Montreal-based Metrio provides ESG data collection, analytics and reporting services. Nasdaq declined to disclose the terms of the deal. (The Logic)

Talking point: Nasdaq senior vice president of IR and ESG services Michael Bartels said in a release the acquisition will make it easier for the company to provide its clients with corporate sustainability data. In Canada, a lack of data has been making it difficult for investors to assess assets labelled as green, according to a survey from the Institute for Sustainable Finance. Just six per cent of respondents said they were “very satisfied” with publicly available data related to sustainability. Metrio’s sale comes as regulators have been working to increase ESG-related disclosure requirements in the global financial sector to crack down on greenwashing.