Carbon Offset Investor Acquires Australian Climate Change Consultancy

Viridios Group (Viridios) a Sydney-based global carbon credit and asset management business has acquired a majority stake in climate change consultancy, Pangolin Associates (Pangolin), for an undisclosed sum.

The investment comes following the Viridios series B funding round late last year which saw it raise AU$55 million, led by Roc Partners.  

Pangolin works with organisations to help ensure they reduce environmental impacts and remain competitive in a decarbonising economy.

Pangolin’s climate change consulting services align with the Viridios carbon credit origination, capital markets, and asset management businesses, which operate across the Voluntary Carbon Market (VCM) and compliance markets around the world.

The announcement comes as a Viridios Carbon Markets Report reveals that while a majority of environmental and sustainability professions (69%) have an emissions reduction target, less than half (43%) have a formal net zero target.

“Our investment in Pangolin is part of our ongoing strategy to deliver world-leading carbon market services to businesses to help them meet and exceed their climate targets,” said Viridios Group CEO Eddie Listorti.       

“Pangolin complements our existing service offering and will allow us to help our clients to assess and track their emissions in accordance with a range of frameworks as they progress on their decarbonisation journeys,” Listorti added.