LRQA Acquires Supply Chain Carbon Management Solutions Provider RESET Carbon

London-based assurance services provider LRQA announced the acquisition of supply chain carbon management solutions provider RESET Carbon, in a moves described by LRQA as aimed at strengthening its environmental solutions to help clients meet growing regulatory requirements.

Founded in 2009, Hong Kong-based RESET Carbon focuses on helping clients develop carbon reduction strategies and decarbonization solutions, with a primary focus to date on the Asian market. The company provides corporate services focused on reducing environmental footprint within business operations across large and complex international asset portfolios, as well as supply chain services, supporting brand customers in developing supply chain environmental targets and working with sourcing teams and suppliers to implement multi-year programs to achieve these goals. RESET Carbon has worked with more than 300 facilities in 11 countries over the last 15 years, helping reduce emissions, water use and waste, and to save on costs.

According to RESET Carbon CEO Liam Salter, the transaction will enable the company to extend its solution beyond Asia, “leveraging LRQA’s expertise and global reach.”

Salter added:

“I’m proud of RESET Carbon’s development and delivery of our truly market-leading and comprehensive ‘supply chain carbon management’ solution – a brand-new service concept which centres around linking change to clients’ existing business goals. Backed by a unique track record of projects delivered for major brands, I’m eager for the next phase in our journey.”

According to LRQA, the acquisition comes as supply chain carbon management becomes increasingly important for companies, driven by corporate Scope 3 emissions reporting requirements and upcoming regulations impacting sectors including consumer goods, apparel, retail, electronics and food and beverages, as well as by voluntary targets such as the SBTi.

The move marks the latest in a series of acquisitions by LRQA – its third in 3 months – aimed at helping clients better navigate evolving challenges in ESG compliance, sustainability and risk management.

Ian Spaulding, CEO, LRQA, said:

“We’re excited to welcome RESET Carbon to LRQA and their unique supply chain carbon management solution. Together with our decades of expertise in assessment, inspection, cybersecurity and ESG advisory services, along with our supply chain intelligence platform, EiQ, we will deliver powerful, data-driven ESG assurance for global corporate clients and supply chains.”

LRQA, formerly the business assurance and cybersecurity unit of Lloyd’s Register, was acquired by Goldman Sachs Asset Management in 2021. The company offers assurance services aimed at enabling companies to navigate and manage risk, including environmental conformity assessments.