Deloitte China has agreed to acquire most of the advisory business of Carbon Care Asia (CCA), a sustainability consultancy based in Hong Kong. The accounting major says the deal will boost its professional capabilities amid the soaring demand for sustainability and carbon advisory services in Hong Kong and the Greater Bay Area.

"As a leading global professional services organization, Deloitte is committed to building a more sustainable future and helping businesses address evolving challenges wrought by climate change," says Deloitte China southern region managing partner Edward Au. "Driven by our Inspire HK strategy, we’ve been investing heavily to make sustainability an integral part of our firm's business and culture through various initiatives.”

Founded in 2008, CCA is a Hong Kong-based sustainability consultancy company with a regional footprint in Singapore and Australia. Its team of specialists in environmental, social and governance (ESG) reporting, net-zero carbon solutions, climate scenario analysis, sustainability research and high-level training for sustainability professionals focuses on helping companies manage climate risks, enhance brand value, and create business opportunities on the path to achieving the Paris climate agreement and the United Nations Sustainable Development Goals. Its broad client base includes more than 250 multinational corporations, private enterprises, and institutions in Hong Kong and across Asia-Pacific.

With the acquisition, most of CCA's advisory operation, all of its clients, and selected professionals will be integrated into Deloitte China’s climate change and sustainability team to form Deloitte Carbon Care Asia.