Climate fintech firm Connect Earth, which specializes in carbon measurement tools for financial institutions, announced it has acquired ESG reporting platform Datia.
Datia, which works with asset managers and financial institutions in Europe and the US, provides regulatory reporting tools designed to help firms comply with evolving disclosure rules.
As such, this acquisition marks the latest move taken by Connect Earth to build its Sustainable Finance Operating System – a single platform combining emissions data, reporting and client tools to help financial institutions meet their regulatory obligations, engage clients and scale ESG-linked finance.
Alexander Lempka, CEO of Connect Earth, said:
“Finance is the most powerful lever we have to address sustainability. By acquiring Datia and unifying ESG reporting with emissions data and customer engagement, Connect Earth is redefining how financial institutions approach sustainability.”
Financial institutions globally are under mounting pressure to meet the reporting requirements outlined under the likes of the EU’s Sustainable Finance Disclosure Regulation (SFDR), Taxonomy and Corporate Sustainability Reporting Directive (CSRD), while navigating fragmented ESG systems and duplicated datasets.
By combining Connect Earth’s API-first carbon and ESG infrastructure with Datia’s regulatory reporting technology, the former said it hopes to deliver a standardized solution that replaces legacy systems.
The integrated platform will also provide carbon emissions data at the transaction and portfolio level, in-app sustainability tools and SME data capture and eligibility checks. The dataset will cover retail, business, wealth and asset management use cases.
Juan Manuel Serruya, CEO and Founder of Datia, said:
“By joining forces with Connect Earth, we’re bringing together two leaders in sustainable finance to deliver an end-to-end offering for banks, from retail and wealth to asset management and lending. Our combined technology, data, and global footprint across EMEA and North America will help customers move faster and with more confidence.”
