Deloitte acquires sustainability consultancy Carbon Care Asia

24 February 2022 2 min. read

Global professional services firm Deloitte has acquired most of the advisory business of Carbon Care Asia, a sustainability consultancy based in Hong Kong.

The deal sees a team of around 25 consultants join Deloitte’s Greater China practice, including Carbon Care Asia chief executive officer Albert Lai.

“Carbon Care Asia was founded with a strong mission to achieving a zero-carbon economy for all by promoting sustainability practices and raising climate capabilities. This deal represents our next milestone, and we're excited to be joining Deloitte and working together to make a bigger impact in pursuit of our mission,” he said.

Deloitte acquires sustainability consultancy Carbon Care Asia

Founded in 2008, Carbon Care Asia’s team helps clients with ESG reporting, net zero carbon solutions, climate scenario analysis, sustainability research and sustainability training. The firm’s client base includes more than 250 multinationals, private enterprises, and institutions in Hong Kong and across Asia Pacific.

Welcoming the new team to the consulting firm, Deloitte China and Hong Kong Climate and Sustainability Leader Mohit Grover said: “We've witnessed an increasing demand in the past couple of years, as companies rush to embed climate risk into their business strategies, risk management and governance frameworks.”

“Bringing together Deloitte's multidisciplinary services model, diverse clients, and Carbon Care Asia’s team of highly experienced ESG and carbon specialists with an established market network, we will now be able to deliver an integrated value proposition that helps companies meet rising market and regulatory expectations around sustainability and climate action.”

Francesco Nagari, another leader at Deloitte China, added: “Together with Carbon Care Asia, we are well-positioned to help our clients, stakeholders, and society move towards a more sustainable future.”

The deal is Deloitte’s first in Asia since it bolted-on Focus IT in the Philippines at the start of last year. Further south in Asia Pacific, however, in Australia, Deloitte has been on an M&A campaign, closing over a dozen acquisitions in the past two years.

Last month, another Big Four firm closed a deal in Asia, with EY integrating South Korea based T-Plus Consulting into its strategy consulting division EY-Parthenon.