The archive · Money & Fintech · Strategic decision · 2020–2025
Greenomy bets the EU's CSRD mandate creates a reporting market; sold to Position Green
Brussels startup Greenomy built SaaS for EU sustainability reporting, got backed by Euroclear, and was acquired by Position Green as CSRD deadlines hit.
Greenomy
What the business is
Greenomy is a SaaS platform that helps companies and financial institutions collect ESG data and produce sustainability reports compliant with EU frameworks — CSRD, EU Taxonomy, SFDR and later VSME.
How it started
Founded in Brussels in 2020, Greenomy built a one-stop SaaS platform to help corporates, credit institutions and asset managers comply with new EU sustainable-finance legislation. In January 2022 Euroclear made a strategic investment (terms undisclosed), betting on Greenomy's ambition to become global ESG market infrastructure; the platform later won first place for sustainable finance at the G20 TechSprint.
What happened
The CSRD entered into force in January 2023 and extended sustainability reporting from roughly 11,000 to an estimated 50,000 companies, with first reports due in 2025 for financial years starting on or after January 1, 2024. Greenomy scaled distribution partnerships — Swift for ESG data across its network, ERM for advisory, Cerved for the Italian market — and became known as one of the most advanced CSRD/EU Taxonomy/VSME platforms, with customers globally.
How it ended up
In September 2025, Position Green — the Nordic ESG software and advisory leader serving 800+ companies — acquired Greenomy, keeping its 45-person Brussels team as its EU regulatory hub; Euroclear, majority investor since 2022, remained a shareholder in the combined group.
Background
Greenomy was founded in Brussels in 2020 to turn European sustainability regulation into a software problem. Its SaaS platform helped corporates, credit institutions and asset managers capture ESG data and report under EU frameworks — EU Taxonomy, SFDR and CSRD — as a one-stop shop.
The bet rested on regulation scaling up. The EU's Corporate Sustainability Reporting Directive (CSRD) entered into force in January 2023, extending reporting duties from roughly 11,000 to an estimated 50,000 companies, with the first reports due in 2025 for financial years starting on or after January 1, 2024.
Greenomy positioned itself as neutral infrastructure rather than a consultancy: Euroclear made a strategic investment in January 2022, and Greenomy later partnered with Swift to distribute ESG data across Swift's network, plus ERM and Cerved for advisory and the Italian market. It also took first place for sustainable finance at the G20 TechSprint.
In September 2025, Position Green — the Nordic ESG software and advisory leader serving more than 800 companies — acquired Greenomy, keeping its 45-person Brussels team as its EU regulatory base, with Euroclear remaining a shareholder. A regulation-driven market had consolidated around platforms that make compliance systematic.
What has to be true
- CSRD turned sustainability reporting from voluntary into mandatory for an estimated 50,000 companies, creating a real, deadline-driven software market.
- Greenomy built one data model covering several EU frameworks, making it a platform rather than a one-off reporting service.
- Strategic distribution — Euroclear's investment and the Swift partnership — gave it reach into financial-market infrastructure that pure SaaS startups couldn't match.
- Timing worked: product and partnerships were ready as the first CSRD reports came due in 2025, and the company was acquired just as the market consolidated.
What can be applied
A regulation with a hard deadline creates a market with a clock: build compliance as a product, attach to distribution early, and you become the infrastructure a bigger player has to buy.
Aftermath
As of September 2025, Position Green, the Nordic ESG software and advisory company majority-owned by Norvestor serving 800+ companies, had acquired Greenomy. Greenomy's 45 employees and Brussels base became Position Green's EU regulatory center, and Euroclear — majority investor since 2022 — stayed a shareholder. Position Green framed the deal as consolidation of Europe's fragmented sustainability-tech market, after its Morescope carbon deal. The ESG reporting software market was projected to grow from $1.3B in 2023 to over $5.6B by 2029, and founder Alexander Stevens stayed on as advisor.
Sources
- Euroclear makes strategic ESG investment in Greenomy
- Greenomy Partners With Swift To Enable Seamless ESG Data Reporting
- Environmental, social and governance | UK Regulatory Outlook July 2024
- ESG Reporting Platform Greenomy Acquired by Position Green
- Position Green has acquired Greenomy
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