sustain:able acquires Acasta
Monday 6th March 2023
sustain:able Press Release - sustain:able acquires Acasta
We are pleased to announce that ESG consultancy firm Acasta has been acquired by ESG consultancy sustain:able, for an undisclosed sum.
Acasta offered a holistic approach to Environmental, Social and Governance (ESG) integration to businesses, across multiple sectors. The approach recognised that a fully-integrated ESG strategy can help clients to mitigate risk posed by ESG concerns, and create opportunities for growth whilst preparing companies for future challenges in achieving a sustainable future.
All existing relationships and assignments of Acasta will be absorbed into the sustain:able business.
Commenting on the acquisition, Acasta founder Jon Fitzpatrick said: “ESG is increasing in importance on a daily basis, and by combining the best of Acasta with the skills and expertise of the sustain:able team, we are building some serious firepower in this competitive space. We wish sustain:able every success with their enhanced footprint and client portfolio – I am sure they will go from strength to strength.”
sustain:able founder Dr Rachel Gavey added: “We’ve enjoyed a long period of collaboration and friendly rivalry with the Acasta team and, at this stage in our development, it felt like the right time to combine forces and target a greater market share, recognising the obvious synergies and crossovers of the two businesses.”
Acasta was formed as a climate risk consultancy in 2021 and, during the course of 2022, transformed into a broader ESG consultancy. Working across multiple sectors, Acasta provides services aligned to seven key workstreams, from initial assessment through to evaluation and monitoring.
Formed by Dr Rachel Gavey and Dr Rosalie Constable, sustain:able is an ESG consultancy focused on finding a balance to the energy trilemma and ensuring access to clean water. The principals have a background in geoscience and engineering, and bring over 50 years of combined experience in the global energy and extractive industries.