Sustainability-focused fintech company ESG360° is planning to grow its Glasgow office having secured a £1 million grant from Scottish Enterprise (SE).

The London-headquartered company, which provides businesses with the tools and insights needed to help them navigate the complexities of Environmental, Social and Governance (ESG) compliance, established an office in the city last year.

Now, with SE support, it intends to invest in its Glasgow operations, ‘creating more than 30 high-value jobs over the next three years and reinforcing the city’s reputation as a hub for innovation and sustainability-focused businesses.’

Anj Chadha, founder and CEO of ESG360°, said: “Glasgow is the ideal location for our next phase of growth. This grant from Scottish Enterprise is a vote of confidence in our vision and our ability to deliver measurable impact for businesses worldwide.”

According to recent research from Bain & Company, almost 90% of business leaders in Europe, the United States and Asia indicated that their companies would require advanced technologies such as data-collection platforms to meet their sustainability objectives.

ESG360° believes that its ‘expert-led, AI-powered ESG platform is uniquely placed to capitalise on the opportunities presented by this rapidly growing global market.’

Business Minister Richard Lochhead said: “The fintech sector has grown 10-fold in Scotland since 2018 and supports more than 11,000 jobs. This welcome expansion by ESG360° shows the pace is not slowing and demonstrates Scotland’s position as the natural home for businesses operating at the cutting edge of data, technology and sustainability.”

SE’s support for ESG360° is aligned with the economic development agency’s missions-based approach. One of its aims is to double the number of scale-up businesses operating in Scotland over the next ten years by focusing on industries where Scotland has a competitive edge, of which fintech is one.

Reuben Aitken, managing director of international operations at Scottish Enterprise, said: “We’re genuinely delighted that ESG360° has chosen Glasgow as the location to scale its businesses. It joins a growing number of internationally headquartered fintech companies who’ve set up operations in the city due to its reputation as a centre of talent, innovation and collaboration.”

ESG360° has also received backing from Invest Glasgow, which provided the business with a property grant, and FinTech Scotland as one of the winners of the body’s ‘Shaping the Future of ESG in Financial Services’ innovation call.

Recommended reading

• VC Funding in Emerging Markets Fell 40% Last Year
• Edinburgh Ranks Among Top VC Hubs in New Report
• UK Tech Sector Secures a Third of European VC Funding in 2024

“Working with FinTech Scotland has provided us with unparalleled opportunities to work with top financial institutions and to collaborate with the Universities of Glasgow and Strathclyde, greatly enhancing our capabilities,” added Mr Chadha.

Nicola Anderson, CEO at FinTech Scotland, said: “At FinTech Scotland we believe that harnessing technology and collaboration can accelerate sustainable finance solutions, so it’s great to see ESG360° embracing fintech research and innovation focused on meaningful impact.

“This reinforces the role of fintech in shaping a more sustainable and resilient future and strengthens Scotland’s position as a leading fintech cluster.”