Nasdaq to buy ESG data firm Metrio

The deal is expected to close in mid-June

Nasdaq is bolstering its ESG data service with the acquisition of Montreal-based firm Metrio, the company announced Thursday.

Metrio is a privately held firm that provides ESG data collection, analytics and reporting. Following the acquisition, which is slated to close in the coming weeks, Nasdaq will fold Metrio’s software as a service into its ESG services, the company stated.

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,” Michael Bartels, senior vice president of IR and ESG services at Nasdaq, said in the company’s announcement. “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’s existing ESG services include carbon marketplace Puro.Earth, a carbon marketplace, workflow and reporting service OneReport, and various options for corporate boards, the company noted.