Firms merge to beef up ESG solutions

LRQA and ELEVATE are joining forces to better cater to the growing demand for transparency and assurance around environmental, social and governance standards.  

LRQA, a provider of assurance services including environmental conformity assessments, will acquire ELEVATE, which offers ESG and supply chain services.

Paul Butcher, chief executive of LRQA, said: “The risk landscape is changing so fast and our clients need a partner that can help them adapt, particularly in ESG. This agreement is a major signal of our determination to meet that need. 

“We are bringing together two highly successful businesses to create something very special in the ESG field – grounded in true expertise, operating at global scale and driven by a shared belief in data to drive change. 

“Businesses are having to rapidly re-think their approach to ESG and I believe this deal will transform the way in which we can help our clients to respond.”

The combined entities will offer data-driven insight, analytics and best practice advice for sustainable supply chain assurance.

The combination will deliver brand and ESG assurance, cybersecurity, inspection services and training across a wide range of industries including food, retail, electronics, energy, manufacturing, financial services and apparel.