Sustainable Fintech Firm ESG360° Expands in Glasgow

ESG360°, a sustainability-focused fintech company, announces plans to expand its operations in the Glasgow. The London-based firm has secured a £1 million grant from Scottish Enterprise to support its growth, with ambitions to create over 30 high-value jobs in the next three years.

Founded to help businesses navigate the complexities of Environmental, Social, and Governance (ESG) compliance, ESG360° set up its Glasgow office last year. With this investment, it aims to scale its operations, reinforcing Scotland’s position as a hub for fintech innovation.

Why Glasgow?

For ESG360°, Glasgow offers the ideal mix of talent, innovation, and collaboration. The city has a strong fintech ecosystem, bolstered by institutions like the Universities of Glasgow and Strathclyde and organisations such as FinTech Scotland.

Anj Chadha, Founder and CEO of ESG360°, sees the expansion as a step towards delivering greater impact: “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.”

ESG360°’’s expansion is also backed by Invest Glasgow, which provided a property grant, and FinTech Scotland, which recognised the company as one of the winners of its ‘Shaping the Future of ESG in Financial Services’ innovation call, awarding it some more funding to develop their solution. These partnerships are helping ESG360° build strong links with Scotland’s financial and academic institutions, enhancing its capabilities in ESG compliance and fintech innovation.

The Growing Role of ESG in Fintech

Recent research from Bain & Company suggests that nearly 90% of business leaders across Europe, the US, and Asia recognise the need for advanced technologies to achieve sustainability goals. ESG360° believes its AI-powered ESG platform is well-positioned to meet this demand.

Fintech and sustainability are increasingly intertwined, with businesses needing smarter tools to track their ESG commitments. ESG360°’’s platform leverages AI and data analytics to provide businesses with clear, actionable ESG insights, helping them comply with evolving regulations and investor expectations.

Scotland’s Fintech Momentum

The fintech sector in Scotland has been on a steady rise, growing tenfold since 2018 and now supporting over 11,000 jobs. Business Minister Richard Lochhead highlighted the importance of ESG360°’’s expansion:

“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.”

Nicola Anderson, CEO of FinTech Scotland, highlighted the significance of ESG in fintech’s future:

“At FinTech Scotland we believe that harnessing technology and collaboration can accelerate sustainable finance solutions. ESG360°’’s approach reinforces the role of fintech in shaping a more sustainable and resilient future, strengthening Scotland’s position as a leading fintech cluster.”

Scottish Enterprise’s support for ESG360° aligns with its broader economic strategy. One of its long-term goals is to double the number of scale-up businesses in Scotland over the next decade by focusing on high-growth industries, including fintech.

Reuben Aitken, Managing Director of International Operations at Scottish Enterprise, echoed this sentiment:

“We’re genuinely delighted that ESG360° has chosen Glasgow as the location to scale its business. 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.”