Highlighting the growing importance of environmental, social and governance (ESG) investing, the London Stock Exchange Group (LSE) is buying ESG research specialist Beyond Ratings.
The LSE announced that it is acquiring the Paris-based firm, which provides ESG data for fixed-income investors, to bolster its data and research business’ ESG capabilities. The terms of the deal were not disclosed.
The exchange said that the transaction will enhance its multi-asset data and analytics capabilities, and that its indexing unit, FTSE Russell, will use Beyond Ratings’ sustainability data, risk models and ESG research to develop multi-asset index products.
“The acquisition of Beyond Ratings will accelerate LSEG’s ability to deliver research-driven multi-asset solutions in sustainable finance investing to our global client base,” Waqas Samad, group director of information services at the LSE, said in a statement.
“We look forward to working with the Group to capitalize on our ESG data, research and modelling capabilities to provide new solutions within sustainable finance on a global scale,” added Rodolphe Bocquet, CEO and co-founder of Beyond Ratings.