In a move set to reshape the human capital analytics landscape, New York-based Denominator has announced the acquisition of Amsterdam-headquartered Equileap, a leading provider of gender equality and diversity data. The merger brings together two of the world’s most recognized players in social and human capital intelligence, with the shared goal of creating a global leader in equality, diversity, and workforce data.

Building the World’s Most Comprehensive Human Capital Dataset

Founded in 2021, Denominator has quickly established itself as a trusted source for social and workforce-related metrics. Its platform maps millions of public and private companies worldwide, providing investors and businesses with granular insights into diversity, human rights, labor practices, health and safety, and other social performance indicators. Equileap, launched in 2016, has been instrumental in advancing gender equity analytics for global investors. Its Gender Equality Scorecard evaluates companies across detailed metrics such as gender balance at all levels, pay equity, parental leave policies, anti-harassment practices, and support for LGBTQ+ employees. The company’s research and rankings have become reference points for asset managers integrating gender data into investment decisions. The combined entity will now offer coverage of 5.5 million companies and more than 1,800 data points, serving over half of the world’s 20 largest asset managers. This scale marks a milestone in the evolution of human capital data, an area investors are only beginning to integrate as systematically as environmental and climate considerations.

“This acquisition marks a pivotal moment,” said Anders Rodenberg, CEO of Denominator. “In the age of AI, access to specialized, high-integrity data is critical. Integrating Equileap’s leading gender equality dataset strengthens Denominator’s ability to deliver smarter, actionable human capital insights empowering investors to align capital with both values and returns.”

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Bridging the Gap Between ESG and Human Capital Intelligence

The acquisition reflects a growing recognition among investors that social and workforce performance from diversity and equity to workplace safety and inclusion has direct financial relevance. While climate and biodiversity metrics are now embedded into many ESG frameworks, data on people-related performance remains fragmented and underdeveloped. By combining Denominator’s AI-powered analytics and Equileap’s deeply researched diversity dataset, the merged company aims to offer institutional-grade human capital intelligence to both corporations and investors seeking to manage social risks and identify inclusion-driven opportunities.

“Equileap was founded to close the workplace equality gap for everyone, everywhere,” said Diana van Maasdijk, Co-founder and CEO of Equileap, who will now serve as Chief Commercial Officer of Denominator. “By joining Denominator and their AI infrastructure, we can accelerate that vision, broadening our reach and deepening our impact where it matters most.”

Lotte van der Stelt, Equileap’s current COO, will assume the expanded role of Chief Operating Officer of Denominator, ensuring operational integration and continuity across both organizations.

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A New Era for Data-Driven Equality

The transaction signals a turning point in how investors and corporations approach social and human capital disclosure. As global reporting standards such as the ISSB’s IFRS S1 and S2 and the EU’s CSRD expand the definition of material sustainability data, demand for auditable, standardized human capital insights is rising sharply. With Equileap’s proven methodology and Denominator’s scalable data infrastructure, the combined platform will help bridge the gap between social metrics and financial performance, making it easier for investors to evaluate how workforce equality contributes to long-term value creation. The merger also underscores the accelerating convergence of ESG and AI, as next-generation analytics platforms turn unstructured human capital information into decision-ready intelligence.

As Rodenberg summed up, “Human capital is the last frontier of ESG data. By uniting the strengths of Denominator and Equileap, we are not just measuring equality, we’re powering it.”

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