ESG software and advisory firm Position Green has announced the acquisition of Factlines, a Norwegian company specialising in supply chain transparency and human rights due diligence.
The acquisition, which is Position Green’s third this year, ‘further strengthens the company’s position as Europe’s most comprehensive sustainability platform’, it said in a statement.
As part of the transaction, Arendals Fossekompani, a Norwegian energy transition and industrial investor, and the previous owner of Factlines, will become a shareholder in Position Green.
‘A natural continuation’
“The acquisition of Factlines is a natural continuation of our strategy to consolidate a fragmented market and build Europe’s leading sustainability platform,” commented Joachim Nahem, executive chairman and co-founder of Position Green.
“We are also proud to welcome Arendals Fossekompani as a new shareholder in Position Green – a partnership that strengthens our shared mission to accelerate the transition toward a more sustainable economy. The next phase of the sustainable business transformation will be defined by integration. Companies need to connect climate, nature, people, and governance into a single strategy, which is exactly what Position Green enables.”
The acquisition of Factlines adds more than 200 customers to Position Green’s existing customer base, meaning the company now services more than 1,000 organisations worldwide.
About Factlines
Factlines’ technology enables businesses to identify, assess, and act on a myriad of ESG and operational risks across thousands of suppliers, aligned with industry- and sector-specific standards, as well as regulations such as the Norwegian Transparency Act, the EUDR, and the upcoming CSDDD.
“We are thrilled to join Position Green and bring our purpose to a wider audience,” added Henrik Halvorsen, CEO of Factlines. “Together, we can help more companies understand, manage, and improve the social and environmental footprint of their value chains — and address company- or sector-specific risks to build trust and long-term resilience.”
The transaction comes at a time when ‘supply chain resilience and accountability are high on corporate agendas’, Position Green noted, with software and advisory specialists such as Position Green and Factlines playing an important role in enable companies to act beyond compliance. Read more here.
