Founded in 2020 in Brussels, Greenomy has rapidly established itself as a benchmark in digital solutions to assist businesses comply with increasingly demanding regulations, such as the CSRD, the European taxonomy and the VSME standard for SMEs. Its SaaS platform, enhanced by generative AI, aims to simplify the production of ESG reports and turn regulatory compliance into a strategic lever.
With its 45 employees, Greenomy now joins a larger group, present throughout Europe, Position Green, which is strengthening its presence at the heart of the European Union and enhancing its offering. Already active in carbon management, supply chain transparency and consultancy, the Nordic group aims to build the most comprehensive ESG platform in Europe.
“Europe is in the process of rewriting its green economy through regulation and finance. This creates complexity for businesses, but also huge opportunities for those prepared to lead,” declared Position Green chairman and co-founder Joachim Nahem.
Position Green is growing quick. Its sales are estimated at around €70.4m a year, after recording consolidated revenues of €7.6m in 2022, and growth of more than 80% between 2023 and 2024. The company currently employs between 320 and 400 people in several offices in Europe and the United States. In terms of financing, Position Green raised around €644,000 in seed funding in 2021, before becoming part of the Position Green Group in April 2022. More recently, in March 2025, the company carried out a capital increase of €4.35m from its shareholders, supplemented by €226,000 via an employee share ownership scheme, confirming the ambition to consolidate its position in the European sustainable reporting market.
For Greenomy, this merger marks a new stage: “Our customers now benefit from the best of both worlds: our regulatory and technological expertise integrated into the quick-growing Position Green platform”, stresses Greenomy’s managing director, Marlies Gevaert.
Euroclear remains a shareholder
The transaction is a continuation of the partnership forged from 2022 with Euroclear, European financial infrastructure and majority shareholder in Greenomy since then. Euroclear will remain a shareholder in the new entity, confirming its interest in integrating sustainability data into financial markets.
“Capital markets are central to Europe’s green transition, and this requires reliable data and transparent reporting,” points out Nils Jean-Mairet, CFO of Euroclear.
The global ESG reporting software market is estimated to be worth more than $1.3bn in 2023 and could exceed $5.6bn by 2029, according to Verdantix. Nearly 60% of companies already apply such tools. This dynamic is accelerating the consolidation of a hitherto fragmented sector.
While Greenomy has chosen to develop its headquarters in Brussels, the company had, from the outset, studied the possibility of setting up in Luxembourg. In February 2023, it entered into a strategic partnership with Spuerkeess to offer Luxembourg companies sustainable reporting solutions that comply with the new European obligations. A way of demonstrating its interest in a market where sustainable finance is playing a growing role.
This article was originally published in .
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