South Pole Group, one of the world's leading sustainability solutions providers, has sealed a deal with its majority-owned subsidiary Climate Friendly, Australia's most successful carbon offset and renewable energy provider. This involves the sale and immediate integration of Climate Friendly's Carbon and Renewables business into South Pole Group. The aim is to reinforce South Pole Group's global presence and market position as the premier provider of sustainability solutions.
The deal combines the 'best of both worlds': Climate Friendly's standing as established and reliable provider of carbon offsets and renewable energy solutions in Australia and beyond, and South Pole Group's global strength and resources.
The integration of Climate Friendly's Carbon and Renewables business into South Pole Group is effective immediately. The Australian Carbon and Renewables business will rebrand to South Pole Group and operate under the trusted, global penguin brand. The details of the transaction include the following:
Clients and partners will be approached on an individual basis to guarantee a smooth transition and to demonstrate how they will benefit from this new development.