Enterprise technology platform company OneTrust announced today the acquisition of carbon management technology solutions provider Planetly, adding carbon measurement, accounting, analysis and reduction capabilities and expertise to OneTrust’s ESG solution.

Founded in early 2020 with a mission to enable businesses to successfully transition to a net zero economy, Berlin-based Planetly offers an automated process to measure and track company carbon footprint, identify carbon reduction levers and develop a emissions reduction roadmap, offset emissions that can’t yet be avoided, and communicate commitments and progress with stakeholders.

The acquisition follows the launch earlier this year by OneTrust of its ESG solution, OneTrust ESG, aimed at enabling companies to power their ESG programs, including identifying internal and supplier risk, understanding compliance gaps, setting sustainability goals, leveraging ESG frameworks, and building and exporting reports.

Kabir Barday, OneTrust CEO, said:

“Consumers, employees, investors, and regulatory authorities are demanding corporate action against climate change. We want to empower thousands of companies to join this movement, demonstrate accountability, and impact the future by delivering on science-based climate commitments. Planetly helps us make this possible. Our customers can integrate strong ESG programs, along with privacy, risk, and ethics, to build trusted companies. We’re excited to welcome the Planetly team, technology, and community into OneTrust.”

OneTrust stated that the acquisition will provide customers with access to deep ESG research and carbon management expertise across a growing number of industry verticals. Additionally, OneTrust has committed to invest in Planetly’s impact, targeting accelerated product development, new industry-specific solutions, advanced enterprise-grade features, localized product support, and global solution availability.

Benedikt Franke, founder and CEO, Planetly, said:

“OneTrust is the right partner to help us accelerate our mission of driving a carbon neutral economy. Together we can reach more companies and make a greater impact in the fight against climate change. I look forward to bringing our technology and teams together, and building a more sustainable future.”

Anna Alex, founder and CCO, Planetly, added:

“OneTrust gives us the opportunity to bring our purpose of helping companies reduce their emissions to a global scale overnight. Our customers will see huge benefits in our ability to scale our product growth, deliver new industry-specific solutions, and help them manage their sustainability programs. We’re very excited to join forces with OneTrust and make an even greater impact.”