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Cority Acquires ESG Software Specialist WeSustain | ![]() |
Friday, 30. April 2021 15:00 |
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Toronto, Canada and Hannover, Germany, April 30, 2021 (GLOBE NEWSWIRE) -- 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) and 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. “Recent Verdantix survey on more than 300 EHS executives found that over half (60%) plan to adopt software for ESG reporting and sustainability program management in 2021,” said Yaowen Ma, Principal Analyst at Verdantix. “Cority has made a timely, strategic acquisition that not only further enhances its enterprise-wide platform offerings, but also continues to strengthen ESG capabilities for customers to better manage sustainability risks throughout the supply chain.” “We are delighted 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.” About WeSustain About Cority About VNT Management Oy Cority Software Inc. media@cority.com |
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