FE fundinfo purchases ESG consultant and research firm
Luxembourg-headquartered asset management services provider FE fundinfo has announced the full acquisition of the Center for Social and Sustainable Products (CSSP) in a bid to bolster its environmental, social and governance coverage.
CSSP was established in Liechtenstein in 2009, providing consulting and ESG data, research and reporting services. The acquisition includes CSSP's youSRI.com platform, that screens over 38,000 funds from an ESG perspective. Under the terms of the deal, CSSP founders Oliver Oehri and Christoph Dreher will co-head the ESG product group at FE fundinfo. The deal is timely given sustainable finance disclosure regulations (SFDR) are due to come in force as from March 2021.