KUALA LUMPUR, Oct 29-- Moody’s Corporation will acquire a minority stake in SynTao Green Finance (STGF), a leading provider of environmental, social and governance (ESG) data and analytics based in and serving China.
STGF provides ESG data and ratings, green bond verification and green finance solutions to financial institutions and corporates in China. It also provides thought leadership on ESG to policy makers.
The investment in STGF aligns with Moody’s ongoing global commitment to promoting transparent standards for evaluating ESG risks. Locally, the investment strengthens Moody’s presence and engagement in China and its financial markets.
The deal complements Moody’s recent acquisitions of Vigeo Eiris, a leading global provider of ESG research, data and assessments, and Four Twenty Seven Inc, a leader in climate data and risk analysis.
The terms of the transaction were not disclosed and it will not have a material impact on Moody’s 2019 financial results. The transaction is expected to close by early next month.
Moody's is a?n e?sse?ntial component of the global capital m?arket?s, providing credit ratings, research, tools and analysis that c?ontribute to transparent and integrated financial markets. More information at https://www.moodys.com.
-- BERNAMA
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