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Investment Analytics · head to head

LSEG Workspace vs Morningstar Sustainalytics

LSEG Workspace logo

LSEG Workspace

Investment Analytics

LSEG's financial data terminal with Reuters News, analytics, AI agents and Microsoft 365 integration

From
On request
Free plan
No
Full reviewWebsite
Morningstar Sustainalytics logo

Morningstar Sustainalytics

Investment Analytics

ESG Risk Ratings, controversies and regulatory data for investors

From
On request
Free plan
No
Full reviewWebsite

The short version

  • Each has a real cost: LSEG Workspace no published commercial pricing. LSEG's service overview says applications are not sold individually but packaged into workflow propositions through an account team; the only figure published is for the academic Campus variant (checked November 2026).; Morningstar Sustainalytics no prices are published for any dataset or platform licence; everything goes through a request-details form, checked November 2026.
  • They diverge on capability: LSEG Workspace covers Reuters News and 10,000 sources, Morningstar Sustainalytics covers ESG Risk Ratings.
  • Prices and features above were last checked on 12 November 2026.

Where they differ

Only the attributes on which LSEG Workspace and Morningstar Sustainalytics actually diverge.

Attributes where LSEG Workspace and Morningstar Sustainalytics differ
AttributeLSEG WorkspaceMorningstar Sustainalytics
PlatformsWindows, macOS, Web, iOS, Android, APIWeb, API

Identical on both: starting price (On request), pricing model (quote), free tier (No), user rating (Not yet rated), category (Investment Analytics).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in LSEG Workspace

  • Reuters News and 10,000 sources
  • StarMine and MarketPsych analytics
  • Fundamentals and I/B/E/S estimates
  • Portfolio analytics
  • Workspace AI agents
  • Microsoft 365 integration
  • CodeBook and LSEG Data Library
  • LSEG Messenger

Only in Morningstar Sustainalytics

  • ESG Risk Ratings
  • Controversies Research
  • Low Carbon Transition Ratings
  • Regulatory datasets
  • Country Risk Ratings and sanctions screening
  • Global Access platform
  • API and data feeds
  • Corporate licences and second-party opinions

What people use each for

The jobs each tool is most often brought in to do.

LSEG Workspace

  • Following markets and Reuters News on a research or trading desknot Morningstar Sustainalytics
  • Equity research with fundamentals, I/B/E/S estimates and StarMine modelsnot Morningstar Sustainalytics
  • Portfolio performance, risk and attribution with MSCI RiskMetrics and Barra Optimizernot Morningstar Sustainalytics
  • Building Excel and PowerPoint outputs from LSEG data with the Office add-insnot Morningstar Sustainalytics
  • Prototyping quantitative research in Python through CodeBooknot Morningstar Sustainalytics
  • Migrating former Eikon users and Eikon Data API scriptsnot Morningstar Sustainalytics

Morningstar Sustainalytics

  • Screening an investment universe on unmanaged ESG risk before portfolio constructionnot LSEG Workspace
  • Monitoring holdings for ESG controversies with daily alertsnot LSEG Workspace
  • Producing SFDR, EU Taxonomy and EBA Pillar III disclosures from licensed datanot LSEG Workspace
  • Measuring portfolio alignment with net zero through implied temperature risenot LSEG Workspace
  • Prioritising engagement and proxy voting by material ESG issuenot LSEG Workspace
  • Licensing a company's own rating for marketing or a sustainability-linked loannot LSEG Workspace

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

LSEG Workspace

  • No published commercial pricing. LSEG's service overview says applications are not sold individually but packaged into workflow propositions through an account team; the only figure published is for the academic Campus variant (checked November 2026).
  • Code written against Eikon's APIs has to be rewritten: the Eikon COM APIs and Eikon Data API are replaced by the LSEG COM Library for Workspace and the LSEG Data Library.
  • AI agent availability varies by surface and entitlement: Company Intelligence in Microsoft Teams was listed as coming soon, and LSEG tells users to contact their representative for access.
  • LSEG Messenger is free but, per the service overview, may not come by default with every Workspace variant, and live chat support is not available in the mobile app.
  • The Refinitiv brand transition is unfinished in places: the web sign-in on LSEG's download page still points to workspace.refinitiv.com and the developer community to community.developers.refinitiv.com.

Morningstar Sustainalytics

  • No prices are published for any dataset or platform licence; everything goes through a request-details form, checked November 2026.
  • The ESG Risk Ratings measure financial risk to the company from ESG issues, not the company's impact on the world, so a firm with a damaging product can still score low risk. Buyers wanting impact or double materiality need separate datasets.
  • The ratings depend on analyst assessment, which caps coverage: the ESG Risk Ratings page cites more than 16,000 companies, a fraction of the universe that model-driven providers claim.
  • Distribution is uneven by product: the Low Carbon Transition Ratings page lists FactSet, Aladdin and Bloomberg as planned rather than live, so a dataset available in one terminal may not be in another.
  • Since 1 December 2023 the site states its ESG ratings and data are not intended for India-based clients, users or residents.
  • Morningstar sells both these ratings and Morningstar Direct, and corporates can pay to license their own rating; investors relying on it should read the conflict-of-interest disclosures that come with the ESMA application, which was still pending in November 2026.

