Greentrends

What Greentrends does

Greentrends LLC is a privately held Mongolian environmental consulting firm founded in January 2012 and headquartered in Ulaanbaatar. The company provides a comprehensive suite of professional services centered on Environmental Impact Assessment (EIA), environmental monitoring, mine closure planning, and Asset Retirement Obligation (ARO) financial calculations compliant with IFRS IAS 37, IFRS 37, and FASB ASC 410-20 standards. It holds an EIA license issued by the Mongolian State Registration Authority in April 2013, which underpins its core service offering across mining, infrastructure, agriculture, manufacturing, energy, and services sectors. As of 2024, the firm reports completion of more than 150 environmental consultancies spanning all 21 aimags (provinces) of Mongolia and a client base exceeding 50 organizations over nine years of operation.

The firm's service portfolio includes core offerings (EIA, environmental monitoring, environmental consulting) and specialized modules such as strategic and cumulative impact assessment, environmental outsourcing, waste management planning, environmental damage assessment, biodiversity conservation plans, mine closure planning, environmental risk assessment, ARO services, ESG advisory, and project/contract management. Since November 2023, the firm has operated the Aeroqual Ranger portable air quality monitor — measuring PM1, PM2.5, PM4, PM10, TSP, and 15 gas pollutants including NO2, SO2, CO, H2S, O3, and CH4 — and is the sole authorized Aeroqual distributor in Mongolia. Strategic partnerships with Canadian firms Ecometrix Incorporated and GeoCentric Environmental Inc. (signed September 2020) provide international methodology support, and an academic partnership with the German-Mongolian Institute for Resources and Technology (since 2016) supports talent development.

Greentrends generates revenue primarily through project-based professional services fees, supplemented by environmental monitoring retainers and hardware distribution. The go-to-market is enterprise field sales with direct client engagement; services are quote-based with no public pricing. The primary client segment is the mining sector, including Oyu Tolgoi LLC (ARO contract extended 2023-2025), Mongolyn Alt (MAK) LLC, SouthGobi Sands LLC, and Terra Energy LLC, with secondary segments in infrastructure, financial institutions (including the World Bank and Asian Development Bank), agriculture, and energy. The firm was recognized as the top-performing environmental firm in 2023 by the Mongolian Association for Impact Assessment, reflecting its position as one of the most established EIA practitioners in the country.

Name

Greentrends

Legal name

Greentrends LLC (Грийнтрендс ХХК)

Website

https://greentrends.mn

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Greentrends is a Mongolian environmental consulting firm (founded 2012) providing EIA, environmental monitoring, mine closure planning, and ARO financial calculations to mining, infrastructure, energy, and financial institution clients across all 21 provinces of Mongolia.

Ownership category

akta.pro rank

Product category

Environmental Consulting Services

NAICS

Environmental Consulting Services (54162), Support Activities for Mining (2131), Engineering Services (541330)

SIC

Services-Management Consulting Services (8742), Services-Engineering Services (8711)

akta.pro primary industry

Environmental Compliance & Permitting (BPAHAJAA)

akta.pro secondary industries

Air Quality & Emissions Management (BPAHAJAI), Sustainability & ESG Consulting (BPAHACAK), Sustainability, ESG & Climate Risk Advisory (BPAHAJAH)

Keywords

• Environmental consulting
• Environmental impact assessment
• Mine closure planning
• Asset retirement obligation
• Environmental monitoring

