Climate Smart Carbon Footprinting Acquisition

Radicle Acquires Climate Smart Carbon Footprinting Company

The purchase will better serve the needs of clients seeking to calculate emissions and then manage a carbon strategy to strengthen their business.

October 22, 2020

Radicle Group Inc. (Radicle) announced today the acquisition of Climate Smart Businesses Inc. (Climate Smart), Canada’s leading carbon footprinting, measurement, and management company. The purchase will better serve the needs of clients seeking to calculate emissions and then manage a carbon strategy to strengthen their business.

“There’s a natural fit between the Climate Smart team and Radicle’s goal to help clients accelerate emissions reductions by balancing people, the planet, and prosperity,” says Ed Alfke, CEO of Radicle.

“We’re thrilled to join and grow with the Radicle team,” says Elizabeth Sheehan, Founder and CEO of Climate Smart. “We’ll expand our positive impact through Radicle’s ecosystem by providing businesses across Canada with a bigger technical team and fuller suite of options to measure, reduce, and drive down emissions in their operations, products, and supply chains.”

Climate Smart will continue to operate as a separate entity for the foreseeable future, with Radicle providing additional services to Climate Smart’s existing clients in Canada and beyond.

“Our acquisition of Climate Smart complements our overall offering – we can now provide multiple customized end-to-end emissions reduction solutions for businesses and organizations,“ says Saj Shapiro, Radicle’s Chief Operating Officer. ”This investment represents an important strategic opportunity to offer options, consulting, and cost savings for our clients. Climate Smart adds to our capacity and geographic presence to help customers cut costs and carbon.”

About Climate Smart

Climate Smart Businesses Inc. (“Climate Smart”), a Canadian, award winning B Corp, enables businesses to profitably reduce greenhouse gas emissions and take action on climate change. Climate Smart has helped over 1,000 businesses and 40 partner cities and organizations prepare for and participate in the low-carbon economy of the future. Using a data driven approach, Climate Smart provides innovative tools and programming for “host partners” on the front lines – cities, ports, airports, and financial institutions – to disrupt old economic trajectories and invest in more efficient technologies.

About Radicle

Radicle helps guide today’s progressive companies towards tomorrow’s sustainable future. From our early beginnings in Calgary, Canada, when we developed one of the world’ s first software platforms to measure, qualify, and aggregate greenhouse gas emissions, we’ve now taken root internationally to leverage data, insights, and technology to safeguard our shared tomorrow. Radicle works with agriculture, energy, manufacturing, commercial, and financial services to enable planet-positive solutions by increasing efficiency while lowering costs and emissions. We believe that financial and environmental sustainability are two sides of the same coin: balance between the two is possible. Visit radiclebalance.com to learn more.