In February, Low Carbon innovation Fund 2’s portfolio company Net Zero Now was acquired by Ecologi, a platform business that helps companies to measure and reduce their emissions and report their progress for every step towards Net Zero.
The combined entity, operating under the Ecologi brand, will create a single solution for industry climate leadership towards nNet zZero. The integration combines sector- specific carbon measurement and reduction with world-class verified climate projects that supports businesses wherever they are on their Nnet zZero journey.
Businesses have been forced to choose between fragmented solutions and generic ‘one size fits all’ approaches that ignore crucial sector-specific needs. Net Zero Now’s sector specific protocol expertise combined with Ecologi’s platform funding top-tier climate projects, creates a tailored, complete solution.
The acquisition aligns with Ecologi’s mission to accelerate business climate action and grow its 24,000 strong customer base. Established sector protocols, including hospitality and professional services, will be the initial focus with plans to expand across additional industries throughout 2025 and beyond.
With organisations under increasingly complex stakeholder and industry compliance demands for environmental accountability, such as SECR, CSRD and SBTi, this end- to end solution also ensures streamlined reporting, monitoring progress, supply chain transparency, and voluntary disclosures.
Founded in 2021, Net Zero Now has developed a proprietary sector-led approach, which combines climate expertise alongside the sector knowledge and experience of relevant industry bodies, industry influencers and larger businesses to reach a consensus around what Net Zero means in practice for business. To date, the company has measured and validated 1.8 MtCO2e lifetime emissions supporting more than 50 plus leading brands including Coca Cola Europacific Partners, L’Orèal, Heineken, Pernod Ricard, Subway, Hard Rock Cafe, Adnams, Edgbaston and James Cowper Kreston.
The exit came at a crucial juncture in the industry, as the over saturation of carbon accounting startups are increasingly seeing the need for consolidation and a combined approach to reporting standards. Ecologi is extremely well positioned to be a leader in the space, as an established, well-funded business with annual turnover exceeding £12m. We are delighted that LCIF2 has become a shareholder in such an established leader in the climate action space.