ClimeCo buys ESG consultancy Global Affairs Associates

09 November 2021 2 min. read

ClimeCo, a Boyertown, PA-based environmental services firm, has acquired Global Affairs Associates, a Houston-based environmental, social, and governance (ESG) consulting firm.

Founded in 2013, Global Affairs supports energy firms and investor clients with ESG integration, climate and energy transition, and ESG reporting. The firm’s offerings span ESG policies and risk integration, climate risk and opportunities analysis, carbon target setting, strategic energy reporting plans, sustainability reports, and peer benchmarking.

Global Affairs’ clients include Marathon Oil, Service Corporation International, and American Investment Council. The consulting firm has more than 10 employees, according to LinkedIn.

ClimeCo’s acquisition of Global Affairs will bolster its ESG consulting capabilities and add staff to its sustainability, policy & advisory team – which has seen significant demand growth as stakeholders increasingly push companies to realize ESG goals.ClimeCo buys ESG consultancy Global Affairs Associates"Acquiring GAA allows us to expand deeper into the energy and capital markets," said William Flederbach, president and CEO of ClimeCo. "Combining ClimeCo's leadership in sustainability, corporate climate strategy, and climate policy with GAA's expertise in ESG strategy, public reporting and disclosure, and Task Force on Climate-Related Financial Disclosure (TCFD), allows ClimeCo to support our clients from the onset of their early sustainability efforts to setting and achieving net-zero and other ESG targets."

Sixty percent of Fortune 500s have set goals to reduce emissions by 2030 and approximately 90% of S&P 500s now report on sustainability. On the investor side, ESG-qualified assets under management are projected to breach $53 trillion by 2025.

“As a leading ESG consulting firm, GAA is excited to combine our talented team with the experienced professionals at ClimeCo and their extensive portfolio of offerings," said Kaitlyn Allen, founder, president, and CEO of GAA. "It's a truly complementary partnership that enhances the products and services of both entities."

ClimeCo was founded in 2009 and provides services and solutions in the management and development of environmental commodities. The firm provides advisory, transaction facilitation, trading, and development services across voluntary carbon, regulated carbon, renewable energy credits, and plastics credits. ClimeCo also provides sustainability program management services.

The firm has more than 40 employees across offices in Boyertown and State College, PA, as well as an international office in Calgary, Canada.