London Stock Exchange Group acquired environmental, social and governance data provider Beyond Ratings, a spokeswoman said Monday.
The deal will boost LSE subsidiary FTSE Russell's existing ESG index and data offering by adding credit risk capabilities. The acquisition of the fixed-income data provider will be funded from "existing facilities." LSE did not disclose the terms of the deal.
"The acquisition of Beyond Ratings will accelerate LSEG's ability to deliver research-driven multiasset solutions in sustainable finance investing to our global client base," said Waqas Samad, group director of information services at LSE, in a news release. "Beyond Ratings has a number of highly regarded ESG data models developed by a strong team of ESG specialists."
Rodolphe Bocquet, CEO and co-founder of Beyond Ratings, which produces research, advanced quantitative analytics and risk scoring for 10,000 companies, added in the release: "We look forward to working with the group to capitalize on our ESG data, research and modeling capabilities to provide new solutions within sustainable finance on a global scale."