Moody’s Corporation (NYSE:MCO) has acquired a majority stake in Four Twenty Seven, Inc., a provider of data, intelligence, and analysis related to physical climate risks.
The amount of the deal was not disclosed.
The addition of Four Twenty Seven enhances Moody’s portfolio of risk assessment capabilities and underscores its work to advance global standards for assessing environmental and climate risk factors.
Four Twenty Seven will also strengthen its leadership and research on incorporating climate risk into economic modeling and credit ratings.
The deal complements Moody’s recent acquisition of Vigeo Eiris, a provider of ESG research, data, and assessments.
Led by Emilie Mazzacurati, Founder and CEO, Four Twenty Seven scores physical risks associated with climate-related factors and other environmental issues, including heat stress, water stress, extreme precipitation, hurricanes and typhoons, and sea level rise. Its scores and portfolio analytics feature extensive global coverage and quantify climate risk exposures across asset classes, with detailed data covering over 2,000 listed companies, one million global corporate facilities, 320 REITs, 3,000 US counties, and 196 countries.
The company will continue to be headquartered in Berkeley, CA, operating under its existing brand, and will be an affiliate of Moody’s Investors Service.