Founded in 2004, EthiFinance is an ESG research and consulting agency that assists investors and corporates in their management of sustainability risks and opportunities. Its Investor Solutions help investors to integrate ESG considerations into their asset management process (e.g. Responsible Investment policies, ESG and carbon footprint reporting). Its subsidiary, Gaïa Rating, founded in 2009, provides an unrivalled ESG assessment expertise on European listed SMEs.
In March 2017, Spread Research and EthiFinance announced their merger to create Europe’s first integrated (i.e. financial and non-financial) rating agency for mid-cap companies. Founded in 2004, Spread Research is an independent credit research firm and a financial rating agency, registered by the European Securities and Markets Authority (ESMA) since July 2013 and as an External Credit Assessment Institution (ECAI) by the European Banking Authority (EBA) and the European Insurance and Occupational Pensions Authority (EIOPA). Both entities will continue to strengthen their respective services and will develop joint solutions. With around 50 employees working across three offices in Paris, Lyon and London, the new group will advise investors managing over €100 billion of assets and will monitor over 1000 companies in Europe.