RPMGlobal is set to boost its environmental, social and governance (ESG) offering with the addition of Australia-headquartered Nitro Solutions Pty Ltd.
The two companies have entered into an acquisition agreement whereby RPMGlobal will buy the privately-owned ESG services company.
Nitro is a company that provides the mining industry with a quality-focused ESG service in the areas of environmental approvals, impact assessment, regulatory advice, environmental audits, compliance reporting (due diligence) and environmental economics, policy & legislation advice, RPMGlobal said.
This acquisition will be the catalyst to bring together RPMGlobals ESG professionals, who are based across the globe, into one division to be headed by Ngaire Tranter, the current CEO and founder of Nitro.
RPMGlobal Chief Executive Officer, Richard Mathews, said the acquisition and the inclusion of the Nitro team combined with RPMGlobals existing ESG capabilities would see the company form a dedicated ESG division.
While our mining advisory ESG professionals have been engaged to perform and manage numerous ESG mandates around the world, until now, we have not had a dedicated division focused solely on ESG, he said.
Ngaire and her team have an excellent reputation within the mining ESG market which gives us great confidence that we can build a world-class, mining-focused ESG business leveraging an ESG team that knows and understands mining from the ground up.
Commenting on the acquisition, Tranter said she was proud of the business her team had built over the last six years and was looking forward to continuing to help mining companies take action to improve their ESG performance.
Alongside the speed of ESG adoption, the opportunity to be part of a larger organisation with a global footprint allows us to assist the mining industry with the increasing requirements in this space right around the world, she said. Its clear that RPMGlobal is passionate about building a premier mining ESG business supported by state-of-the-art software products, and I, together with the rest of the team, really look forward to joining RPMGlobal on this exciting journey.
With most major and mid-tier miners around the globe having accelerated their efforts to meet decarbonisation targets in parallel with a broader societal commitment to achieve net-zero emissions by 2050, RPMGlobal says it has been drawing on its leading technology and the Advisory teams strong expertise to deliver a range of ESG-focused services.
With organisations globally rising to the challenge of meeting increasing sustainability demands placed upon their organisations and operations, I see the merger of Nitro with RPMGlobal as an important step forward to supporting mining companies in their quest to meet decarbonisation, governance and social licence to operate requirements, Tranter said.
Mathews said this was just the start of RPMGlobals ESG journey as the company plans to grow its ESG division with mining services capabilities through a range of organic and non-organic strategies.
We also intend to harness the deep ESG domain knowledge of the Nitro team to assist RPMGlobals technology division identify software products we can either acquire, or alternatively build to service this accelerating market segment, he said.
The acquisition is expected to close on June 30, 2021, subject to satisfaction of a number of conditions precedent and customary completion events.