Morrow Sodali Acquires HXE Partners

Continues Expansion of Leading ESG Advisory Practice

Adds Deeper Climate-related Expertise

Morrow Sodali, the global stakeholder engagement and ESG consulting firm, today announced the acquisition of HXE Partners. HXE Partners, an ESG strategy and implementation advisory firm, joins Morrow Sodali’s ESG practice and will work closely with Morrow Sodali subsidiary FrameworkESG, a specialty advisory firm that provides data-driven analysis and expertise to help clients reduce ESG risk, build trust and create long-term value for stakeholders. Terms of the deal were not disclosed.

Founded in 2018, HXE Partners was created to address the widening gaps between what investors were asking for and what companies provided regarding sustainability and ESG information. The need for better disclosure ultimately leads to the need for better strategies, as well as their thoughtful implementation and their reporting. In response to this demand, HXE Partners has grown to support clients in the sustainability and ESG value creation process.

“This acquisition and the recent acquisition of FrameworkESG bring together two leading ESG specialty firms under the Morrow Sodali umbrella,” said Morrow Sodali Chief Executive Officer, Alvise Recchi. “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.”

"We are excited to join Morrow Sodali and align with a leader in the ESG space,” said Harry Etra, Founder and CEO of HXE Partners. “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."

Harry Etra will join Morrow Sodali as Managing Director, where he will collaborate with Morrow Sodali’s existing ESG Advisory practice in North America to provide clients with enhanced ESG services and additional climate capabilities to meet the growing demand from Morrow Sodali’s client base and the marketplace.

Morrow Sodali’s comprehensive ESG and investor-focused services include assessment, integration, and communication work such as: strategic ESG consulting, ESG reporting and disclosure, stakeholder engagement, materiality and ratings assessments, competitive analysis and benchmarking, among others. With the addition of HXE Partners, the firm gains a team with particular expertise in climate-related matters. “With 2023 being the hottest summer on record, companies have increased their focus on climate-related issues. As a leading ESG Advisory firm, we are deepening our climate expertise to help companies address this critical issue,” added Recchi.

The acquisition of HXE Partners follows FrameworkESG as the second ESG consulting firm acquisition announced by Morrow Sodali in the last six months, continuing the company’s strategy of building and broadening its suite of client-focused stakeholder engagement and ESG consulting services, bringing key additional capabilities and capacity to the firm’s global client base.

About Morrow Sodali

Morrow Sodali is a global corporate consultancy that provides clients with comprehensive advice and services relating to corporate governance, compensation, ESG, sustainability, proxy solicitation, capital markets intelligence, shareholder and bondholder engagement, M&A, activism and contested situations, financial communications, investor relations and research. The addition of HXE Partners represents Morrow Sodali’s eighth acquisition as the firm continues to expand and enhance the range of advisory services it provides to its clients globally.

From headquarters in New York and London and offices in global capital markets, Morrow Sodali serves over 1,000 clients in more than 80 countries, including many of the world’s largest multinational corporations, both listed and private, mutual fund groups, stock exchanges and membership associations.

In 2022, Morrow Sodali celebrated its 50th anniversary and also secured majority investment from TPG Growth, the middle market and growth equity platform of alternative asset firm TPG. This partnership significantly advances Morrow Sodali’s mission of providing clients worldwide with unrivaled strategic advice and comprehensive support, enabling them to maximize value and expertly manage stakeholder relations.

About HXE Partners

HXE Partners helps clients align their sustainability and environmental, social, and governance (ESG) goals with stakeholder expectations and industry best practices. With experience across sectors, HXE Partners supports the development, management, and integration of sustainability and ESG strategies that are relevant and cost-effective. HXE Partners collaborates with its clients at any stage of their ESG strategy, focusing on their unique needs while proposing new approaches, implementing effective programs, and delivering high quality results.

For more information, please visit:

Morrow Sodali: www.morrowsodali.com

HXE Partners: www.hxepartners.com

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