Monday, March 26, 2012

Sustainalytics announces Asian acquisition

ESG research firm Sustainalytics has announced plans to acquire Singapore-based Responsible Research Pte Ltd., an ESG information provider covering Asia and other emerging markets.

Established in 2009, Responsible Research has built a strong reputation for high-quality ESG research and analysis, Sustainalytics said in a release.

"The addition of the Responsible Research team is another milestone in Sustainalytics' commitment to provide its clients with global coverage that is supported by insightful, regional expertise."

Responsible Research has a staff of 12, including London-based executive director Lucy Carmody and a team of eight analysts in Singapore.

Sustainalytics is based in Amsterdam, with offices in Boston, Frankfurt, Madrid, Paris, Timisoara (Romania) and Toronto, and representatives in Brussels and Copenhagen.

This isn't the company's first move into Asia. Last September, Sustainalytics announced a partnership with Korea's Sustinvest, an investment research and consulting company.

The Responsible Research deal is subject to regulatory approval and is expected to close in May. Financial terms were not disclosed.

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