ESG Book, one of the largest sustainability data-tracking sites, raised $35 million in Series B funding.
Why it matters: Only 2% of companies have visibility into their supply chains beyond their most direct suppliers, per a new McKinsey & Co. report.
Details: Energy Impact Partners led the round, with Merdiam and Allianz X also participating.
- ESG Book rebranded last month from Arabesque S-Ray.
- Clients include Citi, State Street and Siemens.
What they’re saying: “Sustainability is a megatrend that persists through different economic cycles,” CEO Klier tells Axios. “People know this is driving big investments at the moment.”
