London Stock Exchange acquires ESG data provider Beyond Ratings to boost sustainable finance offering

London Stock Exchange has acquired ethical and sustainable data provider Beyond Ratings in a bid to grow its information services business.

The deal will allow LSE to grow its capabilities around sustainable finance and further support clients through its data, the company said.

Beyond Ratings, which provides environmental, social and governance (ESG) data for fixed income investors, will join LSE’s information services arm, which also includes data firm FTSE Russell.

LSE did not disclose the terms of the deal but said the purchase would be funded through its existing facilities.

The company said it would boost its ESG index and complement its flagship FTSE World Government Bond Index (WGBI).

“The acquisition of Beyond Ratings will accelerate London Stock Exchange Group’s ability to deliver research-driven multi-asset solutions in sustainable finance investing to our global client base,” LSE director of information services, Waqas Samad said.

“Beyond Ratings has a number of highly-regarded ESG data model developed by a strong team of specialists, he added.”

Chief executive and co-founder of Beyond Ratings Rodolphe Bocquet said: “We have worked together for some time on potential solutions and products based on client demand and market trends and will build on our strong ESG foundations to deliver valuable investment tools in the near future.”