EQS Group AG (ISIN: DE0005494165) broadens its strategic focus to include solutions in the area of sustainability and becomes an ESG technology provider.
Its immediate market entry succeeds with the planned acquisition of 100% of the shares of DFGE, a pioneer and leading supplier in the field of life cycle analysis, sustainability calculation and corporate social responsibility with over 20 years of expertise. With the expansion of its business activities, EQS Group AG is positioning itself in the future multi-billion ESG market.
EQS Group AG today signed an exclusive letter of intent to acquire 100% of the shares of DFGE Institute for Energy, Ecology and Economy GmbH. DFGE was founded in 1999 by Dr.-Ing. Thomas Fleissner and Dr.-Ing. Thomas Dreier as a spin-off from the Technical University of Munich and helps companies develop their climate strategy and take responsibility for a sustainable business. Its more than 180 clients include many DAX-listed companies. DFGE employs over 25 people at two sites.
The European Union is establishing a new legal framework for a sustainable economy, in particular from the perspective of climate change, in order to achieve the objective of climate neutrality in 2050. Environmental, social and governance criteria and standards are at the center of the concerns. These must be disclosed in the future. The European Union therefore introduces an obligation to report extra-financial sustainability indicators with the Corporate Sustainability Reporting Directive (CSRD). The European directive should apply from January 2024 for the 2023 financial year. About 50,000 companies with at least 250 employees are concerned. Under the new reporting obligation, these companies will for the first time be engaged in collecting data on, for example, their carbon footprint, diversity and business ethics in line with the EU taxonomy for sustainable business activities, which will serve as the basis for the preparation of the sustainability report.
EQS Group AG will initially develop a software solution that enables companies to fulfill their reporting obligations according to the CSRD in a simple and secure way. This must be based on scientific models and on the many years of experience with more than 700 sustainability consulting projects carried out by the DFGE. The cloud application, which should be available by the middle of the year, will also become the heart of the ESG COCKPIT.
The initial software solution is developed with our own resources. EQS Group AG therefore confirms its outlook for the financial year 2022 and the medium-term objective for 2025.