Ethical Performance
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Two more mergers in research sector

December 2009

Two new mergers of sustainability rating agencies have been announced as consolidation in the CSR research market continues apace.

The first merger involves two Swiss companies, Centre Info and INrate, which will combine to provide research on sustainable investments in stocks in developed and emerging markets. The two were already involved in a ‘strategic partnership’ announced last year.

Centre Info, which claims to be Europe’s oldest CSR rating agency, is based in the largely French-speaking west of Switzerland, while INrate operates in mostly German-speaking Zurich.

Philippe Spicher, Centre Info’s chief executive, said the merger, expected to be legally finalized early next year, will not be a cost-cutting exercise, nor will it cause redundancies. The new company name and its executive staff are yet to be announced.  

The second merger involves RiskMetrics, the US-based risk management consultancy, and  KLD Research and Analytics, one of the world’s largest CSR research and indexing companies.

Risk Metrics’ acquisition of KLD follows its purchase of Innovest earlier this year. Knut Kjaer, president of RiskMetrics, said the deal would offer investors a better service ‘across geographic and industry boundaries’.

The latest two deals come hot on the heels of the merger of the world’s largest responsible investment research companies, Sustainalytics and Jantzi Research, which will operate as Sustainalytics globally and as Jantzi-Sustainalytics in North America (EP11, issue 5, p8).

Global | Rating agencies

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