Nasdaq to acquire Metrio
Nasdaq, Inc. (NASDAQ:NDAQ) announced today that it entered into an agreement to acquire Metrio, a privately-held provider of environmental, social and governance (ESG) data collection, analytics and reporting services based in Montreal. Nasdaq plans to integrate Metrio’s software as a service (SaaS) platform into its suite of ESG solutions.
Michael Bartels, Senior Vice President, IR & ESG Services at Nasdaq, says:
“Metrio’s platform is complementary to Nasdaq’s end-to-end suite of sustainability reporting solutions and will accelerate our ability to support corporate clients who are looking for improved reporting technology across all three pillars of ESG. We expect current and prospective clients to benefit from a flexible platform that collects, measures and analyzes corporate sustainability data, as well as generates investor-grade reports in real-time, which can be adapted for and shared with multiple stakeholders.”
Nasdaq has developed a range of ESG-focused technologies and solutions over the last decade to help clients achieve their corporate sustainability and governance objectives. These include ESG advisory services for investor relations professionals; Puro.Earth, a carbon marketplace; Nasdaq OneReport, an ESG workflow and reporting platform; Board Advisory, Board Meeting Management, and Compliance solutions for governance professionals; and The Nasdaq Center for Board Excellence.
The demand for more robust and comprehensive sustainability reporting solutions has risen dramatically in recent years due to evolving regulatory reporting requirements, investor input, and the increase of corporate sustainability commitments by corporates. Founded in 2009, Metrio established itself as an early mover in the space and developed a solution that has transformed the way corporates think about and act on ESG.
The acquisition of Metrio underscores Nasdaq’s commitment to helping clients better manage and unlock value from their data so that they can make better decisions and provide more transparency to their stakeholders.