As reported last month on SRI Monitor, RiskMetrics Group has acquired Boston-based KLD Research and Analytics.
"Together, RiskMetrics and KLD will offer institutional investors a comprehensive suite of ESG services so they can more easily incorporate ESG analytics into their investment processes," RiskMetrics said in a news release. "Specifically, the combined firms will deliver increased coverage, more robust data, expert insights, and user-friendly tools. These enhanced capabilities will enable more investors to uncover the ESG risks and opportunities of thousands of companies worldwide."
Formed in 1988, KLD published the first research designed to evaluate the risks and opportunities associated with corporate social and investment performance. It also created the world's first socially-screened index, known today as the FTSE KLD Social Index.
Earlier this year, RiskMetrics acquired SRI research group Innovest. The purchase of KLD solidifies RiskMetrics' position as the world's largest ESG research firm.
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