Sustainability data and tech provider ESG Book has closed a $35 million Series B funding round.

The round, led by global investment firm Energy Impact Partners, saw participation from Meridiam and Allianz X, the digital investments arm of global insurer and asset manager Allianz.

The new capital will be used to scale the company and further develop ESG Book’s technology capabilities, enabling clients to meet increasingly complex sustainability requirements, as well as accelerate the company’s expansion as it responds to growing demand for technology-enabled ESG data solutions.

ESG Book CEO Daniel Klier says: “Investors, companies, and all market participants are today demanding better, technology-enabled solutions in order to direct capital towards more sustainable and higher impact assets.

“ESG Book is disrupting how sustainability is integrated and measured on a global scale by using next-generation technology that makes ESG data accessible, comparable and transparent,” Klier adds.

The company’s cloud-based platform makes ESG data accessible, consistent and transparent, enabling financial markets to allocate capital towards more sustainable and higher impact assets.

ESG Book pegs the ESG data and services market at $5 billion and says the investment will help expand its services “worldwide”.