By Julius Ewudo, ASEAN Region Representatives
Pangolin Associates has announced that the climate change services consultancy is now part of the Viridios Group. Viridios Group is a global carbon credit origination, capital markets, asset management business. The Group offers a unique SaaS pricing and data platform covering the Voluntary Carbon Market (VCM) and compliance markets. Pangolin Associates will remain a standalone business under the Viridios umbrella while contributing a suite of interconnected strategic services.
Joining the Viridios Group is a tactical move for both companies. According to Pangolin Associates Managing Director Iain Smale, ‘We’ve seen several independent carbon management providers become part of larger foreign entities. Our move is unique in the sector: Viridios and Pangolin’s services are wholly complementary – a natural pairing of two like-minded Australian-founded companies.’ Viridios and Pangolin share similar cultures and value systems with a long history of support through mutually referring business to one another. Smale adds, ‘after 13 years as a highly successful independent consultancy with a diverse and loyal client base, trust was non-negotiable. Viridios Group’s Australian origins also ticked a box for us.’
The Viridios investment into Pangolin Associates comes at an opportune time as pressure to demonstrate environmental responsibility surges in the Australian business community. Expectations from stakeholders, customers, supply chains and the public at large are forcing organisations to build credible climate policies and embed sustainability measures into every part of the business.
Pressure also stems from a greater commitment to climate action from the Australian Government in the form of an updated Nationally Determined Contribution (NDC) of reductions in greenhouse gas emissions to 43 per cent by 2030 (compared to 2005 levels) and net-zero by 2050. While keeping the widely recognised brand, Pangolin Associates is now in a better position for rapid, sustainable growth. The company will continue to meet demands for carbon footprints, Climate Active carbon neutral certifications, and lifecycle analyses, but will shift more decisively into services for globally focused initiatives such as net-zero strategies, Science Based Targets, ESG, and B Corp consulting.
Viridios Group CEO Eddie Listorti says, ‘We’re delighted to welcome Pangolin into the Viridios Group. Over many years, Iain and the team have built a strong reputation in the climate change consulting space, and we look forward to working with them to grow their service offerings while drawing on our carbon knowledge base, portfolios, and sophisticated technology solutions.’
