LRQA, a leading global provider of digitally enabled assurance services including environmental conformity assessments, will acquire ELEVATE, an industry leader in ESG and supply chain services, to create a powerful offer for clients as they navigate an ever-changing risk landscape.
The combination is expected to be mutually beneficial for LRQA and ELEVATE. Combining complementary product portfolios and geographic footprints, with the opportunity to advance their digital offering, the group will be in an even better position to serve clients’ needs.
As innovators in their respective market segments, together LRQA and ELEVATE will offer an expanded range of data-driven insight, advisory services, analytics and best practice for sustainable supply chain assurance. With in-depth local market expertise, the combination will deliver brand and ESG assurance, cybersecurity, inspection services and training across a wide range of industries including food, retail, electronics, energy, manufacturing, financial services and apparel.
Over the last six years, ELEVATE teams have designed and implemented an end-to-end ESG service ecosystem that is built on the strong foundations of on-the-ground assessment, advisory, program management and analytics. This service ecosystem evolves the prevailing one-size-fits-all audit paradigm to one that is designed to reflect the unique needs of a customer’s risk profile and sourcing structure.
LRQA, which became a fully independent business owned by funds managed by Goldman Sachs Asset Management in December 2021, is focused on enhancing its portfolio in key growth areas and capitalising on increasing demand across its markets for assurance, inspection and cybersecurity services.