Toronto, Canada and Hannover, Germany – 04/30/2021 – Cority, the global enterprise EHS software provider, today announced the acquisition of WeSustain, a specialist in developing innovative software solutions designed to support responsible business management and thought leaders at the intersection of environmental, social, and governance (ESG) with digitization.
With 60 customers – including ThyssenKrupp, McKesson, Merck, Commerzbank, United Internet, and Hapag-Lloyd – WeSustain is one of the world’s leading specialized software providers for ESG, corporate sustainability, and responsible business management. WeSustain’s GRI-certified SaaS solutions span across ESG, sustainability, compliance, and impact management – enabling integrated ESG and corporate sustainability management across the enterprise from a central platform.
“Joining forces with Cority instantly advances our aim of making businesses more sustainable and future-proof in Europe and around the world,” said Dr. Manfred Heil, CEO, WeSustain. “We’re convinced that smart digital solutions have an essential role to play in enabling our clients to fulfill their potential for greater efficiency, innovation, and positive impact; and to build trust through greater transparency surrounding what they do.”
Organizations are increasingly focused on digitizing their management of ESG, often as part of a wider digital transformation of EHS processes and programs. According to McKinsey & Company, evidence is emerging that a better ESG score translates to about a 10 percent lower cost of capital, as the risks that affect the business are reduced.
“We are thrilled to add the outstanding solutions and top talent of WeSustain to the Cority family,” said Mark Wallace, President and CEO, Cority Software Inc. “WeSustain’s solutions are an obvious complement to our market-leading CorityOne™ platform. The combination strengthens our European presence and positions Cority for the rapidly emerging strategic impact of ESG factors in every major enterprise around the world.”
Power Fund III was the lead investor since 2014 and has invested in WeSustain in all investment rounds along the way to success. VNT Management Partner, Peter Auner, was the Chairman of the company and supported the Management in strategy and business development. “Sustainability and the -green spirit- are our inspiration: As cleantech pioneers, we are aware of the great responsibility we have to promote sustainable companies and technologies”, said Peter Auner.
WeSustain is a specialist in developing innovative software solutions designed to support responsible business management and thought leaders at the intersection of environmental, social, and governance (ESG) with digitization. Since 2010, WeSustain has developed smart software-as-a-service (SaaS) solutions for data management and reporting in the area of ESG, sustainability, as well as impact, and compliance management. With 60 customers, approximately 600 companies and institutions place their trust in us and work with our advanced solutions. To learn more visit www.wesustain.com.
Cority is the global enterprise EHS software provider creating industry-leading technology to empower those who transform the way the world works. For over 35 years, Cority has been powered by the spirit of innovation, deep domain expertise, and a commitment to integrity that enables higher levels of operational and sustainable performance with the most comprehensive, human-centered, and secure SaaS platform to help workers and businesses thrive in 100 countries around the world. The company enjoys the industry’s highest levels of client satisfaction and has received many awards for its strong employee culture and outstanding business performance. To learn more, visit www.cority.com.
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