Investing for a
Sustainable Future: Swedish Space Corporation
(SSC) invests in exciting new UK/Swedish
start-up “GlobalTrust”
SSC is pleased to announce
investment in a new start-up data analytics
business with offices in the UK and Sweden to
address some of the most crucial environmental
and social issues of the time. GlobalTrust will
focus on supporting public policy and corporate
social responsibility imperatives that are
aligned with societies’ expectations and working
towards a better and more sustainable planet.
This initiative is being
led by SSC and is supported by the UK’s
Satellite Applications Catapult – a government
established not-for-profit company with its core
mandate focused on promoting and enabling
industrial growth in the space sector.
Recent developments in
satellite delivered earth observation including
frequent revisits, ever higher resolution
imagery and real-time analytics have shown that
remote sensing technologies can play a critical
role in monitoring and assessing the impact of
corporate activities almost anywhere in the
world. GlobalTrust shall combine the latest
technologies and build upon the excellent
market-facing work conducted by the Satellite
Applications Catapult in the UK, by creating and
operationally providing services in Corporate
Social Responsibility (CSR), investor-focused
intelligence (i.e. ESG metrics) as well as
assisting public sector organizations create and
deliver better public policy.
SSC’s CEO Stefan Gardefjord
said: “GlobalTrust represents an exciting
development for SSC, by providing a focus
outside of its core space markets and into a
wider range of sectors that have challenges that
space technologies can help to solve. This
venture therefore represents both the creation
of a new business-line within the SSC group, but
also supports and encourages growth in the need
for high quality space capabilities in SSC’s
traditional business activities”.
The Satellite Applications
Catapult’s CEO Stuart Martin said: ”The
Satellite Applications Catapult was created to
stimulate and develop the space sector in the
UK, and the formation of new businesses to
achieve this goal is an important aspect of our
work. GlobalTrust is the latest in a series of
very high potential spin-outs from the Catapult,
and its clear focus on tackling complex global
issues and delivering lasting cultural change in
the corporate world aligns strongly with our own
vision. I look forward to seeing this new
organization develop and deliver significant
impact in our rapidly changing world.”
GlobalTrust’s CEO, Dr
Richard Hilton said: “We believe that
GlobalTrust has emerged right at the critical
point when technology, corporate need and
societal expectations have collided, and there
is now a strong appetite to make positive
changes. Therefore, an opportunity for an
independent and trusted entity to serve this
demand exists. It starts not with just a good
idea but builds upon many decades of experience
in the space sector and with the Environmental,
Social and Governance (ESG) market. GlobalTrust
is well placed to hit the ground running in both
the UK and Sweden, and we look forward to
launching this exciting business endeavour”.