NASDAQ to Acquire Metrio to Expand Suite of ESG Solutions

The National Association of Securities Dealers Automated Quotations (NASDAQ), a global technology company serving the capital markets and other industries, has announced its plans to acquire Metrio.

Metrio is a privately-held provider of environmental, social and governance (ESG) data collection, analytics and reporting services based in Montreal, Canada.

NASDAQ said in a statement on Thursday that it will integrate Metrio’s software as a service (SaaS) platform into its suite of ESG solutions.

The exchange owner added that the acquisition of Metrio underscores its commitment to help its clients better manage and unlock value from their data.

It added that this will help them make better decisions and provide more transparency to their stakeholders.

If the deal is sealed in Mid-June when it is expected to be closed, Metrio will become a part of NASDAQ’s range of ESG-focused technologies and solutions.

This includes Puro.Earth, a carbon marketplace, NASDAQ OneReport, an ESG workflow and reporting platform, and The NASDAQ Centre for Board Excellence, among others.

Michael Bartels, the Senior Vice President of IR & ESG Services at NASDAQ, pointed out that Metrio’s platform is complementary to the technology company’s end-to-end suite of sustainability reporting solutions.

Moreover, Bartels noted that the platform will accelerate NASDAQ’s ability to support corporate clients who are looking for improved reporting technology across all three pillars of ESG.

“We expect current and prospective clients to benefit from a flexible platform that collects, measures and analyzes corporate sustainability data, as well as generates investor-grade reports in real-time, which can be adapted for and shared with multiple stakeholders,” the senior VP added.

Reacting to the news, Patrick Elie, the Chief Executive Officer & Co-Founder of Metrio, said the company was tremendously proud of the market-leading reporting solution that the firm has built over the last decade.

“We are excited to be part of NASDAQ as we seek new opportunities to bring our solutions to a wider set of stakeholders and increase our impact," added Pierre-Alexandre Hurtubise, Metrio’s Chief Operating Officer & Co-Founder.

Meanwhile, XP Inc., Brazil’s largest brokerage and trading platform, recently launched XTAGE, a new cryptocurrency trading platform, in partnership with NASDAQ.

Furthermore, NASDAQ recently appointed three executives to the Board of Directors of its exchanges in the United States.