MSCI Launches Implied Temperature Rise to Help Investors Align Their Portfolios With Global Climate Goals
MSCI, a leading provider of critical decision support tools and services for the global investment community, has announced the launch of its Implied Temperature Rise (or “Temperature Rise”) solution, equipping investors globally with data to map how companies in their investment portfolios are aligning with global temperature targets. The company-level dataset will cover nearly 10,000 publicly listed companies based on the MSCI ACWI Investable Market Index.
The innovative climate solution is launching ahead of COP26 in November and follows the recent report from the Task Force on Climate-Related Financial Disclosures (TCFD), which recommends all financial institutions measure and disclose the alignment of their portfolios with the goals of the Paris Agreement using forward-looking metrics. Despite the growing number of global companies publicly committing to climate-focused goals, the strength and specific details of these commitments vary widely. The Temperature Rise solution comes at a critical time to add clarity and transparency to opaque climate commitments. The solution assesses how strong these commitments are using a simplified and powerful metric: companies’ alignment to global temperature targets.
Used alongside MSCI’s Target Scorecard, a framework to assess companies’ decarbonization and net-zero climate targets, this comprehensive series of analytical tools aims to help investors strengthen their engagement on climate risk and navigate the transition to a net-zero world. To enable investors to analyze the pace at which the companies they invest in are transitioning their businesses to meet their climate goals, the solution captures crucial benchmarks such as the 2°C target, referring to the Intergovernmental Panel on Climate Change’s (IPCC) goal, or the 1.5°C limit, popularized through the Paris Agreement.
MSCI’s Temperature Rise solution converts the current and projected greenhouse gas emissions, taking into consideration emissions reduction targets, of each company to an estimated rise in global temperature. Projections are calculated by comparing those projected emissions with the global carbon budget that remains if the planet is to keep temperature rise this century below 2°C, a benchmark also linked to MSCI’s quarterly Net-Zero Tracker.
The Temperature Rise solution has been modelled to meet the design recommendations set out by the TCFD Portfolio Alignment Team for all segments of the financial sector to measure and disclose temperature alignment of portfolios as well as target-setting frameworks.
Remy Briand, Global Head of ESG and Climate at MSCI, said: “Climate change is the greatest challenge of our time and capital markets participants are critical to driving the systemic transformation needed to avert climate catastrophe. The Implied Temperature Rise metric is an important addition to our evolving suite of climate investing tools and builds on MSCI’s mission to ensure capital markets and its participants can drive the transition to net-zero. Investors are rapidly sharpening their focus on the financial impacts of climate change, and they need greater transparency and insight on whether their capital may further, or frustrate, the goal of a more sustainable society. With its convenient measure for forward-looking portfolio emission trajectory, investors can use Implied Temperature Rise as a versatile tool to set decarbonization targets and strengthen engagement on climate risk.”
MSCI Implied Temperature Rise is currently available as part of MSCI ESG Research’s Climate Value-at-Risk product.
MSCI has and will continue to conduct proactive outreach to the nearly 10,000 publicly listed companies to call for increased climate disclosure by year end. MSCI invites all issuers to review and provide feedback on their climate targets and commitments through the MSCI ESG Issuer Communications Portal.
About MSCI Inc.
MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 50 years of expertise in research, data, and technology, we power better investment decisions by enabling clients to understand and analyze key drivers of risk and return and confidently build more effective portfolios. We create industry-leading research-enhanced solutions that clients use to gain insight into and improve transparency across the investment process.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or performance and involve risks that may cause actual results or performance differ materially and you should not place undue reliance on them. Risks that could affect results or performance are in MSCI’s Annual Report on Form 10-K for the most recent fiscal year ended on December 31 that is filed with the SEC. MSCI does not undertake to update any forward-looking statements. No information herein constitutes investment advice or should be relied on as such. MSCI grants no right or license to use its products or services without an appropriate license. MSCI MAKES NO EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR OTHERWISE WITH RESPECT TO THE INFORMATION HEREIN AND DISCLAIMS ALL LIABILITY TO THE MAXIMUM EXTENT PERMITTED BY LAW.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
Sam Wang +1 212 804 5244
Melanie Blanco +1 212 981 1049
Laura Hudson +44 (0) 207 336 9653
Rachel Lai +852 2844 9315
MSCI Global Client Services
EMEA Client Service +44 20 7618.2222
Americas Client Service +1 888 588 4567 (toll free)
Asia Pacific Client Service + 852 2844 9333
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Andersen Global Expands Footprint in Asia; Adds Presence in Four Countries28.9.2021 20:48:00 CEST | Press release
Andersen Global extends its global platform’s eastern coverage through a Collaboration Agreement with tax advisory firm BoardRoom Business Solutions Pte. Ltd., adding 14 locations across Singapore, Malaysia, China and Hong Kong. Founded in 1968, BoardRoom offers a full suite of tax, finance, payroll and corporate secretarial services, providing business solutions and corporate advisory to clients including Fortune 500 multinationals, public companies and privately-owned enterprises. The firm is led by Group CEO Kim Teo and Managing Director of BBS Chester Leong, and operates with 19 Partners and over 800 professionals. “We are pleased to be collaborating with like-minded professionals who invest in their people and promote stewardship to ensure clients receive best-in-class solutions,” Kim said. “Our combined expertise and synergy afford us the opportunity to deliver integrated, independent services in a seamless manner globally.” “BoardRoom provides broad coverage and establishes a st
