STOXX Ltd., part of the ISS STOXX GmbH group, has signed a definitive agreement to acquire Milan-based ECPI S.R.L. from Confluence Technologies. The transaction will see STOXX become the benchmark administrator for ECPI’s full range of sustainability indices once completed.
Founded in 1997, ECPI provides sustainability indices, data and analytics to institutional investors. The firm develops investable sustainability solutions based on proprietary research models, supporting both asset owners and asset managers with products ranging from indices to portfolio screening tools. ECPI launched its first index in 2001 and currently offers more than 60 indices across global benchmark, thematic, strategy and hedged categories, covering both equity and fixed income markets.
ECPI’s sustainability research spans more than 6,800 issuers and draws on a large corporate sustainability database. Its methodology applies a sector-based, best-practice approach to assess issuer performance, translating qualitative sustainability data into quantitative indicators and ratings.
Commenting on the transaction, Axel Lomholt, General Manager at STOXX, said: “The addition of ECPI and its highly talented team of professionals underscores our continued commitment to delivering industry-leading and differentiated sustainability index offerings to augment and strengthen our clients’ investment processes. As a global top 10 index provider, we’re pleased to be able to bring to a wider audience ECPI’s varied sustainability indices and broader offerings.”
Lorenzo Pelizzola, Vice President, ECPI Index and ESG Research, said the company’s focus on tailored solutions would continue within the group: “Product innovation and the ability to respond rapidly to client needs with tailor-made solutions are at the heart of ECPI’s success and qualities we will significantly build on as part of ISS STOXX. The ECPI team is pleased to be a part of ISS STOXX, in furtherance of our shared objective of providing institutional investors with world-class sustainability indices, ratings, data and related offerings.”
Financial terms of the acquisition were not disclosed.
