Business
New Morningstar Sustainability Assessments for Companies, Funds, and Asset Managers Now Available Across Morningstar Products and Services
Morningstar ESG Commitment Level for strategies and asset managers, and the ESG Risk Rating Assessment for companies empower investors to compare and curate
About this update from Morningstar, Inc.
[{"type":"text","content":"Morningstar ESG Commitment Level for strategies and asset managers, and the ESG Risk Rating Assessment for companies empower investors to compare and curate ESG investment choices\n\n\nCHICAGO, May 12, 2021 /PRNewswire/ -- Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, this week launched two new environmental, social, and governance (ESG) assessments—the Morningstar® ESG Commitment Level for strategies and asset managers, and the Morningstar® ESG Risk Rating Assessment for companies—across its flagship platforms, including investment research platform Morningstar DirectSM and investor website Morningstar.com®.\nThese new assessments add to Morningstar's toolkit of independent ratings designed to simplify investing and support long-term decision-making. They join Morningstar's existing line up of sustainable investing analytics, including the Morningstar® Sustainability Rating™ for funds, Morningstar® Portfolio Carbon Risk Score™ and Morningstar® Low Carbon Designation™ for funds, Morningstar Sustainable AttributesSM, Morningstar Portfolio Product Involvement metrics, and proxy data. \n\"Investors of all types want help curating sustainable investment choices and understanding material ESG risks,\" said Michael Jantzi, chief executive officer for Sustainalytics. \"By continuing to integrate ESG fund- and security-level data and insights across Morningstar platforms, we are illuminating risks and opportunities that come from multifaceted ESG issues and varied approaches to help investors make informed decisions.\" \nMorningstar acquired Sustainalytics, a globally recognized leader in ESG research, ratings and data, in July 2020, and the roll out of these assessments demonstrates the combination's powerful ability to make sustainable investing analytics across asset classes readily available to investors of all types. Morningstar reported assets into global sustainable funds neared $2 trillion in the first quarter of 2021, demonstrating steady growth over the past three years. \nMorningstar ESG Commitment Level for Strategies and Asset Managers\nMorningstar ESG Commitment Level assessments for nearly 900 funds and more than 70 asset managers are available today for Morningstar Direct, Morningstar OfficeSM, and Premium members of Morningstar.com. They will be available in Morningstar® Adviso...