After 2 years of discussion, a pandemic, a wonderful collaboration, Arendt Regulatory & Consulting bought Label R’s ESG due diligence tool and its methodology.
This acquisition comes at a time when the market is seeing ESG and sustainability regulations take off and the need for standardization and transparency turning into a norm.
ARC’s new proprietary tool will be named EDDMON for ESG Due Diligence & Monitoring. EDDMON will be operational from the end of September and will guides financial market participants and underlying companies to fully assess their ESG risks, value, and opportunities through a due diligence and reporting tool aligned to the main risk standards and reporting frameworks. Next to the gap analysis, this tool allows clients to see their alignment to the main international standards and reporting frameworks.
“I’m really happy to have sold our ESG tool and methodology to a great partner in Luxembourg. They are in good hands and I will be happy to continue supporting its development” says Oriane Schoonbroodt, CEO of Label R.
Label R is a Luxembourg-based consulting company specialized in ESG and offering services to clients in this field, in particular thanks to a methodology and a questionnaire developed within an IT solution (MVP version), iPrism. iPrism allowed to perform due diligence on companies and investment funds to establish their alignment with ESG principles on the basis of recognized market norms and standards. Label R is member of the Luxembourg House of Financial Technology (LhoFT) since 2018.
Arendt Regulatory & Consulting (ARC) is a Luxembourg-based regulatory and operational consultancy company, offering services related to compliance with new ESG regulations to financial sector actors (banks, investment funds and their managers, insurance companies, etc.).