The MSCI ESG Indexes are designed to represent the most prevalent ESG investment strategies. They are rebalanced on the regular MSCI Semi-Annual and Quarterly Index Review schedule. Constituent selection is based on research provided by MSCI ESG Research.

MSCI Global Sustainability Indexes
The MSCI Global Sustainability Indexes are benchmarks for investors seeking exposure to companies with strong sustainability profiles with relatively low tracking error to the underlying equity market.

MSCI Global Sustainability Indexes include companies with high ESG ratings relative to their sector peers. They target companies with the highest ESG ratings making up 50% of the adjusted market capitalization in each sector of the underlying index. The indexes are reconstituted annually at the May Semi-Annual Index Review.

  • The MSCI ACWI ESG Index provides exposure to companies with high ESG performance relative to their sector peers and consists of large and mid-cap companies across 23 Developed Markets (DM) and 21 Emerging Markets (EM) countries.
  • The MSCI World ESG Index provides exposure to companies with high ESG performance relative to their sector peers and consists of large and mid-cap DM companies.
  • The MSCI EM ESG Index provides exposure to companies with high ESG performance relative to their sector peers and consists of large and mid-cap EM companies.

MSCI Global SRI Indexes
The MSCI Global SRI Indexes are benchmarks for investors seeking exposure to companies with outstanding sustainability profiles and avoiding exposure to companies that produce goods and services considered to have highly negative social or environmental impacts.
The MSCI Global SRI Indexes include companies with very high ESG ratings relative to their sector peers and excludes companies involved in alcohol, tobacco, gambling, civilian firearms, military weapons, nuclear power, adult entertainment and genetically modified organisms (GMOs). The indexes target companies with the highest ESG ratings making up 25% of the adjusted market capitalization in each sector of the underlying index.
The selection universe for the MSCI Global SRI Indexes is defined by the constituents of the MSCI Global Sustainability Indexes. The indexes are reconstituted annually at the May Semi-Annual Index Review.

  • In addition to MSCI ACWI SRI Index, MSCI World SRI Index and MSCI EM SRI Index, region and country sub-indexes are available.
  • The MSCI Emerging Markets SRI 5% Issuer Capped Index is a capped version of the MSCI Emerging Markets SRI Index and limits excessive company concentration by constraining the maximum exposure to a company to 5% at each Index Review.

The MSCI KLD 400 Social Index includes 400 US companies with very high ESG ratings relative to the constituents in the MSCI USA Investable Market Index (IMI), while maintaining sector weights similar to the MSCI USA Index. Consistent with the MSCI Global SRI Indexes, the index also excludes companies involved in alcohol, tobacco, gambling, civilian firearms, military weapons, nuclear power, adult entertainment and GMOs. The index was launched in May 1990 and is one of the first SRI indexes.
The selection universe for the MSCI KLD 400 Social Index is defined by the constituents of the MSCI USA IMI ESG Index. The index is set to 400 companies at each quarterly rebalance.

MSCI Global Ex Controversial Weapons Indexes
The MSCI Global ex Controversial Weapons Indexes are benchmarks designed for investors who wish to avoid investments in cluster bombs, land mines, chemical and biological weapons, and depleted uranium weapons. The selection universe for the MSCI Global ex Controversial Weapons Indexes is defined by the constituents of MSCI AWCI.
In addition to MSCI ACWI ex Controversial Weapons Index, MSCI World ex Controversial Weapons Index, and MSCI EM ex Controversial Weapons Index, region and country sub-indexes are available.

MSCI Global Environmental Indexes

MSCI ESG Environmental Indexes provide Low Carbon, Fossil Fuels Exclusion and Thematic alternatives for investors.

  • The MSCI Low Carbon Indexes are intended to help identify potential risks associated with the transition to a low carbon economy while representing the performance of the broad equity market by addressing two dimensions of carbon exposure: carbon emissions and fossil fuel reserves.
  • The MSCI Global Fossil Fuels Exclusion Indexes are benchmarks for investors who aim to eliminate or reduce fossil fuel reserves exposure from their investments.
  • The MSCI Thematic Indexes are intended to identify companies with positive environmental impact for investors looking for thematic investment opportunities.
    • The MSCI Global Environment Index is comprised of the following sub-indexes: MSCI Global Alternative Energy Index, MSCI Global Clean Technology Index, MSCI Global Green Building Index, MSCI Global Sustainable Water Index and MSCI Global Pollution Prevention Index.
    • The MSCI Global Climate Index is an equal weighted basket of 100 companies that are leaders in mitigating the causes of climate change. Index constituents are selected for their involvement in three environmental themes: Renewable Energy, Clean Technology & Efficiency, and Future Fuels.

Custom MSCI ESG Indexes
Custom MSCI Sustainability Indexes are calculated using ESG criteria specified by clients and applied across Developed and/or Emerging Markets countries or regions. An example is the Human Rights Custom Index on MSCI ACWI.

Barclays MSCI ESG Fixed Income Indices
The Barclays MSCI ESG Fixed Income Indices comprise more than 500 standard and bespoke ESG fixed income indices representing the most widely used ESG strategies and investment objectives.

  • Barclays MSCI Socially Responsible (SRI) Indices exclude issuers that engaged in particular businesses activities that may be restricted for certain investors and are intended for those whose investment selections are governed by values-based policies.
  • Barclays MSCI Sustainability Indices apply a best-in-class methodology to select issuers (sovereign, corporate, and quasi-sovereign) with high ESG ratings relative to their peers. These indices are intended for investors who place a premium on companies’ sustainability strategies and believe ESG criteria can be applied to identify companies that are more effective in managing the ESG risks unique to their industry.
  • Barclays MSCI ESG Weighted Indices use ESG ratings to systematically over- and under-weight issuers within a bond index using an objective rules-based approach. These indices are targeted toward universal owners whose investment strategies express a view on the financial impact that ESG factors will have on their investments.