MSCI launched a new family of indexes consisting of companies with lower carbon exposure than the rest of the market, MSCI announced in a news release.
The MSCI Global Low Carbon Leaders indexes are based on the MSCI ACWI index and use MSCI ESG CarbonMetrics data from MSCI ESG Research.
The index family was developed at the request of the €36.6 billion ($47 billion) Fonds de Reserve pour les Retraites, Paris; 276 billion Swedish kroner ($38.6 billion) AP4, Stockholm; and money management firm Amundi. The three organizations offered “critical insights” to the development of the index family, the news release said.
MSCI said it is the first index family to address both carbon emissions and fossil-fuel reserves, providing clients “an effective tool for limiting the exposure of their portfolios to carbon risk.”
Officials at MSCI were not immediately available to provide further information.
