far, but with ACT being the largest global provider of sustainability solutions in the world, we now have the support and confidence to expand further into other geographies, such as APAC and Europe. We are thrilled to work together to build out end-to-end support for companies globally as sustainability commitments and programs deepen. We’re also excited to learn from them. With over a decade of experience in the global sustainability sector, we’re sure that their wealth of knowledge will elevate our work for both new and existing client.”