ERM to acquire energy transition advisory Energetics

10 June 2024 Consultancy.uk 2 min. read
Profile
More news on

ESG consultancy ERM has announced a new acquisition, with the purchase of Energetics. The deal will help ERM expand its footprint across the APAC region.

Founded in 1984, Energetics is a climate risk and energy transition consulting firm which partners large businesses across Australia and the Asia Pacific area. The firm helps clients to respond to some of the biggest issues of the day, including the impacts of climate change, and the world’s efforts to achieve net zero emissions.

With demand for sustainability consulting services continuing to grow, this proposition has attracted the interest of ERM. The world’s largest specialist sustainability advisory firm has signed a deal to acquire Energetics – a move that will add around 100 professionals to ERM’s workforce in the APAC region, and extend the services it can offer there.

ERM to acquire energy transition advisory Energetics

Matt Klein, global co-head of corporate sustainability and climate change at ERM, said, “Bringing together Energetics and ERM creates Australia's most comprehensive sustainability and climate change advisory firm. In addition to the services already offered by ERM, the acquisition of Energetics enables us to offer a broader suite of services to our clients, and more expertise to address key sustainability challenges. For the people at Energetics, becoming part of ERM means they can access and become part of our unparalleled network of sustainability experts worldwide.”

Energetics will join ERM’s climate change and corporate sustainability practice and add significant strength and depth to its services in decarbonization strategy and reporting, climate risk assessment and adaptation planning. It also brings specific capabilities in energy markets and services to help de-risk businesses and investors engaging in Australia’s energy transition.

Mary Stewart, Energetics’ CEO, added, “Energetics first opened its doors for business 40 years ago. Since then, we’ve worked across every sector of Australia’s economy and developed long-standing relationships advising some of the country’s largest businesses. Energetics’ alumni can be found leading sustainability, climate and energy risk management teams here and overseas. We are proud of what we have achieved, and today, we are ready to scale our work. Throughout this sale process, we were determined to find a buyer whose ambitions for sustainability, addressing climate risks and supporting the clean energy transition align with our own. In ERM, we have a great match.”

Announcement of the deal follows the acquisition of Point Advisory in 2022, which expanded ERM’s capabilities in the APAC region in sustainability economics, energy, procurement, strategy and human rights. Acknowledging the firm’s global capabilities, Consultancy.uk’s 2024 Top Consulting Firms in the UK ranking recently saw ERM awarded platinum status in the ESG category, and diamond in sustainability.