finance
British ESG Platform Enters Administration and Seeks Buyers
World Wide Generation, operator of the G17 Eco sustainability reporting platform, has appointed administrators and opened bidding for the business. The London-based firm previously counted HSBC, Unilever, and AWS among its clients and had raised about £15 million since 2016.
themarketherald.com.auAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
World Wide Generation, the London-based operator of the G17 Eco sustainability reporting platform, has entered administration and is seeking buyers while continuing to trade. The company, which was once valued at more than £90 million in an equity funding round, has listed the business on an insolvency marketplace and opened bidding to interested parties.
It is trading in administration with support from key shareholders.
The platform had served major customers including HSBC, Unilever, and AWS. World Wide Generation had raised roughly £15 million since its founding in 2016. The sale follows a period in which many large companies have scaled back ESG commitments and sustainability targets amid a renewed focus on profitability.
The firm also received backing from the government-owned British Business Bank.
Transparency
How sources framed this
Single source — no framing comparison available.
CorroborationModerate · 1 source
