Global stakeholder engagement and ESG consulting firm Morrow Sodali announced today the acquisition of ESG strategy and implementation advisory HXE Partners.

Founded in 2018, New York-based HXE Partners supports companies and investors with the development, management, and integration of sustainability and ESG strategies and best practices within their organizations. The company’s services include strategy development, including working with clients set sustainability goals and understand their business’ material issues; implementation and management, helping to develop appropriate infrastructure and processes to implement sustainability programs, and; investor reporting and recognition, working with clients to communicate their sustainability achievements to internal and external stakeholders.

HXE Partners founder and CEO Harry Etra will join Morrow Sodali as a Managing Director. Etra said:

“We are excited to join Morrow Sodali and align with a leader in the ESG space. The combination of the two firms will enable us to offer clients expanded capabilities from a larger team of ESG experts.  Morrow Sodali offers an entire suite of services designed to help clients reduce risk, capture opportunities, and create value for stakeholders.”

The announcement follows the acquisition earlier this year by Morrow Sodali of ESG-focused specialty advisory firm FrameworkESG. Morrow Sodali said that HXE Partners will join the its ESG practice, and work closely with FrameworkESG.

Morrow Sodali Chief Executive Officer, Alvise Recchi, said:

“This acquisition and the recent acquisition of FrameworkESG bring together two leading ESG specialty firms under the Morrow Sodali umbrella. By augmenting our resources with HXE Partners, we are establishing Morrow Sodali  as the go-to firm for ESG expertise and creating much needed additional capacity to service our growing roster of corporate clients.”