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Q-GRG Ventures funds ESG management platform as the demand for reporting, transparency and insights grows.

GATINEAU, QUEBEC, April 27, 2021 – Q-GRG Ventures, a partnership between Quantum Energy Partners (QEP) and Global Reserve Group (GRG), has completed a significant Series-A investment in FigBytes, an environmental, social, governance (ESG) and sustainability software company focused on connecting business leaders with the data and insights they need to report on corporate sustainability goals.

The software-as-a-service platform from FigBytes enables customers to quantify sustainability and ESG impacts and embed these metrics into their performance, strategy, and brand. FigBytes’ fully-integrated suite of solutions includes sustainability data collection, impact calculations, ESG reporting, and the ability to create unique content to communicate sustainability performance and improvement against strategic initiatives.

“As the pressure to address key corporate commitments, including net-zero and diversity, equity and inclusion goals, increases, corporations need to demonstrate results supported by investor-grade ESG data,” said FigBytes founder and CEO Ted Dhillon. “This investment allows us to scale operations, expand the capabilities of our software, and support our growing list of enterprise customers. With Q-GRG, we have found investors who understand the increasing market need for accurate ESG and sustainability reporting and align with our approach to address it.”

In response to the expanding group of stakeholders that require transparent ESG and sustainability reporting against an evolving set of requirements, FigBytes provides the only software solution that combines tactical management of ESG and sustainability data and tasks with communication tools that connect results to strategic vision.

“At Quantum, we believe thoughtful management of ESG issues is not just the right thing to do but the smart thing to do,” said QEP founder and CEO Wil VanLoh. “For companies such as ours seeking to progress ESG and sustainability initiatives, leveraging the power of technology and data can result in faster, more material outcomes. We believe FigBytes is well positioned to be the ESG software solutions provider to the companies that will lead us into a more sustainable future.”

GRG founder Jeffrey Harris, who will join FigBytes’ board, said, “We were attracted to FigBytes by the power and ease of use of its software platform. The company’s rapid growth reflects increasing demand for clarity and completeness across many ESG dimensions where corporations, government entities and non-profits are running hard to meet their ESG goals. Ted Dhillon and his team’s deep understanding of customer data needs and the company’s ability to translate that into a cloud-based product with powerful analytics positions FigBytes for continued growth.”

FigBytes Inc. is an integrated sustainability and ESG management platform that empowers organizations in every sector and industry to deliver on strategic purpose, environmental sustainability, and corporate social responsibility (CSR) goals. Our cloud-based technology integrates high-level strategy with enterprise-wide sustainability and ESG data, supports regulatory and voluntary reporting, and enables data-driven storytelling to communicate progress to all stakeholders from customers to employees to investors. To learn more, visit figbytesbrandung.kinsta.cloud.

Quantum Energy Partners, founded in 1998, is a leading provider of private equity capital to the global energy industry, having managed together with its affiliates more than $17 billion in equity commitments since inception. To learn more, visit www.quantumep.com.

Global Reserve Group was established in 2012 by Jeffrey Harris following a 29-year career at Warburg Pincus.  As a senior partner at Warburg Pincus he had a long history of successful investing in technology and energy-oriented companies. FigBytes represents the eighth venture investment supporting innovative technology and data analytics companies serving the energy and sustainability ecosystem that GRG has made in partnership with Quantum Energy Partners, including ChargePoint, workrise, and Dragos. To learn more, visit www.globalreservegroup.com.

Gatineau, Quebec, February 11, 2021. FigBytes Inc. (“FigBytes”), the leading enterprise sustainability and ESG software, today announced that it had achieved accredited partner status with CDP. FigBytes, which provides solutions to enterprises and governments that enable them to track and reduce their climate impacts, is delighted to be named as a trusted silver software solution provider.

CDP is a not-for-profit charity that runs the global disclosure system for investors, companies, cities, states, and regions to manage their environmental impacts. The world’s economy looks to CDP as the gold standard of environmental reporting with the richest and most comprehensive dataset on corporate and city action. CDP datasets are also extensively used by investors and asset managers in their assessments of the ESG impact of investment opportunities.

FigBytes CEO Ted Dhillon said: “We are delighted to receive our CDP Accredited Solutions Provider status. This underlines FigBytes’ continued commitment to ensuring that the entire process of data capture, impact calculations, and framework reporting becomes less burdensome for our customers, who can now spend more time focusing on improving their climate performance rather than on data gathering and calculations.”

Paul Robins, Head of Partnerships at CDP, said: “CDP is excited to partner with FigBytes and its suite of sustainability software solutions. The ability to integrate strategy, brand, performance, data, and reporting provides an elegant, flexible solution to measuring, managing, and communicating impact.”

