RPMGlobal is pushing ahead with its environmental, social and governance (ESG) services growth with the creation of an in-house ESG mining division – the cornerstone of that being the company’s acquisition of privately held Nitro Solutions.
RPMGlobal, which announced its move on 24 June, said the two companies already have entered into an acquisition agreement. No financial terms were released.
“This acquisition will be the catalyst to bring together RPMGlobal’s ESG professionals, who are based across the globe, into one division to be headed by Ngaire Tranter, the current CEO and founder of Nitro,” RPMGlobal officials said.
It noted that Nitro is known for its quality-focused ESG service in the areas of environmental approvals, impact assessment, regulatory advice, environmental audits, compliance reporting (due diligence) and environmental economics, policy and legislation advice.
RPMGlobal Chief Executive Officer Richard Mathews said the acquisition and the inclusion of the Nitro team combined with RPMGlobal’s existing ESG capabilities would see the company form a dedicated ESG division.
“While our mining advisory ESG professionals have been engaged to perform and manage numerous ESG mandates around the world, until now, we have not had a dedicated division focused solely on ESG,” he said.
“Ngaire and her team have an excellent reputation within the mining ESG market which gives us great confidence that we can build a world-class, mining-focused ESG business leveraging an ESG team that knows and understands mining from the ground up.”
RPMGlobal said that with most major and mid-tier miners worldwide accelerating their respective efforts to meet decarbonisation targets in parallel with a broader societal commitment to achieve net-zero emissions by 2050, it has been drawing on both leading technology and its advisory teams’ strong expertise to advance its ESG efforts.
The acquisition is expected to close this week.