EsgMax, a SaaS platform dedicated to simplifying the process of collecting and managing ESG (environmental, social, governance) data, announces that Zucchetti, a group offering software, hardware and IT services for businesses and professionals, has acquired a stake in its capital. The startup, gemmed by the venture builder Startup Bakery, received from Zucchetti a first seed of 500 thousand euros which, together with the 200 thousand euros paid by the startup studio itself, bring the collection to a total of 700 thousand euros in addition to the commitment by Zucchetti on subsequent tranches against commercial results to be achieved for a total expected collection of 1.4 million euros. The aim of the transaction is to quickly transfer control of the EsgMax initiative from Startup Bakery to Zucchetti , which will therefore completely acquire the company as an industrial partner at predefined values with agreed commercial targets. The transaction is part of the other initiatives already launched by Zucchetti in the field of IT solutions and services to make companies ‘ESG compliant’: sustainability report reporting, management software for sustainable mobility, asset management and booking of corporate spaces, energy efficiency, dematerialization, document management and digital preservation. “This transaction is confirmation that there is an alternative path to classic venture capital. A path that is not purely financial, but also industrial and functional to concrete open innovation. Despite the long experience in acquisitions and investments, for Zucchetti and for our country it will still be a novelty – comments Alessandro Arrigo, CEO and co-founder of Startup Bakery in a note – We greatly appreciated the curiosity of this great company and the desire to try our hand at this new way of doing innovation and business and I must admit that the dialogue was immediately extremely encouraging and productive”.
Cloud-based services for sustainability reporting
EsgMax is a cloud solution that makes it easier to collect and analyze ESG data for sustainability reporting, thanks in part to generative artificial intelligence. Ideal both for companies that are required by law to draw it up, and for those that are not but are part of a supply chain or intend to position themselves with a certain profile towards institutional investors and customers, it is also suitable for sustainability consultants of all levels. “First of all, we appreciated the proposition of EsgMax, which is the possibility of facilitating the ESG reporting process for SMEs as well. We were also impressed by the technical skills of the people, as the knowledge of sustainability indicators and the ability to map them digitally are fundamental requirements to better configure the management of reporting by customers – adds Domenico Uggeri, vice-president of Zucchetti -. The group is betting a lot on this aspect. We believe that facilitating the communication of corporate sustainability will mean bringing considerable value to all Zucchetti customers”. The sustainability report is in fact a fundamental tool for both large companies and SMEs as it allows environmental, social and governance impacts to be transparently communicated. It offers a detailed overview of the sustainable activities carried out, demonstrating the commitment to responsible management and long-term value creation. However, despite the presence of numerous software solutions on the market, the collection of information from the various stakeholders for the preparation of the sustainability report is still often a slow, manual and inefficient process, in all its main aspects and especially in those that involve communication between people: data collection, materiality analysis, deadline monitoring and multi-handed collaboration. “Simplifying the process of data collection and management allows for more accurate analysis and effective evaluation of sustainable performance,” says Massimo Ferri, CEO and co-founder of EsgMax. Reducing complexity allows companies, regardless of size, to better integrate sustainable practices into their business model, thus contributing to a positive impact both socially and environmentally. Companies should only care about being sustainable, while with EsgMax we help them communicate this efficiently to the market and all stakeholders.” EsgMax has already seen dozens of pre-orders and is ready to go to market by Q1 2024 with its Value, Growth, and Impact packages.
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