Dubai-based ESG Integrate Acquired by Renoir Consulting
Renoir Consulting has agreed to fully acquire ESG Integrate, an environmental, social, and governance (ESG) advisory firm based in Dubai, United Arab Emirates (UAE).
The move will augment Renoir's industry-proven approach and capabilities in ESG transformation, strategy, integration, and implementation. Upon completion of the transaction, ESG Integrate will function as a fully owned unit of Renoir Consulting.
ESG Integrate supports corporations and institutional investors through their entire ESG transformation journey including analysis, strategy, implementation, and reporting services.
The company’s track record spans multiple sectors including industry, transport, financial services, engineering and construction, and real estate. Some of its clients include Alpha Dhabi Holding, National Marine Dredging Company, and Dubai Insurance.
This strategic move by Renoir highlights the growing interest in ESG among investors and other stakeholders in the Middle East.
Private sector companies are moving swiftly to address ESG risks and opportunities while supporting government-led initiatives to tackle climate change and promote sustainable growth.
Krishna Paupamah, Founder and Group CEO of Renoir Consulting said: “Companies are no longer satisfied with just the recommendations and strategies — they need support with the execution, the implementation, and the deliverables of ESG strategies.
"The capabilities and expertise of ESG Integrate, paired with our industry-proven approach and methodologies, will enable us to offer world-class execution of ESG strategies to current and future clients.”
Imad Alfadel, Founder and Managing Partner of ESG Integrate, added: “In a very short space of time, we have established ESG Integrate as a trusted provider of ESG advisory and reporting services for leading companies in the UAE.
"We’ve already begun to expand our footprint into other markets within the wider Middle East region and globally."
Kevin Mccartney, Group Chief Strategy Officer of Renoir Consulting said: “Renoir had been looking to build on its ESG practice and services. We immediately felt that ESG Integrate was the perfect acquisition and fit with Renoir.
"We are all excited with the opportunities across our markets and growing our ESG services.”
Imad Alfadel added: “By integrating ESG factors into their business models, corporations become better equipped to anticipate future opportunities and mitigate any risks that may arise.
"Business leaders are now placing it high on their agendas as they seek to manage environmental and social risks, align their businesses with national and global commitments to sustainability, and put their companies on the path to sustainable growth.”