MSCI to Advance Clarity in Carbon Markets With Acquisition of Trove Research
10 Outubro 2023 - 1:13PM
Business Wire
- Move will deliver expanded climate solutions and bring
transparent, credible insights on voluntary carbon markets for
corporates, institutional investors and other capital market
participants.
- Reinforces MSCI’s commitment to drive clarity around climate
investing through high quality, innovative data and insights.
MSCI Inc. (NYSE: MSCI), a leading provider of mission-critical
decision support tools and services for the global investment
community, today announced it has signed a purchase agreement to
acquire Trove Research, a specialist data, analysis and advisory
firm.
Founded in 2015, Trove Research is a world-renowned source of
intelligence across carbon markets combining deep sector knowledge
with proprietary data and cutting-edge models. Since 2020, Trove
Research has focused exclusively on tracking corporate climate
commitments and providing high quality data and insights into the
voluntary carbon market through a single, unified platform.
The voluntary carbon market is fast becoming an essential
component in financing the low-carbon transition and helping
companies reach their net zero goals, which is driving increased
demand for robust, clear and effective decision-making tools.
Integrating Trove Research's significant position in the global
carbon credit market with MSCI’s end-to-end climate solutions will
help accelerate MSCI’s goal to offer expanded climate solutions and
meet identified needs from corporates, institutional investors and
other capital market participants for transparent, credible
insights on voluntary carbon markets. The deal will allow MSCI to
deliver additional products to the broader carbon market ecosystem,
including banks, exchanges and developers. MSCI will be positioned
to offer insights into a company’s transition plans, the quality of
existing carbon credits, and the carbon credit pricing outlook.
The combination will help redefine the standards and
methodologies within the voluntary carbon markets and showcases
MSCI's commitment to transparency and bringing comprehensive
climate data and insights to the global investment ecosystem.
Henry Fernandez, Chairman and Chief Executive Officer, MSCI,
said: “The voluntary carbon market has a key role to play in
helping the world achieve net-zero emissions while helping our
clients navigate the transition. Trove Research offers unique data
and insights on how the market works and what can be done to
improve it. By combining these tools with our integrated franchise,
diverse client base, and wide range of capabilities, MSCI will
strengthen its position as a leading provider of climate-related
investment solutions.”
Guy Turner, Chief Executive Officer, Trove Research,
commented: “Trove’s mission has always been to use data and
analysis to help facilitate better investment decisions. Combining
Trove’s deep carbon market data and analytics with the scale and
breadth of MSCI’s sustainability and financial data will allow us
to create truly world-leading climate solutions and bring real
value to clients. I look forward to what we will achieve
together.”
The 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 & Climate reportable
segment.
About MSCI Inc.
MSCI is a leading provider of critical decision support tools
and services for the global investment community. With over 50
years of expertise in research, data, and technology, we power
better investment decisions by enabling clients to understand and
analyze key drivers of risk and return and confidently build more
effective portfolios. We create industry-leading research-enhanced
solutions that clients use to gain insight into and improve
transparency across the investment process. To learn more, please
visit www.msci.com. MSCI#IR
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including without limitation, statements relating to the
planned acquisition of Trove Research and prospects for the newly
acquired business. These forward-looking statements relate to
future events or to future financial performance and involve known
and unknown risks, uncertainties and other factors that may cause
our actual results, levels of activity, performance or achievements
to be materially different from any future results, levels of
activity, performance or achievements expressed or implied by these
statements. In some cases, you can identify forward-looking
statements by the use of words such as “may,” “could,” “expect,”
“intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,”
“predict,” “potential” or “continue,” or the negative of these
terms or other comparable terminology. You should not place undue
reliance on forward-looking statements because they involve known
and unknown risks, uncertainties and other factors that are, in
some cases, beyond MSCI’s control and that could materially affect
actual results, levels of activity, performance or
achievements.
Other factors that could materially affect actual results,
levels of activity, performance or achievements can be found in
MSCI’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2022 filed with the Securities and Exchange Commission
(“SEC”) on February 10, 2023 and in quarterly reports on Form 10-Q
and current reports on Form 8-K filed or furnished with the SEC. If
any of these risks or uncertainties materialize, or if MSCI’s
underlying assumptions prove to be incorrect, actual results may
vary significantly from what MSCI projected. Any forward-looking
statement in this press release reflects MSCI’s current views with
respect to future events and is subject to these and other risks,
uncertainties and assumptions relating to MSCI’s operations,
results of operations, growth strategy and liquidity. MSCI assumes
no obligation to publicly update or revise these forward-looking
statements for any reason, whether as a result of new information,
future events, or otherwise, except as required by law.
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