Morningstar buys stake in Sustainalytics responsible investing firm – Finance News

on Jul25

24 July 2017 | 6:48 pm

Chicago investment research company Morningstar has purchased a 40 percent stake in Sustainalytics, an Amsterdam-based firm that focuses on responsible investing.

The two companies said in a statement today that the Sustainalytics management team, led by CEO Michael Jantzi, has also taken a minority equity stake in Morningstar. Financial details of the transactions were not disclosed.

Investing with a focus on environmental, social and governance issues has become increasingly important to some investors, and Sustainalytics has expanded its data, research and analytics services to meet that demand since Jantzi launched the firm in 1992. Today, the company has about 350 employees in 13 offices.

The two companies began collaborating in 2015. Last year, their work together led to the Morningstar Sustainability Rating, which rates some 35,000 mutual funds and exchange-traded funds based on Sustainalytics research on environmental, social and governance issues.

This purchase follows on Morningstar’s acquisition last year of Pitchbook, a research company focused on privately held companies. As Morningstar looks to build its portfolio of research services, including through acquisitions, some shareholders have questioned the impact on earnings growth.

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