The Zhitong Finance App learned that on July 2, MSCI and Moody's announced that they have reached a strategic cooperation agreement. The two sides will give full play to their respective advantages, enhance transparency in the field of ESG and sustainable development for the market, and help investors make smarter decisions. Under the agreement, Moody's will introduce MSCI's industry-leading ESG ratings and information, mainly to measure the company's level of management of finance-related ESG risks and opportunities. After adopting MSCI data, Moody's plans to gradually shift from providing its existing ESG data and scores to providing MSCI's sustainable information to serve customers in the banking, insurance, and corporate sectors through a range of solutions.
MSCI will expand ESG data coverage for private companies by using Moody's Orbis database. The Moody's Orbis database is the world's leading enterprise information database, covering data from more than 500 million companies. Additionally, MSCI and Moody's will explore the development of solutions based on Moody's private enterprise data and credit scoring models to provide deeper insight into the private equity market.
Moody's President and CEO Rob Fauber said Moody's is pleased to partner with MSCI. MSCI is a leader in providing solutions to the global investment community and a pioneer in ESG and sustainable development. This is a truly win-win partnership. Moody's customers will have access to MSCI's industry-renowned ESG information, and MSCI customers will benefit from Moody's world-leading risk assessment expertise, data, and insights.
MSCI Chairman and CEO Henry Fernandez (Henry Fernandez) said he is very happy to work with Moody's to provide MSCI's ESG and sustainability data to its vast customer base around the world. Sustainable development remains one of the most important trends reshaping the global investment landscape, while shifting asset allocation to private equity is another major trend. This collaboration will expand the scope of MSCI's ESG data coverage at the private enterprise level and provide enhanced solutions for various customer groups and across asset classes.