SAO PAULO, Brazil--(BUSINESS WIRE)--May 29, 2023--
Accenture (NYSE: ACN) has announced its intent to acquire Green Domus Desenvolvimento Sustentável LTDA, a leading Brazil-based sustainability consultancy with experience helping clients design and implement a range of sustainability services with a focus on measurable decarbonization strategies. Green Domus will join Accenture to further enhance its Sustainability Services team. Financial terms of the transaction are not being disclosed.
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Accenture has announced its intent to acquire Green Domus Desenvolvimento Sustentável LTDA. (Photo: Business Wire)
With only 7% of global companies on track to meet their net zero targets by 2050, clients across industries are seeking new and improved ways to accelerate their net zero transitions. Green Domus will bring clients solutions to embed carbon data and insights into their decision-making through deep knowledge of sustainability frameworks such as Science Based Targets initiative (SBTi), voluntary carbon credits and emerging regulatory schemes such as the Carbon Border Adjustment Mechanism (CBAM) which recently launched in the EU.
“Green Domus’ approach to measuring carbon emissions data and Accenture’s suite of advanced sustainability services, such as our net zero transition solutions, will support our clients in building resilient futures,” said Matthew Govier, Latin America Sustainability Services lead for Accenture. “These services will continue to transform industries and build a path forward for unlocking growth and adopting more sustainable business models.”
Founded in 2005, Green Domus is headquartered in Brazil. Its decarbonization strategy expertise, with two decades of industry experience, has enhanced its carbon measurement and net zero transition capabilities across diverse industries, such as natural resources, agriculture, consumer goods and retail. Green Domus has been able to deliver customized mitigation plans based on feasible reduction targets that can also reduce clients’ costs. Their support spans product lifecycle assessments, materiality assessments, sustainability measurement and performance and sectoral analytics projects.
“Accenture’s scale and focus on sustainability will be critical to helping our clients address the disruption affecting our communities and planet,” said Felipe Bottini CEO of Green Domus. “Businesses are anticipating the impacts of this disruption along with increased regulatory compliance. By joining Accenture, we will use the latest technologies to collaboratively accelerate our ability to embed sustainability into long-lasting solutions that address global challenges such as decarbonization.”
Green Domus is Accenture’s latest sustainability-focused acquisition, which comes in addition to the company’s significant expansion of its global capabilities through investing in its people and recruiting top talent. Accenture continues to place ever-greater emphasis on creating sustainable value and impact for clients by expanding its capabilities in sustainability strategy, net zero transitions, and responsible value-chain transformations. Other recent sustainability services acquisitions include Avieco, Carbon Intelligence, Greenfish, akzente, and Zestgroup.
Completion of the acquisition is subject to customary closing conditions.
About Accenture
Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent and innovation led company with 738,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology with unmatched industry experience, functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Accenture Song. These capabilities, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients succeed and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at www.accenture.com.
Forward-Looking Statements
Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “aspires,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “goal,” “target” and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied. These risks include, without limitation, risks that: Accenture and Green Domus will not be able to close the transaction in the time period anticipated, or at all, which is dependent on the parties’ ability to satisfy certain closing conditions; the transaction might not achieve the anticipated benefits for Accenture; Accenture’s results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and political conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity; Accenture’s business depends on generating and maintaining client demand for the company’s services and solutions including through the adaptation and expansion of its services and solutions in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect the company’s results of operations; if Accenture is unable to match people and their skills with client demand around the world and attract and retain professionals with strong leadership skills, the company’s business, the utilization rate of the company’s professionals and the company’s results of operations may be materially adversely affected; Accenture faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; Accenture’s environmental, social and governance (ESG) commitments and disclosures may expose it to reputational risks and legal liability; if Accenture does not successfully manage and develop its relationships with key ecosystem partners or fails to anticipate and establish new alliances in new technologies, the company’s results of operations could be adversely affected; Accenture’s profitability could materially suffer if the company is unable to obtain favorable pricing for its services and solutions, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels; changes in Accenture’s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company’s effective tax rate, results of operations, cash flows and financial condition; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; changes to accounting standards or in the estimates and assumptions Accenture makes in connection with the preparation of its consolidated financial statements could adversely affect its financial results; as a result of Accenture’s geographically diverse operations and strategy to continue to grow in key markets around the world, the company is more susceptible to certain risks; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture’s business could be materially adversely affected if the company incurs legal liability; Accenture’s global operations expose the company to numerous and sometimes conflicting legal and regulatory requirements; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture’s services or solutions infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent Annual Report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.
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CONTACT: Alexander Aizenberg
Accenture
+1 917 452 9878
alexander.aizenberg@accenture.comFernando de Moraes
Accenture Brazil
+55 11 51880974
fernando.de.m.silva@accenture.com
KEYWORD: SOUTH AMERICA BRAZIL
INDUSTRY KEYWORD: DATA MANAGEMENT TECHNOLOGY ENVIRONMENT SUSTAINABILITY SOFTWARE NETWORKS
SOURCE: Accenture
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PUB: 05/29/2023 08:19 AM/DISC: 05/29/2023 08:18 AM
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