ImpactAlpha, July 29 – Credit ratings and research firm Moody’s has acquired a majority stake in climate risk analytics company Four Twenty Seven.
Four Twenty Seven aggregates data on physical risks for thousands of companies, assets, counties and countries, and scores their climate exposure. Financial institutions, assets owners and managers use the data to assess risk in their own portfolios.
Moody’s Myriam Durand described the data Four Twenty Seven aggregates as “essential to understanding and informing climate risk and resilience measures,” and noted the company’s alignment to Moody’s work in building environmental risk assessment standards.
The deal is Moody’s second recent acquisition focusing on sustainability data amid growing investor demand for transparency and more sustainable investing products. In April, it acquired a majority of ESG research firm Vigeo Eiris.