Business
Morningstar, Inc. Completes Acquisition of Sustainalytics
Acquisition will widen the opportunity set for sustainable investing at every level and across asset classes to drive meaningful, long-term outcomes for
About this update from Morningstar, Inc.
[{"type":"text","content":"Acquisition will widen the opportunity set for sustainable investing at every level and across asset classes to drive meaningful, long-term outcomes for investors\n CHICAGO and AMSTERDAM, July 6, 2020 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, has completed its previously announced acquisition of Sustainalytics, a globally recognized leader in environmental, social, and governance (ESG) ratings and research. \nSustainalytics offers data on 40,000 companies worldwide and ratings on 20,000 companies and on 172 countries. The company's security-level ESG Risk Ratings are a well-known benchmark among institutional asset managers, pension funds and other financial market participants integrating ESG factors into their investment processes and decision-making. Sustainalytics' ESG research and ratings are relied upon by investors globally and also underpin numerous indexes and sustainable investment products, including Morningstar's Sustainability Rating for funds and Morningstar Indexes. \n\"Investor demand for stakeholder capitalism is driving a profound transformation in the global investing landscape. We're excited to have our sights on this next horizon alongside Sustainalytics, a leader that has been on this road since the beginning,\" said Kunal Kapoor, chief executive officer, Morningstar. \"Together, we will lead investors of all types through this transition, empowering them with ESG insights that allow for the personalization of portfolios across asset classes.\" \nSustainalytics' more than 650 people around the world and its full executive team have joined Morningstar, bringing with them deep ESG expertise, market leadership, and an extensive suite of security-level and country-level ESG data, research, ratings, and products. In addition to supporting Sustainalytics' existing offerings, Morningstar plans to further integrate ESG data and insights across the firm's research and solutions for all segments, including individual investors, advisors, private equity firms, asset managers and owners, plan sponsors, and credit issuers. \n\"For more than 25 years, Sustainalytics has played a leadership role globally, influencing the way in which institutional asset managers and public pension funds integrate ESG into their investment decisions and, more recently, shaping ...