Moody's has acquired a majority stake in Vigeo Eiris, a global leader in environmental, social and governance (ESG) assessments.
Moody's said this acquisition will further its objective of promoting global standards for ESG use by market participants.
Vigeo Eiris boasts products and capabilities based on ESG assessments and an extensive ESG database as well as specialised research and decision-making tools for sustainable and ethical investments.
Moody's said the acquisition is recognition that ESG considerations are increasingly relevant to issuers, investors, counterparties and others and that stakeholders are seeking clear and objective standards for measuring ESG.
The firm added that it has an ongoing commitment to enhancing transparency and creating standards in ESG.
Moody's global head of assessments Myriam Durand said: "Vigeo Eiris has been a pioneer in bringing greater transparency and awareness of ESG and sustainability issues to market participants and has continued to innovate and expand as demand for this information has grown."
"Moody's acquisition of a majority stake in Vigeo Eiris will contribute to the further development of leading ESG risk assessments, enabling the market to benefit from a global standard in assessing ESG considerations as part of their investment decisions."
Vigeo Eiris president Nicole Notat said: "This acquisition reinforces the importance of ESG assessments to market participants. We look forward to working with Moody's to offer customers access to a broad range of comprehensive sustainability risk assessments, research and data."
The terms of the acquisition were not disclosed. However, Moody's says the transaction will not have an impact on its financial results.