Sustainability-focused fintech company ESG360° is expanding its Glasgow office after securing a £1 million grant from Scottish Enterprise (SE).

The London-headquartered company, which provides businesses with tools and insights to navigate environmental, social and governance (ESG) compliance, established an office in the city last year.

Its clients include Howdens and Menzies Aviation and with SE support it intends to create more than 30 high-value jobs in the next three years.

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.

Business Minister Richard Lochhead said: “The fintech sector has grown tenfold 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.”

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.

Mr Chadha added: “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.”

Nicola Anderson, CEO at FinTech Scotland, said: “This reinforces the role of fintech in shaping a more sustainable and resilient future and strengthens Scotland’s position as a leading fintech cluster.”