Morningstar Sells Data Business, Emphasizes ESG Independence

An announcement from Morningstar ( (MORN) ) is now available.

Morningstar, Inc. recently disclosed its sale of the Commodity and Energy Data business, generating a $45.3 million gain, which it will exclude from future revenue growth calculations. The company views its PitchBook platform as complementary to Hamilton Lane’s Cobalt in the private market data sector. Morningstar Sustainalytics emphasizes independence in its ESG ratings through a robust conflict-of-interest framework. The firm is transitioning data centers to the public cloud to meet Net Zero goals and efficiently manage energy usage. The Board of Directors prioritizes independence, with a majority of independent directors to ensure objectivity and fresh perspectives.

Learn more about MORN stock on TipRanks’ Stock Analysis page.