SKEMA and EADA Create a Double-Degree BBA in Barcelona28.9.2021 19:46:00 CEST | Press release
SKEMA Business School and EADA Business School have signed an agreement to launch a new joint double-degree BBA programme "SKEMA X EADA Global BBA" in Barcelona, where EADA operates. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210928006004/en/ Official signing of the partnership between SKEMA and EADA on 20 September 2021 from SKEMA Business School’s Grand Paris Campus. From left to right: Patrice Houdayer, Director of Programmes, International and Student Life, Koke Pursals, Chairman of the Board of Directors of the EADA Foundation, Alice Guilhon, SKEMA’s Dean & Executive President, and Jordi Diaz, EADA’s Dean. (Photo: Business Wire) Through this alliance, SKEMA intends to develop a new European base from EADA's Barcelona campus. EADA will benefit from the presence of SKEMA’s campuses in five continents. At the same time, the two schools also aim to open this new four-year post-baccalaureate programme to candidates from
Zayed Sustainability Prize Announces 30 Finalists During Jury Meeting28.9.2021 19:42:00 CEST | Press release
The Zayed Sustainability Prize, the UAE’s pioneering award for recognising sustainable solutions and humanitarianism, held its Jury meeting to elect winners for its current 2022 cycle, who will be announced during the Prize’s Awards Ceremony at the 2022 Abu Dhabi Sustainability Week (ADSW), this January. A total of 30 finalists were confirmed and are now vying for 10 awards, across the five categories of Health, Food, Energy, Water, and Global High Schools. This year, the Prize received a remarkable 4,000 applications, marking a significant 68.5% increase in entries compared to the previous cycle, while attracting submissions from a record 151 countries, representing over three quarters of the world’s nations. The Prize Jury, comprising former heads of state, government ministers and international business figures, convened through a virtual meeting to review shortlisted submissions identified by the Prize’s Selection Committee in August. In his remarks, H.E. Dr. Sultan bin Ahmed Al Ja
MMIT/Evaluate Acquire Panalgo to Bring Speed and Trust to Pharma Analytics and Decision-Making28.9.2021 17:45:00 CEST | Press release
Managed Markets Insight & Technology (MMIT) and Evaluate, (a Welsh, Carson, Anderson & Stowe and Hg portfolio company)—which joined forces last month to become a $1.6 billion global pharma commercial intelligence provider—announced the acquisition of Panalgo, a premier healthcare data analytics company that serves many of the largest biopharmaceutical, medical device and contract research organizations around the globe. “MMIT/Evaluate and Panalgo share a vision of generating evidence and insights faster, all to help patients get timely access to lifesaving therapies,” said MMIT CEO Mike Gallup. “The addition of Panalgo fits perfectly into our strategy of building a best-in-breed technology- and services-driven healthcare business servicing pharma, biotech and beyond.” With this acquisition, MMIT/Evaluate aim to transform the process of bringing drugs to market. By incorporating Panalgo’s flagship Instant Health Data (IHD) software, MMIT/Evaluate will offer customers an end-to-end comme
Medicortex Closes Successful Pre-IPO Funding Round28.9.2021 15:16:00 CEST | Press release
Medicortex Finland Oy, a biotechnology company developing diagnostic tests for brain injury, announces successful closing of a pre-IPO share issue round that will allow the company to proceed to the next phase in the process of Initial Public Offering (IPO), in parallel to the development of its lead product candidate. Medicortex announces today that the company has raised sufficient funds in the pre-IPO financing round from company’s existing shareholders and new investors. The proceeds of a net half million euro from the round will advance the development of company’s lead product candidate as well as equip the company for its contemplated initial public offering (IPO) expected to take place in 2022. Medicortex’s pipeline program aims at developing a quick diagnostic tool, ProbTBITM, for detection of biomarkers of traumatic brain injury (TBI) and concussion by testing noninvasive body fluids such as saliva or urine. “We are pleased by the response to our round from both new investors
Diligent Hires New Senior Vice President of Worldwide Partnerships28.9.2021 15:00:00 CEST | Press release
Diligent Corporation, the global leader in SaaS governance, risk and compliance (GRC) today announces that Ricardo Moreno has joined the company as the new Senior Vice President of Worldwide Partnerships and will also lead commercial growth for Latin America. In the newly created role, Moreno will develop and execute a global strategy to drive new revenue streams for Diligent through go-to-market and technology partnerships and expand resources, enablement and incentives to maximize the mutual value of partnerships. In addition, he will be responsible for driving revenue generation and business development as Chief Revenue Officer of Latin America for the company. “Our governance, risk and compliance software—and our new ESG solution—are a natural fit for the partner ecosystem,” said Lisa Edwards, Diligent’s COO. “This new role reflects Diligent’s increased focus on resellers, systems integrators, and strategic partnerships to enhance our customers’ GRC effectiveness. Ricardo brings ex
NEW BRIGHTCOVE MARKETPLACE EXPANDS TECHNOLOGY PARTNER ECOSYSTEM28.9.2021 15:00:00 CEST | Press release
Brightcove® Inc. (NASDAQ: BCOV) today announced the launch of Brightcove Marketplace™, the premiere place to search and discover integrations and applications that extend the capabilities and the value of the Brightcove video communications platform. The Brightcove Marketplace is the latest release from the company to enable Brightcove customers to deliver flawless video to their viewers, while offering integrations to help create, monetize and analyze video assets. Video is the most engaging medium to deliver a message to any audience. Whether you are trying to reach employees, sports fans in another country or an ecommerce customer, finding a complete solution that can efficiently solve unique business challenges can be time-consuming, if not impossible. With the new Brightcove Marketplace customers can easily search for proven solutions created specifically to enhance the Brightcove platform. Launching with over 40 technology integrations, by over dozens of technology partners, this
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom