Media Release – 17th December 2012
NEW MERGER TO CREATE BIG WAVES IN SUSTAINABILITY FOR AUSTRALIAN ORGANISATIONS
ECO-Buy Ltd and Net Balance are merging, combining their sustainable supply chain and sustainable procurement advisory services to create Australia’s largest sustainable supply chain consulting group.
The coming together of two of Australia’s leading specialist sustainability organisations presents significant opportunities to enhance positive impact and service delivery to Australian government and organisations through more effective management of supply chain risks and creation of opportunities for positive social and environmental impact.
The merger was finalised last week and follows a number of successful partnerships between the two organisations. “This is an exciting new chapter for ECO-Buy and Net Balance – and what is most exciting about it is the impact we are together hoping to create in using procurement and supply chains as a vehicle for efficiency, improved environmental and social outcomes, and significant value creating in local communities in Australia and abroad” said Terence Jeyaretnam, Executive Director of Net Balance.
Mike Hill, Foundation Chair of ECO-Buy said that “the ECO-Buy Board was thrilled that after five years of operating as a not-for-profit, ECO-Buy had emerged as a player in the commercial world. Our intention had always been to show that an agency promoting sustainable purchasing needed to be a part of the procurement scene and this merger has brought that objective to fulfilment.”
Additionally, the merger provides the opportunity to expand the ECO-Buy membership base, as well as offer new member services, drawing on Net Balance’s broader sustainability expertise (e.g. carbon accounting and environmental metrics, social impact measurement, stakeholder engagement, economics and policy analysis).
Contacts and further information:
Mike Hill, Foundation Chair, ECO-Buy
Backed by over ten years of delivering practical programs, ECO-Buy's objective is to increase the demand and use of sustainable products and services. ECO-Buy offers a wide range of services to enable organisations to make sustainable procurement ‘business as usual’, including membership, consulting services, training, resources, and events. ECO-Buy’s head office is in Melbourne, but works across the country and internationally.
Terence Jeyaretnam, Director, Net Balance,
Net Balance is one of Australia’s leading as well as largest full-value chain sustainability advisory firms. It is a for-purpose business, which specialises in all aspects of sustainability and social responsibility. Net Balance’s focus is on five key domains – sustainability strategy and advice, climate change, environmental services, social and community investment and economics. Net Balance has offices in Melbourne, Sydney, Brisbane, Hobart and London and works both across the country and internationally.