About CDP:

CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states, and regions. Founded in 2000 and working with over 590 investors with $110 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 10,000 organizations around the world disclosed data through CDP in 2020, including more than 9,600 companies worth over 50% of global market capitalization, and over 940 cities, states, and regions, representing a combined population of over 2.6 billion. Visit cdp.net to find out more.

About FigBytes:

FigBytes Inc. is an enterprise sustainability and environmental, social, and governance (ESG) management software that empowers corporations, governments, and non-profits, to integrate the principles of strategic purpose, environmental sustainability, and corporate social responsibility (CSR) into core business strategies, brand, performance, and reporting. We connect high-level strategy to enterprise-grade sustainability data management and report progress towards goals utilizing our unique Living Infographics™ and data-driven storytelling.

GATINEAU, QC, November 19, 2020 – FigBytes Inc., and THG Energy Solutions, today announced a partnership that will combine THG’s energy and demand management services with FigBytes’ sustainability and environmental, social, and governance (ESG) management platform.

The joint offering will provide comprehensive, one-stop solutions for enterprise clients looking to manage large utility bill datasets and lower demand charges, all within the context of their overarching sustainability strategy.

“Energy is the largest contributor to an organization’s environmental footprint, so prudent energy management is critical to any sustainability management initiative. We’re excited to be working with THG to support energy and demand management solutions as part of our continuum of sustainability solutions,” says FigBytes CEO, Ted Dhillon. Dhillon adds, “The technology integration will enable our customers perform detailed energy consumption and demand-related analytics, while utility data is automatically pushed into the FigBytes platform where the enterprise will be able to manage this within an overall sustainability strategy.”

“Sustainability. Lean. Efficiency. Conservation. Zero Waste. Circular Economy. What does all this mean? The terminology, industry, and requirements may change but whatever your company calls it, successful programs all share the same need – readily accessible data – and that’s our niche,” says Chad Burden, THG’s Vice President of Sustainability Services. “Before our partnership, THG danced around the edges of sustainability reporting. Now, we can feel good about staying in our lane of automated data management to support the biggest global brands with a comprehensive, corporate sustainability joint solution that neither company offered before,” adds Burden.

FigBytes enterprise clients will now have the option to leverage THG’s electronic utility bill acquisition technology and Application Programming Interface (API) that automatically sends bill data from utility providers directly into FigBytes. This addresses a laborious pain point associated with manual utility data entry. The FigBytes/THG partnership provides a holistic approach to sustainability reporting, providing tremendous value by solving the data problem – a critical requirement to participate in a broad range of sustainability reporting protocols, like: CDP, GRI, ESG, CSR, ASHE, BOMA 360, ENERGY STAR, LEED, GRESB, and many others. Don’t see your company’s sustainability protocol here? Contact us to see how we can support it.

About THG Energy Solutions, LLC:

THG Energy Solutions, LLC provides comprehensive energy and demand management solutions that help commercial and industrial facilities across North America implement best-practice energy management strategies. THG’s suite of intelligence offerings range from utility data management and reporting to automated load response technology. THG creates cost-savings, conserves resources, and lowers client risk through actionable energy analytics, sustainability reporting, and automated energy management.

To learn more about THG Energy Solutions, visit www.thgenergy.com

About FigBytes Inc.:

FigBytes Inc. is the leading provider of cloud-based enterprise sustainability and ESG data management software. Its software-as-a-service platform allows companies to quantify their sustainability and ESG impacts and embed these metrics into their performance, strategy, and brand. FigBytes’ fully-integrated suite of sustainability solutions consists of data modules that cater to data collection, calculations and reporting requirements, and engagement modules that enable strategy-mapping, self-service analytics and customized dashboards.

GATINEAU, QC July 30, 2020 – FigBytes Inc., provider of the leading cloud-based integrated strategy, sustainability, and environmental, social and governance (ESG) software announced that it now licenses the Sustainability Accounting Standards Board (SASB) metrics, topics, and technical protocols, which are integrated within its sustainability and ESG management platform.

SASB standards serve as a valuable guide to creating long-term shareholder value for a company by integrating ESG data into their sustainability reporting and risk assessment processes, and by identifying improvement opportunities.

FigBytes CEO, Ted Dhillon said, “We are pleased to announce that we can now integrate the SASB standards in our integrated sustainability and ESG platform. ESG standards such as SASB and more recently TFCD have become important to understanding how companies are embedding ESG impacts into their operations and value creation practices.” He further added, “The FigBytes platform will now allow our customers to leverage the SASB framework to select metrics that are material to them, and then track performance against these metrics in a completely automated way. As operational data gets captured within FigBytes, the SASB reports and visuals of performance against targets will be automatically generated. This will help our customers to conduct ESG impact analysis, identify risks and areas of improvement, and ultimately enhance value creation.”

