Pelt8, provider of a sustainability reporting platform, has joined forces with the prominent consulting firm EBP to enhance sustainability reporting capabilities for medium and large enterprises both in Switzerland and globally. As part of this strategic partnership, EBP has acquired a minority stake in the Swiss startup. Existing investors also participated in the round.
Pelt8 offers user-friendly tools to help businesses comply with various reporting standards. In an effort to further enhance to enhance sustainability reporting for companies of all sizes, especially small and mid-sized companies (SMEs) in Switzerland and internationally, the startup has entered a strategic partnership with EPB Schweiz AG, an independent engineering, planning, and consulting company and is part of a larger international organization with over 400 experts boasting more than 40 years of experience in sustainable development.
The timing of the partnership between Pelt8 and EBP is particularly significant given the growing regulatory and market pressures on businesses to improve their sustainability reporting. Switzerland is considering expanding its sustainability reporting requirements in alignment with the EU's Corporate Sustainability Reporting Directive (CSRD). If implemented, these new regulations could require an estimated 3,000 additional Swiss companies to produce sustainability reports by 2027, highlighting the increasing importance of efficient and comprehensive reporting solutions like Pelt8.
Coinciding with their partnership, EBP has acquired a minority stake in Pelt8, marking its first investment in a startup. The firm is joining Tenity and SICTIC business angels who joined the round as follow-on investors. The investment will enable Pelt8 to fast-track its developments, as the company puts it, to ensure “full self-onboarding and making carbon & sustainability reporting truly ‘fool-proof’”.
Julian Osborne, CEO of Pelt8, expressed his enthusiasm: “We are thrilled about our partnership with EBP. With a very similar impact-driven culture, their extensive experience and expertise in sustainability consulting significantly enhance our ability to reach our clients’ sustainability goals.”
Christoph Zulauf, CEO of EBP Switzerland, emphasizes: "Pelt8's solution and team perfectly complement our Corporate Sustainability Consulting offering. The partnership with a young SustainabilityTech company marks the beginning of a new chapter for EBP."
(Press release/RAN)
The new Swiss Venture Capital Report was published on 26 January. It analyses 304 financing rounds closed in 2020 and includes further article such as an interview with Michael Hengartner, President of the ETH Board, and a list of Swiss "soonicorns". 
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