MSCI, a provider of investment decision support tools, has sought to strengthen its environmental, social and governance (ESG) offering with the acquisition of GMI ratings, which provides ESG ratings and research to institutional investors.
GMI ratings has been acquired through the subsidiary MSCI ESG Research and the deal is expected to be closed in the third quarter of this year, subject to closing conditions. The acquisition cost $15 million (£8.8m).
John Higgins, chairman of GMI Ratings, explained that by becoming part of MSCI, with its global footprint and resources, the firm’s ability to incorporate ESG factors into the investment process should be enhanced and bring additional benefits to clients as a result.
Remy Briand, managing director and head of ESG research at MSCI, said, “The acquisition of GMI enhances MSCI’s position as a leader of ESG research.
“The addition of GMI’s corporate governance research and ratings will enable MSCI to offer its clients a depth and quality of coverage across all three pillars of ESG research that will be unmatched in the marketplace. These tools are growing in importance as investors seek to understand more fully the risks of their portfolios.”
The trend of responsible investment has gradually been gathering momentum as more investors look to incorporate ESG factors into their decisions and portfolios. Over the last few years the myth that sustainable investment means sacrificing return has finally been “withering away” Joe Keefe, president and CEO of Pax World Management has previously explained.
Photo: danist07 via Freeimages
Like our Facebook Page
How to Find an Eco-Friendly Termite Control Service Provider in Malaysia
Eco-Friendly Vegans Win Most Battles Not the War
3 Iconic Chicago Billboards Eco-Friendly Advertisers Can Learn from
EnviroSolar’s Abe Issa Discusses Success in Green Entrepreneurship
How Sports Could Be Impacted by Climate Change
What Eco-Friendly Patients Should Know about Online Therapy
6 Reasons Why Meal Delivery Services are Eco-Friendly
The Path for Retail’s Sustainable Future
4 Eco-Friendly Ways to Treat a Sinus Infection
4 Strategies for Eco-Friendly Real Estate Investors to Find Properties
How Managed Print Services Helps to Reduce Paper Waste
Why Scientists Are Concerned About ‘Forever Chemicals’ In Drinking Water
Meat Farming Is Only Getting Smarter, Easier & Eco-Friendlier
What is Eco-Friendly Homesteading and How Does it Affect Your Insurance?
Importance of Using a Water Purifier in an Area with High Pollution
Alternative Financing Ideas for Green Businesses that Shun Banks
Tencel Material Demand Shows Britain Is More Eco-Friendlier Than Ireland
How To Invest in Clean Energy Stocks in Only Five Easy Steps!
How To Secure Funding As An Eco-Entrepreneur?
4 Amazing Eco-Friendly Businesses Worth Starting in 2021
- Features8 months ago
Seven Health and Safety Tips for Eco-Friendly Products in a Green Home
- Energy9 months ago
Eco-Friendly Homeowners Lower Carbon Footprints through Greater Air Conditioner Efficiency
- Features8 months ago
Essential Guidelines for Eco-friendly Moving into new Home
- Invest10 months ago
The Eco-Friendly Evolution of Bitcoin Over the Years