Institutional Shareholder Services (ISS) has announced the acquisition of SustainaBase, a Florida-based software company specializing in carbon accounting and emissions data management, by its subsidiary, ISS Corporate Solutions.
Founded in 2020, SustainaBase has quickly established itself as a key player in carbon tracking, offering companies software that enables detailed monitoring and reporting of greenhouse gas (GHG) emissions. With regulatory pressures around carbon disclosure on the rise, SustainaBase’s services have become increasingly valuable as firms respond to evolving requirements from stakeholders, including regulations like California’s SB 253 and the EU’s Corporate Sustainability Reporting Directive (CSRD), which will soon demand expansive emissions reporting across entire supply chains (Scope 3).
Through this acquisition, ISS Corporate Solutions will integrate SustainaBase’s platform, allowing clients to automate their GHG emissions tracking and manage their sustainability data more effectively. The added tools are expected to support clients in addressing climate-related risks, setting emissions reduction targets, and managing the complex web of sustainability reporting requirements.
Marija Kramer, Head of ISS Corporate Solutions, highlighted the synergy between the two organizations: “Bringing SustainaBase’s team and expertise into ISS Corporate Solutions is an exciting step in our expansion of sustainability offerings. Their platform provides a comprehensive carbon accounting system that will enhance our clients’ ability to meet the rising demands of sustainability reporting.”
SustainaBase CEO Gaida Zirkelbach expressed optimism about the partnership, stating: “Joining with ISS Corporate Solutions is an exciting opportunity to broaden our impact. Together, we can support a wider range of companies in their journey toward sustainability with data-driven solutions that help them make sound business decisions while meeting new regulatory and voluntary reporting demands.”
The acquisition reflects ISS’s strategy to deepen its sustainability offerings, providing businesses worldwide with the tools to meet the heightened expectations around environmental reporting and accountability. The SustainaBase team will continue their work within ISS Corporate Solutions, focusing on expanding the platform’s capabilities and delivering reliable emissions data solutions in line with global standards.
By acquiring SustainaBase, ISS reinforces its commitment to supporting companies as they navigate the complexities of carbon management, responding to a global shift toward more transparent and robust environmental practices.