KPMG buys Resultante and expands ESG portfolio
KPMG consultancy signed the purchase of Resultant, a consultancy specializing in the integration of ESG (environmental, social and corporate governance) practices into the business models of companies, financial institutions and investors.
“KPMG’s objective is to accelerate investments in the ESG agenda, which is one of the company’s growth pillars, incorporating specialists with extensive experience in the subject”, comments the leading advisory partner in Brazil and Latin America, André Coutinho. “We are mapping the companies in the market and, upon getting to know Resultant, we realized how close they were to our values and culture, in addition to the technical competence of the people.”
The value of the transaction was not disclosed, but it is part of a global strategy by KPMG that aims to expand the portfolio of services in the ESG and climate themes. Globally, $1.5 billion will be earmarked over the next three years for acquisitions, technology investments and partnerships with this focus.
With Resultant, KPMG expands its ESG services portfolio and adds more experience in the financial, investment and capital markets sectors, areas in which the acquiree has relationships and service options. “Through this transaction, KPMG wants to accelerate the ESG practice in Financial Services, helping clients on the journey to implement environmental, social and governance actions, in favor of a sustainable agenda that will benefit society as a whole”, says KPMG partner Lúcio Anacleto.
The founding partners of Resulante, Maria Eugênia Buosi and Bruno Youssif, join KPMG in Brazil as partners. The 35-person team will be integrated into the buyer’s Financial Risk Management area, but there will be interaction with other teams at the new house to develop more complete projects and products. The resulting brand will no longer exist.
Founded in 2013, Resultant currently focuses on areas such as sustainable finance, climate change and capital mobilization to finance companies and projects linked to the ESG agenda and with a positive impact. “We have always worked on ESG as a business practice. We ended up becoming a reference in the market and took advantage of the ESG tsunami of recent years to grow”, says Buosi. With the rise of the theme in the corporate world, Resultant grew more than 700% in the last year.
“KPMG’s structure, board, weight, methodologies, local expertise and multidisciplinary team will allow us to scale the solutions offered today and develop tools that facilitate the transition to a fairer, more inclusive and low-carbon economy”, comments Buosi. She recalls that companies made several promises and now they will have to start proving that they are moving towards net zero, diversity and inclusion, fair remuneration, among other fronts of the ESG pillars. “We came in helping companies to understand the fundamentals, make the link with the business and bring goals and governance to the strategy”, concludes the executive.
Resultant will also benefit from investments in technologies and innovations for data analysis and indicators, one of the fronts that KPMG is committed to.
“Resultant’s focus on financial services appealed to us, but the acquisition was broader. His skills associated with the KPMG structure enhance our performance in various projects to help organizations in the region to make strategic planning when thinking about ESG”, comments Coutinho.
According to the executive, KPMG has had a sustainability area in the past, but the focus was more on sustainability report reviews than on strategic consulting per se. Demand has changed in recent years, with topics such as supplier engagement in more sustainable practices, supply chain, compliance, equity, diversity and inclusion, decarbonization, among other topics entering the agenda.