Business
Morningstar Sustainalytics and Morningstar Indexes Align to Strengthen Morningstar's ESG Offering
Two of Morningstar's fastest-growing product areas will together accelerate the company's ESG data, indexes, ratings, and research expansion CHICAGO, June 13,
About this update from Morningstar, Inc.
[{"type":"text","content":"Two of Morningstar's fastest-growing product areas will together accelerate the company's ESG data, indexes, ratings, and research expansion\nCHICAGO, June 13, 2023 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, today announced that it will align the Morningstar Sustainalytics and Morningstar Indexes product areas under Morningstar Indexes President Ron Bundy. The move emphasizes Morningstar's ESG market leadership position and enhances its ability to comprehensively meet the evolving needs of investors.\nMorningstar provides a full suite of traditional and ESG market data and indexes, as well as ESG ratings and research, across multiple asset classes globally. The new structure will more tightly connect the leading index capabilities of Morningstar Indexes with the respected ESG data, ratings, and research of Morningstar Sustainalytics. Over time, the result will be a more comprehensive suite of ESG and broader index solutions for clients under a single umbrella. \n\"Morningstar's independent data and research drive our product innovation. Morningstar Indexes and Morningstar Sustainalytics are two of the clearest examples of putting our IP to work for investors. Investors are demanding deeper levels of consideration for ESG risk or sustainable impact in their portfolios, and bringing our indexing capabilities closer to our ESG research and solutions will meet that need,\" said Kunal Kapoor, CEO of Morningstar. \nThe union builds on Morningstar's investment in ESG capabilities since fully acquiring leading ESG research and ratings firm Sustainalytics in 2020. Morningstar Sustainalytics and Morningstar Indexes delivered 30.5% and 35.5% growth in revenue, respectively, in 2022, and are among Morningstar's fastest-growing product areas.\nSince the acquisition of Sustainalytics, Morningstar has grown its ESG data, ratings, and indexes, including:\nIntroduced new climate analytics and the company-level Low-Carbon Transition Rating.Debuted a number of regulatory and compliance solutions, including an EU Taxonomy Solution that provides insights into the environmentally sustainable activities of companies based on the EU Taxonomy framework, and Morningstar EU Climate Indexes to enable investors to implement their view on climate risk mitigation while meeting EU regulatory require...