Home Breadcrumb caret Industry News Breadcrumb caret Industry Morningstar snaps up 40% stake in Sustainalytics Morningstar says it made the move as part of its long-term sustainability strategy By Staff | July 25, 2017 | Last updated on July 25, 2017 1 min read Morningstar, Inc. has acquired a 40% ownership stake in Sustainalytics, provider of ESG research and ratings. Morningstar says it made the move as part of its long-term sustainability strategy. In August 2015, the two firms announced a strategic collaboration that resulted in the March 2016 launch of the Morningstar Sustainability Rating for global mutual and exchange-traded funds. The ratings use Sustainalytics research to gauge how well companies in funds are managing ESG issues. As part of the transaction, Steven Smit, head of sustainability at Morningstar, will join the Sustainalytics board of directors. The Sustainalytics executive team has taken a minority equity stake in the company. Also read: Big Six banks among Canada’s cleanest companies Most investors want disclosure of pay by gender: poll Sustainable ways to offer responsible investment Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo