RPMGlobal has announced that it has entered into an acquisition agreement for the Australian headquartered environmental, social, and governance (ESG) services company, Nitro Solutions Pty Ltd.
Privately owned 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 and legislation advice.
This acquisition will be the catalyst to bring together RPMGlobal’s ESG professionals who are based across the globe into one division which will be headed by Ngaire Tranter, the current CEO and Founder of Nitro.
RPMGlobal CEO, Richard Mathews, said the acquisition and the inclusion of the Nitro team combined with RPMGlobal’s 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, Ngaire Tranter, Nitro’s Founder, said she was very proud of the business her team had built over the last 6 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 commented.
“It’s 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 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 license to operate requirements,” Tranter said.
Mathews said this was just the start of RPMGlobal’s 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 RPMGlobal’s 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 30 June 2021 subject to satisfaction of a number of conditions precedent and customary completion events.
Read the article online at: https://www.globalminingreview.com/finance-business/16062021/rpmglobal-acquires-nitro-solutions/