Headquarters

HQ city

Ulaanbaatar

HQ country

Mongolia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Environmental Impact Assessment Consulting: Project-based consulting fees for conducting environmental impact assessments across mining, infrastructure, agriculture, manufacturing, and services sectors. Includes cumulative impact assessments, status evaluations, and detailed assessments.
2. Environmental Monitoring Services: Ongoing environmental monitoring and measurement services using specialized equipment and personnel for monitoring project impacts.
3. Asset Retirement Obligation (ARO) Calculations: Financial provision estimates and calculations for mine closure and rehabilitation obligations, based on current levels of disturbance and reclamation activities.
4. Environmental Outsourcing: Comprehensive environmental compliance and outsourcing services for facilities management and regulatory adherence.
5. Environmental Technology Distribution: Sale and distribution of environmental monitoring equipment including Aeroqual air quality monitors as sole authorized distributor in Mongolia.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Greentrends provides project-based environmental consulting services in Mongolia, including Environmental Impact Assessments (EIA), environmental monitoring, mine closure planning, Asset Retirement Obligation (ARO) financial calculations, environmental outsourcing, biodiversity conservation planning, and ESG advisory. The firm has completed 150+ projects across all 21 aimags (provinces) of Mongolia, primarily serving mining, infrastructure, energy, and financial institution clients such as Oyu Tolgoi LLC and Mongolyn Alt (MAK) LLC. The firm is also the sole authorized distributor of Aeroqual air quality monitoring equipment in Mongolia.

Product overview

Greentrends is a Mongolian environmental consulting firm offering a comprehensive portfolio of services rather than a software product. The core offering includes Environmental Impact Assessment services covering all 21 aimags of Mongolia with over 150 projects completed. Supporting service modules include Environmental Monitoring, Environmental Consulting, Environmental Outsourcing, Waste Management Planning, Environmental Damage Assessment, Biodiversity Conservation Plans, Mine Closure Planning, Asset Retirement Obligation (ARO) Services, Environmental Risk Assessment, ESG Advisory Services, and Project/Contract Management. Technical capabilities include Aeroqual Ranger air quality monitoring for measuring particulate matter (PM1, PM2.5, PM4, PM10, TSP) and gas pollutants (NO2, SO2, CO, H2S, O3, CH4). The company operates primarily as a professional services firm serving mining, oil and gas, infrastructure, energy, and agriculture sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Environmental Impact Assessment Comprehensive environmental and social impact assessments for mining, infrastructure, agriculture, manufacturing, and services projects across all 21 aimags of Mongolia, with over 150 projects completed since inception.
• Environmental Monitoring On-site environmental monitoring and measurement services using the firm's own personnel and equipment to control and assess project impacts on the environment.
• Asset Retirement Obligation (ARO) Services Financial provision estimates and calculations for mine closure and rehabilitation obligations, compliant with IFRS IAS 37 and FASB ASC 410-20, including current levels of disturbance and reclamation activities.
• Mine Closure Planning Mine closure planning, performance assessment, and management services for mining operations, including update of mine closure plans and related cost estimates tied to the operation's life-of-mine plan and feasibility study.
• Strategic and Cumulative Impact Assessment Strategic environmental assessment and cumulative impact assessment services that evaluate the combined effects of multiple projects in a region.
• Environmental Outsourcing Outsourcing services for environmental law enforcement and compliance with applicable laws and regulations, including facilities management and regulatory adherence support.
• Waste Management Planning Development of waste management plans and strategies for industrial and mining operations.
• Environmental Damage Assessment Assessment and valuation of environmental damage caused by industrial activities.
• Biodiversity Conservation Plans Development of biodiversity surveillance and conservation plans with equivalency advisory services.
• Environmental Risk Assessment Risk assessment and management services for financial institutions and industrial projects.
• Environmental, Social, and Governance (ESG) Advisory ESG risk management advisory, ESG performance auditing, and ESG training services for banks, financial institutions, and high-risk sector organizations.
• Aeroqual Ranger Air Quality Monitoring Service Portable air quality measurement service using Aeroqual Ranger equipment, measuring PM1, PM2.5, PM4, PM10, TSP, and 15 types of gas pollutants including NO2, SO2, CO, H2S, O3, and CH4.
• Project and Contract Management Professional services for project and contract management across all phases from concept study through feasibility and design to operations.
• Environmental Consulting Services Advisory services that propose and implement environmentally friendly, efficient, and practical solutions for client requests and problems, serving as the firm's overarching consulting engagement.

