Global finance index and tools provider MSCI has acquired Trove Research, a specialist data, analysis and advisory firm.
Trove Research provides intelligence on carbon markets and has been focused exclusively on tracking corporate climate commitments and providing insights into voluntary carbon market since 2020.
Through the acquisition, MSCI aims to bolster its end-to-end climate solutions, adding capability of delivering additional products to the broader carbon ecosystem, including banks, exchanges and developers.
The transaction is expected to close this quarter, subject to customary closing conditions.