Data and technology provider FE fundinfo has purchased the Center for Social and Sustainable Products (CSSP), a Liechtenstein-based ESG consulting group.
The firm said the acquisition is designed to enhance FE fundinfo’s ESG credentials ahead of the March 2021 introduction of sustainable financial disclosure rules across Europe, which will significantly increase fund managers’ ESG reporting requirements.
Under the terms of the deal, FE fundinfo has acquired all of CSSP’s share capital including its flagship ESG funds screening and labels platform, yourSRI.com.
CSSP founders Oliver Oehri and Christoph Dreher will jointly lead the new ESG product group at FE fundinfo.
Philipp Portmann, head of business development and strategy at FE fundinfo, said that ESG investing and reporting is increasingly becoming a major consideration in the investment industry.
He added that the acquisition of CSSP will give the firm a “deep understanding” of the market and build upon its data and reporting capabilities.
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