GMI Ratings was formed in 2010 through the merger of three independent companies: The Corporate Library, GovernanceMetrics International and Audit Integrity. Each of the predecessor firms had developed tools that addressed systemic shortfalls in risk modeling and mitigation by quantifying material risks often undetected in traditional approaches.
- The Corporate Library – Founded in 1999, The Corporate Library was the leading independent provider of research and ratings designed to help institutional investors evaluate corporate governance practices as an element of overall investment risk.
- GovernanceMetrics International – Founded in 2000, GovernanceMetrics International developed in-depth coverage of governance risk profiles of 4,200 companies, including the complete MSCI World Index and extensive Emerging Market coverage.
- Audit Integrity — Founded in 2002, Audit Integrity developed Accounting and Governance Risk (AGR®) ratings for approximately 18,000 public companies worldwide. Based on more than 80 metrics, these ratings reflected accounting and governance practices statistically associated with an elevated risk of negative events including securities class action litigation, SEC enforcement actions, material financial restatements, financial distress, and Black Swan equity drops.
Drawing on the shared vision and intellectual capital of its predecessor firms, GMI Ratings emerged as a clear leader in the understanding of risks affecting the performance of public companies worldwide. Today, GMI Ratings provides institutional investors, insurers and corporate decision-makers the most extensive coverage of environmental, social, governance and accounting-related risks. In 2014, GMI Ratings was acquired by MSCI ESG Research Inc., a subsidiary of MSCI Inc., a leading provider of investment decision support tools to investors globally, including asset managers, banks, hedge funds and pension funds. MSCI products and services include indexes, portfolio risk and performance analytics, and ESG data and research.