RiskMetrics Group, a provider of risk and corporate governance services, announced that it has reached an agreement to acquire Innovest Strategic Value Advisors, a New York-based provider of sustainability research for the institutional investment community.
The acquisition of Innovest will enhance RiskMetrics footprint in the environmental, social & governance research space at a time when the financial community’s interests in sustainability are growing. Established in 1995 with the mission of integrating sustainability and finance by identifying non-traditional sources of risk potential for investors, Innovest specializes in analyzing companies’ performance on environmental, social, and strategic governance issues.
