(Finance) – MSCIan American financial services giant providing indices, ratings and other services, has signed an agreement to acquire Trove Research, a company specializing in data, analytics and consulting. Founded in 2015, Trove Research is a World-renowned intelligence source on carbon marketscombining industry knowledge with proprietary data and cutting-edge models.
Since 2020, Trove Research has focused exclusively on tracking and delivering corporate climate commitments high-quality data and insights on the voluntary carbon market (the carbon credit market that allows companies to voluntarily offset their emissions).
“The voluntary carbon market has a key role to play in helping the world achieve net zero emissions, while helping our customers navigate the transition,” he commented. Henry Fernandez, CEO by MSCI – Trove Research offers unique data and insights into how the market works and what can be done to improve it. By combining these tools with our integrated franchising, diverse customer base and broad range of capabilities, MSCI will strengthen its position as a leading provider of climate-related investment solutions“.
Terms of the transaction were not disclosed and the financial impact of the transaction is not expected to be material to MSCI. The transaction is expected to close this quarter, subject to customary closing conditions. Trove Research’s financial results will be presented as part of MSCI’s ESG and Climate Disclosures segment.
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