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MSCI to Advance Clarity in Carbon Markets with Acquisition of Trove Research

MSCI to Advance Clarity in Carbon Markets with Acquisition of Trove Research

MSCI Carbon Markets
Listen to this story:
  • Move will deliver expanded climate solutions and bring transparent, credible insights on
    voluntary carbon markets for corporates, institutional investors and other capital market
  • Reinforces MSCI’s commitment to drive clarity around climate investing through high quality,
    innovative data and insights

MSCI Inc. (NYSE: MSCI), a leading provider of mission-critical decision support tools and services for the global investment community, announced it has signed a purchase agreement to acquire Trove Research, a specialist data, analysis and advisory firm.

Founded in 2015, Trove Research is a world-renowned source of intelligence across carbon markets combining deep sector knowledge with proprietary data and cutting-edge models. Since 2020, Trove Research has focused exclusively on tracking corporate climate commitments and providing high quality data and insights into the voluntary carbon market through a single, unified platform.

The voluntary carbon market is fast becoming an essential component in financing the low-carbon transition and helping companies reach their net zero goals, which is driving increased demand for robust, clear and effective decision-making tools.

Integrating Trove Research’s significant position in the global carbon credit market with MSCI’s end-to-end climate solutions will help accelerate MSCI’s goal to offer expanded climate solutions and meet identified needs from corporates, institutional investors and other capital market participants for transparent, credible insights on voluntary carbon markets. The deal will allow MSCI to deliver additional products to the broader carbon market ecosystem, including banks, exchanges and developers. MSCI will be positioned to offer insights into a company’s transition plans, the quality of existing carbon credits, and the carbon credit pricing outlook.

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The combination will help redefine the standards and methodologies within the voluntary carbon markets and showcases MSCI’s commitment to transparency and bringing comprehensive climate data and insights to the global investment ecosystem.

Henry Fernandez, Chairman and Chief Executive Officer, MSCI, said: “The voluntary carbon market has a key role to play in helping the world achieve net-zero emissions while helping our clients navigate the transition. Trove Research offers unique data and insights on how the market works and what can be done to improve it. By combining these tools with our integrated franchise, diverse client base, and wide range of capabilities, MSCI will strengthen its position as a leading provider of climate-related investment solutions.”

Guy Turner, Chief Executive Officer, Trove Research, commented: “Trove’s mission has always been to use data and analysis to help facilitate better investment decisions. Combining Trove’s deep carbon market data and analytics with the scale and breadth of MSCI’s sustainability and financial data will allow us to create truly world-leading climate solutions and bring real value to clients. I look forward to what we will achieve together.”

The terms of the transaction were not disclosed and the financial impact of the transaction is not expected to be material to MSCI. The transaction is expected to close this quarter, subject to customary closing conditions. Trove Research’s financial results will be presented as part of MSCI’s ESG & Climate reportable segment.


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