Quantifiable outcome

• 150+ environmental consultancies completed across all 21 aimags of Mongolia
• +1 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• AeroqualcoreChannel Partner/ Reseller/ Distributor · 9 November 2023Sole authorized distributor of Aeroqual products in Mongolia. Greentrends provides air quality monitoring services using Aeroqual Ranger equipment and also sells these monitors according to client needs and requirements.
• Ecometrix IncorporatedcoreStrategic or Co-development Partner · 28 September 2020Strategic partnership with Canadian firm Ecometrix Incorporated to deliver strategic environmental solutions to the mining industry and other resource-based industries in Mongolia. Ecometrix provides knowledge-based services including environmental impact assessments, ecological and human health risk assessments, hydrogeology, water and waste management, and remediation engineering.
• GeoCentric Environmental Inc.coreStrategic or Co-development Partner · 28 September 2020Strategic partnership with Canadian firm GeoCentric Environmental Inc. to provide collaborative environmental and natural resource management solutions. GeoCentric specializes in assessment, remediation, and strategic advice across oil and gas, rail, mining, and telecommunication sectors.
• German-Mongolian Institute for Resources and TechnologyminorOthers · 1 January 2016Cooperation since 2016 to support training of new generation engineers and applied research in Mongolia. Within this cooperation, students have participated in internship programs and graduates have been employed.
• Oyu Tolgoi LLCcoreOthersMajor mining client for whom Greentrends conducts Mine Closure and Rehabilitation (ARO) financial calculations. Contract ongoing since 2020, extended for 2023-2025.
• Mongolyn Alt (MAK) LLCcoreOthersMajor mining client for whom Greentrends completed Asset Retirement Obligation calculations for the Nariin Sukhait coal mine.
• World BankminorOthersAwarded first international contract in 2016 by World Bank to complete comprehensive Regional Environmental Impact Assessment and Environmental and Social Impact Assessment for Coal to SNG plant in Mongolia.
• Asian Development Bank (ADB)minorOthersListed partner organization in Greentrends' partner network.
• SouthGobi Sands LLCcoreOthersClient for legal and environmental consultancy services including groundwater exploration project in Tooroin Shand and Sumber-Biluut coal deposits.
• PlanetGOLDminorOthersListed partner organization in Greentrends' partner network.
• The Asia Foundation (TAF)minorOthersListed partner organization in Greentrends' partner network.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Arcadis NV: Global design and consultancy with significant environmental impact assessment and sustainability advisory practice serving mining, infrastructure, and financial institution clients.
• AECOM Environment: Global infrastructure consulting firm with substantial environmental services practice spanning impact assessment, mine closure, and ESG advisory for mining and infrastructure clients.
• WSP Environment & Earth: Global engineering and environmental services firm with strong mining EIA, permitting, and closure capabilities; competes for the same international-project mandates in Mongolia and Central Asia.
• Tetra Tech: International consulting and engineering firm with a leading environmental practice covering mining, water resources, and ESG — a peer for large mining and infrastructure EIA/ARO engagements in Mongolia.
• SLR Consulting: Global environmental and EHS consultancy with deep mining sector practice, providing EIA, mine closure, ARO, and ESG advisory — directly comparable to Greentrends' mining-focused service offering.
• GHD Advisory: Global engineering and environmental consulting firm offering environmental impact assessment, mine closure, ESG advisory, and infrastructure environmental services; competes for multi-jurisdictional projects in emerging markets.
• Ramboll Environ (Ramboll): International engineering, consulting, and sustainability firm with a strong environmental and ESG advisory practice serving mining and energy clients globally — directly comparable to Greentrends' offering.
• ERM (Environmental Resources Management): Global EHS and sustainability consulting leader that competes for the same large environmental impact assessment, mine closure planning, and ESG advisory mandates that Greentrends serves — particularly on international-funded mining projects in Mongolia.

Direct peers

• SRK Consulting: Mining-focused consultancy providing mine closure planning, environmental impact assessments, and resource estimation; especially relevant for Oyu Tolgoi and other large Mongolian mining operators where Greentrends competes or partners.

Regional players

• Bureau Veritas Mongolia: Global testing, inspection, and certification company with operations in Mongolia providing environmental monitoring, compliance verification, and ESG-related assurance services to industrial and mining clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Greentrends.mn
• Xx.com/GreentrendsMn
• LinkedInlinkedin.com/company/greentrends

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Greentrends