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EthiFinance is an independent European rating, research and advisory group, fully committed to Sustainable Finance. Our group provides investors, banks, insurances, corporates and organisations of all sizes with impactful analysis and solutions to the challenges of financing as well as environmental and societal transformation.
EthiFinance provides its services to a wide range of leading international clients under the brands EthiFinance (ESG assessments and credit ratings) and Spread Research (independent credit research).
Our governance and shareholding structure matches our ambition to become the leading European financial and non-financial rating agency.
EthiFinance is registered with the European Securities and Markets Authority (ESMA) and recognized by the European Insurance and Occupational Pensions Authority (EIOPA) and the European Banking Authority (EBA).
Our commitment to sustainability and ethical business practices is reflected in our name and relies on a collective as well as individual responsibility. Applied to the financial market, our mission reads as follows: Foster enlightened and responsible decision making for a more sustainable finance and economy.
We believe that our actions matter. By contributing to the transparency and efficiency of credit and investment markets through our expert and independent opinions, we support a financial industry and an economy that serves the planet and society.
Our work is guided by the principle of double materiality. Double materiality is a concept in which companies should consider how their actions affect people and the planet, but also how sustainability issues can affect their economic success. For EthiFinance, double materiality also means both impact materiality and financial materiality are already reflected in our methodologies.
Created in 2017, the EthiFinance Group is the result of a merger between Spread Research and EthiFinance, French financial and nonfinancial rating agencies both founded in 2004. The objective was to create the leading financial and nonfinancial rating agency in Europe.
In 2020, the family holding Andromède (the Hériard Dubreuil family) took a majority stake in the Group to amplify the development of the Group through all its businesses and to help it expand further and deepen its role as a significant European player. Pursuing this goal, the Group acquired amongst others Axesor Rating, a Spanish leader in credit rating in 2022, and imug rating, a German pioneer in sustainability research in 2023.
Now present in five locations in France, Germany and Spain, EthiFinance provides investors, banks, insurance companies, companies and organizations of all sizes with high-impact analysis and solutions to the challenges of financing, environmental and social transformation.