Jeff Cohen, the Director of Capital Markets Integration and Head of Private Investments Initiatives at SASB said, “Integration of SASB standards into platforms including FigBytes is very exciting and facilitates dynamic and interesting functionality, aiding companies in gleaning useful operational insights and disclosing information consistent with the SASB standards.”

About FigBytes Inc:

FigBytes is an all-in-one cloud-based platform that can be used for sustainability, ESG or CSR data collection, strategy-mapping to that data according to the sustainability goals, data management as well as data reporting in the form of beautiful visualizations instead of using disconnected tools. It has a stack of solutions ranging from data modules to engagement modules. It is a go-to platform to embed sustainability into the company’s strategy, brand, and performance. It has a fully integrated suite of sustainability modules with data-driven story-telling that can move a company beyond non-financial reporting. On top of being a technologically powerful platform, the solution is also supported by a services team that is consistently recognized for providing inimitable customer service, training, and support. The company is headquartered in Gatineau, Canada. To learn more about the FigBytes’ solutions, visit figbytesbrandung.kinsta.cloud.

About Sustainability Accounting Standards Board (SASB):

SASB connects businesses and investors on the financial impacts of sustainability. SASB standards enable businesses around the world to identify, manage, and communicate financially material sustainability information to investors. SASB standards are industry-specific and are designed to be decision-useful for investors and cost-effective for companies. They are developed using a process that is evidence-based and market-informed. To download any of the 77 industry-specific standards, or learn more about SASB, please visit SASB.org.

Gatineau, Quebec, May 19th, 2020/PRLog/ FigBytes FigBytes Inc. (“FigBytes”), the leading enterprise sustainability and ESG software recognized by Verdantix as a “Smart Innovator” in Sustainability Software, today announced the first of a series of technology developments that will empower sustainability and ESG leaders to move beyond rear-view mirror “non-financial reporting” to presenting an integrated strategy and progress towards 2025/30 stretch goals, in close to real-time.  

The FigBytes Sustainability Platform now contains an embedded CMS functionality that enables customers to generate “microsites” (self-contained, focused websites that are connected to and updated in real-time by the underlying data which is collected, cleansed, and calculated within the FigBytes platform). The functionality was originally developed and deployed for the State of Minnesota, who needed the ability to show stakeholders how they are progressing towards their ambitious 2027 sustainability goals. To see what a live microsite generated by FigBytes looks like, visit https://sustainability.mn.gov

FigBytes’ CEO Ted Dhillon said, “Communication and engagement have become essential elements in how organizations tackle their sustainability and ESG challenges. There is increasing demand from institutional investors and the general public for more transparency on key sustainability and ESG metrics. Along with our strategy visualization, Living Infographics™, and visual SDG tracking modules, the FigBytes’ microsite functionality provides our customers yet another way to communicate with and engage internal and external stakeholders around their sustainability and ESG metrics and risks.”

FigBytes’ Chief Commercial Officer, Colin Grant added, “FigBytes is a recognized industry leader in bringing sustainability and ESG alive and integrating it into core business strategy, which is essential as companies, countries, cities and non-profits look to create deeper change and achieve huge stretch goals, typically by 2030. This new development allows us to offer further options to organizations that recognize that siloed sustainability initiatives, old-fashioned charts and graphs and seldom-read retrospective reports are not going to work to drive business and government transformation this decade. This adds to our ability to help our clients to integrate strategy, performance, brand, and what we call, ‘beyond reporting’ engagement.”

About FigBytes
FigBytes Inc. is an enterprise sustainability and environmental, social, and governance (ESG) management software that empowers corporations, governments, and non-profits, to integrate the principles of strategic purpose, environmental sustainability, and corporate social responsibility (CSR) into core business strategies, brand, performance, and reporting. We connect high level strategy to data and report progress towards goals utilizing our unique Living InfographicsTM and data-driven storytelling.

Gatineau, Quebec, November 21, 2019 /PRLog/ FigBytes Inc. (“FigBytes”), the leading enterprise sustainability software, announced today that it is the recipient of a provincial level MercadOr Quebec award in the Market Diversification category, one of twelve for this event. This is FigBytes’ third award following its September 19, 2019 win of two awards: Market Diversification Award and Export Leader Award, from Export Outaouais, a regional export promotion organization in the Gatineau, QC region, where FigBytes is a registered company.