Pricing, plan by plan

LSEG Workspace

On request

No published plan breakdown. See the LSEG Workspace review.

Morningstar Sustainalytics

On request
  • Investor solutions$undefined/mo
    • Priced by quotation through a request-details form
    • Licensed by dataset: ESG Risk Ratings, controversies, climate, regulatory and screening
    • Delivered via Global Access, API, datafeed or partner platforms
  • Corporate solutions$undefined/mo
    • Priced by quotation
    • ESG rating licences, Top-Rated Companies badges and second-party opinions

Which should you pick?

Choose LSEG Workspace if

  • You need reuters news and 10,000 sources.
  • You work on Windows, macOS, Web, iOS, Android, API.
  • You also want starmine and marketpsych analytics.
LSEG Workspace review

Choose Morningstar Sustainalytics if

  • You need esg risk ratings.
  • You work on Web, API.
  • You also want controversies research.
Morningstar Sustainalytics review

Questions people ask

Is LSEG Workspace or Morningstar Sustainalytics better?
Neither clearly leads. LSEG Workspace starts at On request and Morningstar Sustainalytics at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, LSEG Workspace or Morningstar Sustainalytics?
LSEG Workspace starts at On request and Morningstar Sustainalytics at On request.
Does LSEG Workspace or Morningstar Sustainalytics run on more platforms?
LSEG Workspace runs on Windows, macOS, Web, iOS, Android, API. Morningstar Sustainalytics runs on Web, API.
What is LSEG Workspace best used for?
LSEG Workspace is most often used for following markets and reuters news on a research or trading desk, equity research with fundamentals, i/b/e/s estimates and starmine models, portfolio performance, risk and attribution with msci riskmetrics and barra optimizer, building excel and powerpoint outputs from lseg data with the office add-ins. Of those, following markets and reuters news on a research or trading desk and equity research with fundamentals, i/b/e/s estimates and starmine models are not what Morningstar Sustainalytics is typically brought in for.
What can LSEG Workspace do that Morningstar Sustainalytics cannot?
LSEG Workspace covers Reuters News and 10,000 sources, StarMine and MarketPsych analytics, Fundamentals and I/B/E/S estimates, Portfolio analytics. Morningstar Sustainalytics covers ESG Risk Ratings, Controversies Research, Low Carbon Transition Ratings, Regulatory datasets.

Answered from the vendors’ own pages

LSEG Workspace: What happened to Refinitiv Eikon?

LSEG withdrew Eikon from its product line on 30 June 2025 and replaced it with LSEG Workspace, which it had been upgrading Eikon users to since Workspace launched in 2020.

Source
Morningstar Sustainalytics: What do Sustainalytics ESG Risk Ratings measure?

The amount of material ESG risk a company leaves unmanaged. Exposure is set at sub-industry level, unmanageable risk is separated out, and the remainder is assessed against the company's policies, programmes and controversies. The result falls in one of five bands: negligible, low, medium, high or severe.

Source
LSEG Workspace: Is Refinitiv the same company as LSEG?

LSEG completed its acquisition of Refinitiv in 2021, after which Refinitiv stopped operating as a standalone company. LSEG Data & Analytics is the direct successor to Refinitiv's data and analytics business.

Source
Morningstar Sustainalytics: How many companies does Sustainalytics rate?

The ESG Risk Ratings page states analyst coverage of more than 16,000 companies across public equity, fixed income and private issuers, using over 200 indicators and 1,800 data points. Controversies Research monitors more than 19,000 entities.

Source
LSEG Workspace: How much does LSEG Workspace cost?

Commercial pricing is not published. Applications are packaged into propositions based on user workflows and quoted through an account team. The academic Campus variant is described as starting at $6.67 per user for a minimum of 100 users.

Source
Morningstar Sustainalytics: How is Sustainalytics data delivered?

Through the Global Access web platform, an API documented in OpenAPI and Swagger, scheduled datafeeds to SFTP, and partner platforms including Morningstar Direct, Bloomberg, Aladdin, FactSet, RIMES, Markit and Style Analytics.

Source
LSEG Workspace: Which platforms does LSEG Workspace run on?

Windows 10 or later and macOS 11 or later as desktop applications, in Chrome, Edge and Safari on the web, and as apps for iPhone, iPad and Android devices.

Source
Morningstar Sustainalytics: Who owns Sustainalytics?

Morningstar, Inc. It acquired a 40% stake in 2017 and completed the purchase of the remainder in July 2020.

Source
LSEG Workspace: What AI features does Workspace have?

Workspace agents including AI Search, Company Intelligence and Deep Research. AI Search and Deep Research are available in Workspace and Workspace for Microsoft Teams, and Deep Research outputs can be exported to Excel.

Source
Morningstar Sustainalytics: Is Sustainalytics authorised under the EU ESG Ratings Regulation?

Sustainalytics B.V. has applied to ESMA for authorisation as an ESG rating provider, covering eleven products including ESG Risk Ratings, controversy ratings and low carbon transition ratings. A decision had not been announced as of November 2026.

Source
Morningstar Sustainalytics: What does Sustainalytics cost?

Prices are not published. Investor and corporate products are sold by quotation through a request-details or contact form.

Source
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