ISS-Corporate, a prominent provider of governance, compensation, cyber-risk monitoring and sustainability solutions aimed at enhancing shareholder value and mitigating risk, has announced the acquisition of Celsia, a software-as-a-service (SaaS) company based in Oslo specialising in corporate sustainability reporting. Established in 2021, Celsia’s software streamlines regulatory sustainability reporting, particularly addressing the European Union’s (EU’s) Corporate Sustainability Reporting Directive (CSRD) regulations. By automating CSRD reporting workflows and providing expert guidance, Celsia supports over 300 companies in meeting sustainability reporting requirements efficiently, with some clients experiencing up to an 80% reduction in reporting time compared to traditional methods. As the deadline approaches for approximately 50,000 EU/European Economic Area companies to implement CSRD requirements, demand for solutions such as Celsia’s is expected to increase, with significant cost savings and efficiency gains for businesses.
Source: ISS-Corporate Acquires Sustainability Reporting Software Provider Celsia (issgovernance.com)
About the Authors
Associate Director, Investment Banking
Prachurjya has over 16 years of experience in investment banking with Acuity Knowledge Partners. At Acuity, he has led sector and product-specialist pilot teams across Capital Markets, ESG, Debt Advisory, Loan Syndications, Metals & Mining and Real Estate. He has been actively involved in setting up and on-boarding new ESG Advisory, ESG DCM and Sustainable Finance teams for various bulge bracket investment banks. Within DCM and Rating Advisory, he has been instrumental in helping the clients achieve over 30% in annual savings on both regular and adhoc tasks through standardization of the outputs and deployment of our proprietary BEAT tools.
Delivery Manager, Investment Banking
Puja has 7 years of extensive experience in ESG, Climate Change & Sustainability and she is supervising the ESG team at Acuity. She also has diverse experience in conducting ESIA, EHS compliance audits, ESG Risks and Controls, EHS & ESG Due Diligence assessments. Prior to joining Acuity, she was working with companies like KPMG Global Services, EY India and ERM India. She has expertise in provisioning extensive research requirements for clients through preparation of Peer Benchmarking, Target Compilation, Sustainability report, Sustainable Finance Updates and Sectoral ESG Thematic Detailing Engagement.
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