“In this era of globalization, market diversification is essential to Québec’s prosperity. That’s why we are very pleased to highlight the success of local companies that are effectively positioned in foreign markets. I want to congratulate the winners, but also all the finalists, who have stood out for their efforts on the international stage. I hope that their success will inspire other Quebec companies to embark on the export adventure, ” said Nadine Brassard, president of Commerce International Quebec (CIQ).

November 20, 2019 was the second MercadOr Quebec Gala, a provincial export awards event organized by CIQ. It celebrates the success of Quebec exporting companies and is supported by partners including Export Quebec, a unit of the Ministry of Economy and Innovation. CIQ showcases Canadian companies that are successful abroad and promotes B2B exchanges. Learn more here: https://mercador.ca/

Ted Dhillon, FigBytes CEO, accepted the award and stated: “FigBytes is thrilled to accept this prestigious award in recognition of our global sales and marketing efforts. We value the strong relationships with our clients based on mutual goals of purpose-driven strategy, sustainability, and transparency. We look forward to continued expansion of our markets, while maintaining our signature high-calibre service and technology for our current and future clients.”

Colin Grant, FigBytes’ Chief Commercial Officer added, “The FigBytes platform is deployed in over 160 countries and on some of the most challenging strategic projects being undertaken. As humankind works to navigate our most critical and challenging decade ever, we look forward to empowering leaders to create and implement truly transformative strategies.”

About FigBytes

FigBytes Inc. is an enterprise sustainability management software that empowers corporations, governments, and non-profits, to integrate the principles of strategic purpose, environmental sustainability, and corporate social responsibility (CSR) into core business strategies, brand, performance, and reporting. We connect high level strategy to data and report progress towards goals utilizing our unique Living InfographicsTM and data-driven storytelling.

About Commerce International Québec

CIQ is the network that brings together the 16 regional export promotion organizations located throughout Quebec, to represent their provincial and federal interests, allowing them to share best practices and expertise in international trade. Each year, CIQ collectively supports over 2,000 businesses to develop new markets across Canada and worldwide. https://ciquebec.ca/

GATINEAU, QC October 15, 2019 /PRLog/ FigBytes, (“FigBytes” or “the company”), provider of the leading cloud-based integrated strategy and sustainability software platform, today announced that Verdantix, an independent research and consulting firm with expertise in environment, health, safety and quality, and operational excellence, has included FigBytes Inc. among market leaders in its first “Smart Innovators: Sustainability Management Software”, report issued on October 14, 2019.

With the sustainability management software landscape evolving beyond compliance with Environmental Health and Safety (EHS) regulations, to a more diversified field of reporting, Verdantix is expanding their analyst coverage.  The expanded field of reporting includes, but is not limited to, materiality assessments, social impact, and supply chain sustainability

A summary of the Verdantix report can be read here:  http://bit.ly/33zLJ2d

FigBytes CEO, Ted Dhillon said: “FigBytes is pleased to be included in this new reporting category from Verdantix.  We are proud to have established FigBytes as an early adopter in broader-ranging sustainability reporting.  We recognized early that growing pressure from consumers, and both governmental and non-governmental regulations would increase the scope and depth of data analyzed.  We also recognized the need to connect these granular data to a high-level strategy and we are experiencing major growth because of our unique capabilities.”

Colin Grant, FigBytes Chief Commercial Officer, added: “We describe FigBytes as ‘where purpose meets data.’  There is massively increasing pressure on companies and local, regional and national governments to show timely progress towards major goals such as climate neutrality rather than providing a rear-view mirror compliance report. FigBytes is uniquely capable of showing the strategic purpose above the data.”

The FigBytes sustainability platform provides sustainability/CSR professionals with a fully integrated, scalable suite of powerful cloud-based sustainability modules, including strategy mapping, environmental, and social impact data management, using visualizations and data-driven storytelling.  All of these elements are linked together to provide a “strategic sustainability” approach, that can connect everything critical for the organization from activities “in the field”, to an integrated board room strategic view. The solution is supported by a services team that is consistently recognized for providing unsurpassed customer service, training, and support.

About FigBytes
FigBytes is where purpose meets data.  FigBytes offers enterprise sustainability data management software through a SaaS model.  Our sustainability management software gives clients the option to integrate their strategy with their carbon management in addition to CSR data, integrating the principles of environmental sustainability and social impact into their core strategy, performance, and brand.   FigBytes is the only platform that includes the UN SDGs as an embedded framework within their platform, in addition to the more traditional GRI reporting and CDP reporting.  FigBytes replaces outdated, disconnected reporting tools with a cloud-based system that can transform raw data into intuitive and beautiful visualizations of strategy, performance, and brand. The company is headquartered in Gatineau, Canada with partners located internationally. To learn more about the FigBytes’ solution, visit https://figbytes.com.