ISS acquires Scandinavia-based SRI adviser Ethix

Proxy adviser ISS has acquired Scandinavia-based Ethix SRI Advisors, which offers sustainable and responsible investment (SRI) research and solutions to help make investment decisions, as it seeks to expand its presence in Europe.

ISS, which did not announce the terms of the deal, says Ethix will maintain its offices in Stockholm and Copenhagen and will continue to be headed by partner-founder and CEO Ulrika Hasselgren, a 15-year veteran of the SRI sector. The company, which will be renamed ISS-Ethix, has about $330 bn in assets under management.

ISS says Hasselgren, who spent 12 years with McKinsey & Company, will also lead ISS’ overall SRI initiatives from her current base in Scandinavia.

‘This acquisition is in keeping with our long-standing commitment to expand our product offerings, provide innovative solutions and deliver the highest levels of service to our clients across the globe,’ says ISS CEO Gary Retelny in a press release. ‘The addition of Ethix will help our clients navigate the complex and rapidly evolving SRI landscape through cutting-edge technology that is underpinned by world-class ESG data, analytics and research.’

The staff at Ethix, which represents 13 countries and covers 15 languages, will continue to be based in Scandinavia, ISS adds. According to the Ethix website, the firm’s clients include BlackRock, JPMorgan, State Street Global Advisors, UBS, Nordea and Aviva, among others.

Besides SRI advice, Ethix, a signatory to the UN-backed Principles for Responsible Investment, works with clients on corporate engagement, screening, monitoring and assessing companies’ performance and strategic communication.

‘With the combination of ISS’ comprehensive governance offerings and Ethix’s deep expertise in environmental and social research and analysis, we are poised to offer our clients a truly integrated solution to meet both the depth and breadth of their ESG needs,’ says Hasselgren in the same press release.

Upcoming events

  • Briefing – Lessons from the 2025 Proxy Season
    Tuesday, July 22, 2025

    Briefing – Lessons from the 2025 Proxy Season

    In partnership with WHEN 8.00 am PT / 11.00 am ET / 4.00 pm BST / 5.00 pm CET DURATION 45 minutes About the event The 2025 proxy season was influenced by several key issues, including changes announced in Staff Legal Bulletin 14M regarding the interpretation of Rule 14a-8, and…

    Online
  • Briefing – Effective earnings preparation amid macro volatility
    Thursday, August 07, 2025

    Briefing – Effective earnings preparation amid macro volatility

    In partnership with WHEN 8.00 am PT / 11.00 am ET / 4.00 pm BST / 5.00 pm CET DURATION 45 minutes About the event Amid constant tariff news, geopolitical upheaval and other developments stemming from the new US administration, IR teams have their work cut out as they prepare…

    Online
  • IR Impact Forum – AI & Technology
    Wednesday, November 12, 2025

    IR Impact Forum – AI & Technology

    About the event As more investors and corporate communication teams embrace AI, machine learning and emerging technologies to inform their decision-making, investor relations professionals are facing a pivotal moment: adapt and lead, or risk falling behind. At this early but fast-moving stage of adoption, IR teams are asking important questions…

    New York, US

Explore

Andy White, Freelance WordPress Developer London