Climate fintech company Connect Earth, known for its carbon measurement tools for financial institutions, has announced its acquisition of the ESG reporting platform Datia. Datia, which serves asset managers and financial institutions in Europe and the United States, offers regulatory reporting tools that assist firms in adhering to evolving disclosure regulations.
This acquisition aligns with Connect Earth’s strategy to develop its Sustainable Finance Operating System. This platform aims to consolidate emissions data, reporting, and client tools, aiding financial institutions in meeting regulatory requirements, engaging clients, and scaling ESG-linked finance.
Alexander Lempka, CEO of Connect Earth, commented: “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.”
Globally, financial institutions face increasing pressure to comply with reporting requirements, such as those outlined by the EU’s Sustainable Finance Disclosure Regulation (SFDR), Taxonomy, and Corporate Sustainability Reporting Directive (CSRD). These institutions must navigate fragmented ESG systems and duplicated datasets.
By integrating Connect Earth’s API-first carbon and ESG infrastructure with Datia’s regulatory reporting technology, Connect Earth aims to provide a standardised solution to replace outdated systems. The integrated platform will offer carbon emissions data at both transaction and portfolio levels, in-app sustainability tools, and SME data capture and eligibility checks. The dataset will encompass retail, business, wealth, and asset management use cases.
Juan Manuel Serruya, CEO and Founder of Datia, stated: “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.”
