Stockholm (NordSIP) – S&P Global and RobecoSAM announced that S&P Global would acquire the ESG Ratings Business from RobecoSAM. RobecoSAM’s ESG Ratings Business includes two units. One manages the SAM Corporate Sustainability Assessment (CSA) to issue ESG Ratings. The second provides in-depth reports to companies seeking to understand their performance relative to their peers.
The focus of this acquisition is on the widely followed SAM CSA, an annual evaluation of companies’ sustainability practices. The CSA draws upon 20 years of experience, analysing sustainability’s impact on a company’s long-term value creation.
“Through this acquisition, S&P Global is bringing an additional layer of critical insight to our leading suite of ESG product offerings, which will further enable our customers to create resilient strategies, build a sustainable future, and meet the expectations of an evolving market,” commented Douglas Peterson, S&P Global President and CEO.
“Beginning with the launch of the Dow Jones Sustainability Index over twenty years ago, RobecoSAM has been an exceptional partner in our shared commitment to bringing essential ESG intelligence, data and insight to the financial markets. Today’s announcement is an exciting next step in the evolution of our partnership that will allow S&P Global to create market differentiating ESG products and deliver new content and capabilities to our customers,” the CEO added.
S&P’s clients will now have access to one of the most advanced dataset based on information analysing over 4,700 companies across a range of ESG criteria that are both industry-specific and financially material. The company coverage is expanding rapidly and will accelerate under S&P Global’s broader ESG efforts. Meanwhile, it frees RobecoSAM resources away from ESG data sourcing and management, allowing it to focus on the interpretation and application of ESG data and sustainable investing research for its core asset management activities. Robeco and RobecoSAM will continue to have access to the CSA data and will provide advice on the CSA Methodology.
“The ESG data landscape is changing rapidly and data providers are evolving along with it. S&P Global is best positioned to maintain and build on the leading position of the CSA, which will continue to benefit Robeco, RobecoSAM, and their clients,” added Karin van Baardwijk, Vice-Chair of the Board of Directors, RobecoSAM.