Ambipar: 30 acquisitions after IPO and business expansion with ESG at the core

Ambipar is honored as the Company of the Year in the Best ESG Guide by EXAME; see their best practices.

In July 2021, when Ambipar reached its one-year mark after its IPO, the stock’s appreciation surpassed 50%. In that context, the company completed 17 acquisitions within the same period. Now, they have accomplished 30 acquisitions, triple the number before going public. Venturing into the market demands a strong focus on governance so that all companies share the same values and culture — in Ambipar’s case, guided by ESG principles.

“An example of this is the existence of three advisory committees to the board of directors (audit, conduct, and sustainability). In 2022, the company aims to thoroughly standardize business conduct worldwide,” says Rafael Tello, Director of Sustainability at Ambipar.

Regarding the acquisitions, they are being carried out to complement the company’s portfolio, which includes safety and accident response, waste management, adaptation to climate change, and other fronts that benefit both clients and the company itself.

One example is Biofílica, a company acquired in July of last year, which enabled Ambipar to enter the carbon credit market. “We are ESG by the nature of our business; we help clients, for instance, to eliminate waste in landfills. In another case, we assist in measuring and executing carbon offsetting,” says Tello.

According to the executive, the company’s actions have a direct impact on society. Boomera, another acquisition by Ambipar, for example, supports the development of waste collectors’ cooperatives.

The efforts in safety and minimizing environmental risks also impact the quality of life in communities. “We develop solutions to lead the necessary changes in business and the planet, prioritizing circular economy actions and low carbon footprint.”

The strength of the market and Ambipar’s performance led Gisele Bündchen, who is actively involved in environmental advocacy, to become a shareholder, brand ambassador, and member of the group’s sustainability committee in September 2021.

Ambipar is a company formed by two entities: Ambipar Environment, providing environmental solutions, and Ambipar Response, specializing in accident prevention, response, and emergencies. As such, ESG is inherent in their activities. According to Cristina Andriotti, CEO of Ambipar Environment, beyond offering products and services and being committed to responsible socio-environmental actions, Ambipar has played a role in educating entrepreneurs and investors in the country.

“In all acquisitions since the IPO, we have always considered a complementary and ESG-aligned portfolio. However, we noticed some difficulties in investors’ understanding. That’s why this year, we started hosting them in two sessions every Friday to demonstrate how waste management, carbon credits, and other initiatives occur in practice,” says Andriotti.

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