Governance, risk, and compliance advisor ACA Group has expanded its portfolio with the acquisition of Ethos ESG, a firm specializing in ESG ratings data and software designed for financial advisors, asset managers, institutions, and investors. The financial specifics of the deal have not been disclosed.
This acquisition represents ACA’s inaugural foray into analytics, integrating Ethos’ capabilities with its own ESG expertise to create a cohesive tech and advisory service.
Founded in 2019, Ethos provides an engaging platform that evaluates more than 350,000 impact ratings across various entities, including companies, stocks, and funds, measured against 45 ESG categories such as climate change, racial justice, and mental health.
Shvetank Shah, CEO of ACA Group, expressed enthusiasm about enhancing their data capabilities, stating, “We are excited to develop and launch our data offerings, starting with Ethos ESG. Merging data with our scalable solutions will empower our clients to rethink governance, risk, and compliance, thereby safeguarding and expanding their businesses.”
In related news, Finextra has announced its fifth Sustainable Finance Live conference and hackathon, set for November 29. For further details and registration, please visit the event page here.