MSCI Inc., a global finance company that offers equity, fixed income and multi-asset portfolio analysis tools, and Moody’s Corp., a credit rating, research and risk analysis company, have entered into a strategic partnership agreement. While specific financial terms of this agreement weren’t announced, the agreement centers on enhancing transparency and delivering strong, data-driven risk solutions.
The companies plan to use the Orbis database and integrate MSCI’s environmental, social and governance (ESG) ratings to offer better tools for decision making and comprehensive ESG insights for clients across the insurance, corporate and banking sectors. The Orbis database by Moody’s is the largest database globally that primarily focuses on private company ownership, linkages and financials.
It is expected that Moody’s will use sustainability models and data provided by MSCI to support its clients with advanced ESG content and improve its ESG offerings. These models and data are widely used by leading asset managers.
Rob Fauber, Moody’s CEO and president, stated that the agreement would also afford the company’s clients access to ESG content provided by MSCI.
On the other hand, MSCI plans to use Orbis to extend its ESG coverage for private companies. The database contains data on more than one-half a billion entities. This move will improve the company’s ability to provide deeper insights into private credit markets. MSCI’s CEO and chair, Henry A. Fernandez, seconded this statement.
In addition, the partnership is expected to utilize the strengths of both companies, combining ESG data provided by MSCI with risk assessment expertise provided by Moody. This synergy is focused on delivering better solutions across different asset classes and consumer segments.
It should be noted that this agreement shall not negatively impact Moody’s ratings.
Moody’s shall maintain its sustainable finance offerings and continue working to offering transparency on ESG impacts via its Issuer Profile Scores and Credit Impact Scores. Additionally, Moody’s remains committed to delivering leading climate solutions to its clients.
In other news, MSCI is party to a separate purchase agreement involving the acquisition of specialist data, analysis and advisory company, Trove Research. Trove has, since 2020, tracked corporate climate commitments and provided high-quality insights and data into the voluntary carbon market via one platform.
It is expected that integrating Trove’s position in the international carbon credit market with the end-to-end climate solutions provided by MSCI will help accelerate the latter company’s goal to meet needs of clients and institutional investors while also providing expanded climate solutions.
The collaboration between Moody’s and MSCI will be watched closely by many entities, such as Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF), with a view to assessing whether the solutions these companies come up with can be helpful in their bid to attain their ESG goals.
NOTE TO INVESTORS: The latest news and updates relating to Reflex Advanced Materials Corp. (CSE: RFLX) (OTCQB: RFLXF) are available in the company’s newsroom at https://ibn.fm/RFLXF
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