Dubai-based ESG Integrate joins global player Renoir Consulting

06 October 2022 3 min. read
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ESG Integrate, a Dubai-based advisory firm specialised in ESG work, has joined global player Renoir Consulting.

Founded by Imad Alfadel, ESG Integrate has in a short space of time grown into a notable player in the region’s ESG consulting landscape. ESG Integrate specialises in two segments: ESG integration into decision-making and investments, sustainability and integrated reporting.

“We support corporations and institutional investors through their entire ESG transformation journey including analysis, strategy, implementation, and reporting services,” said Alfadel, who previously worked in investment management, banking and private equity before launching ESG Integrate in 2020.

Renoir Consulting acquires Dubai-based ESG Integrate

ESG Integrate’s track record spans multiple sectors including industry, transport, financial services, engineering and construction, and real estate, with the likes of Alliance Insurance, Alpha Dhabi, National Marine Dredging Company and Dubai Insurance on the firm’s roster of clients.

Now part of Renoir Consulting, Alfadel said that the team will be able to make more of an impact. “Combining our capabilities and expertise with their broader capabilities and network will enable us to offer world-class execution of ESG strategies to current and future clients.”

With close to 300 consultants operating from offices in 15 countries (including an office in Abu Dhabi), Renoir Consulting will also provide ESG Integrate with a platform for international growth. “We’ve already begun to expand our footprint into other markets within the wider Middle East region and globally,” said Alfadel.

Meanwhile, for Renoir Consulting, the move bolsters its capabilities in one of consulting’s hottest segments: ESG. “Private sector companies are moving swiftly to address ESG risks and opportunities while supporting government-led initiatives to tackle climate change and promote sustainable growth,” said Founder and CEO Krishna Paupamah.

Alfadel added: “By integrating ESG factors into their business models, corporations become better equipped to anticipate future opportunities and mitigate any risks that may arise. Business leaders are now placing it high on their agendas as they seek to manage environmental and social risks, align their businesses with national and global commitments to sustainability, and put their companies on the path to sustainable growth.”

However, despite all attention at board level and company efforts, ESG implementation has been found to be a daunting task. This is where consultants like ESG Integrate come in, which specialises in “the execution, the implementation, and the deliverables of ESG strategies,” noted Paupamah. “We’re delighted to have them on board.”

As part of the integration, Alfadel has been appointed as leader of Renoir Consulting’s ESG practice.

Last month, Boston Consulting Group purchased Quantis, a firm with around 250 environmental consultants in Europe and North America. Just like Renoir Consulting, Quantis is headquartered in Switzerland.