Pole Star acquires start-up in effort to strengthen sustainability screening

Vessel-tracking and regulatory specialist, Pole Star, has announced that it has acquired a controlling stake in the London-based start-up, Vasanda.

The acquisition will give Pole Star a “single-point, end-to-end screening solution for the full spectrum of risks across sanctions, compliance and sustainability in the global commodities trade”.

“This exciting new partnership with Pole Star has come just at the right time for banks, lenders and companies engaged in the international trade finance supply chain,” said Philip Lilliefelth, acting CEO, Vasanda. 

“All around the globe, regulators and investors are intensely concerned about the environmental and social impact of the commodity industry.”