MSCI Japan Climate Change Index

The MSCI Japan Climate Change Index is based on the MSCI Japan Index, its parent index, and includes large and mid-cap securities of the Japanese equity markets. The index aims to represent the performance of an investment strategy that re-weights securities based upon the opportunities and risks associated with the transition to a lower carbon economy, while seeking to minimize exclusions from the parent index. The Indexes are designed to exceed the minimum standards of the EU Climate Transition Benchmark (CTB).

Index code	726319
Inception date	Nov. 26, 2013
Benchmark administrator	MSCI Deutschland GmbH
Div Yld (%)	1.91
P/E	16.65
P/E Fwd	16.95
P/BV	1.83

Number of constituents	184
Index Market Cap	$3.54 T
Largest constituent Market Cap	$202.08 B
Smallest constituent Market Cap	$284.47 M
Average constituent Market Cap	$19.24 B
Median constituent Market Cap	$9.54 B
Does this benchmark pursue ESG objectives?	Yes

Data as of Nov. 29, 2024

		Annualized std dev (%)²	Sharpe ratio^2,3	Maximum drawdown
MSCI Japan Climate Change Index	26.22	16.23	16.07	14.14	-0.10	0.13	0.36	34.44	2022-10-21 - 2021-09-14
MSCI ACWI IMI	2.39	16.60	17.82	15.06	0.17	0.50	0.56	58.28	2009-03-09 - 2007-10-31

Ticker	Provider	Name	Product type	Index name	Currency
2848 JP	Global X	GlobalX MSCI Japan Climate Change ETF	ETF	MSCI Japan Climate Change Index	USD

ESG metrics

Summary

MSCI Japan Climate Change Index

Implied Temperature Rise

> 2.0°C - < 3.2°C

100.0% coverage

MSCI ACWI IMI

Implied Temperature Rise

> 2.0°C - < 3.2°C

94.6% coverage

MSCI Japan Climate Change Index	Score	Coverage
ESG Score	7.6	100.0%
UN Global Compact Violations % (*)	0.0%	100.0%
Red Flag ESG Controversies % (*)	0.0%	100.0%

MSCI ACWI IMI	Score	Coverage
ESG Score	6.6	89.0%
UN Global Compact Violations % (*)	0.1%	99.8%
Red Flag ESG Controversies % (*)	0.1%	99.8%

(*) Additional ESG factor not mentioned in the regulation but provided for transparency purposes.

Data available as of Nov. 29, 2024. The information was updated as part of the regular monthly update cycle.

MSCI ESG and climate ratings, research and data are produced by MSCI ESG Research LLC, a subsidiary of MSCI Inc. MSCI ESG Indexes, Analytics, Real Assets, and Private Capital Solutions are products of MSCI Inc. that utilize information from MSCI ESG Research LLC. MSCI Indexes are administered by MSCI Limited and MSCI Deutschland GmbH.

Consolidated environmental rating distribution

MSCI Japan Climate Change Index

MSCI ACWI IMI

MSCI Japan Climate Change Index	Score	Coverage
Environmental Pillar Score	5.8	100.0%
Aggregated Climate VaR %	-18.0%	--
Policy Risk Climate VaR %	-9.0%	100.0%
Technology Opportunities Climate VaR %	3.3%	93.4%
Physical Risk Climate VaR %	-12.3%	100.0%
Fossil Fuel-Based Sector Exposure (NACE) %	1.5%	100.0%
Enterprise Carbon Intensity (t CO2e/$M EVIC)	356.6	100.0%
Reported Emissions %	83.0%	--
Estimated Emissions %	16.9%	--
Wtd Avg Carbon Intensity (t CO2e/$M Sales)	660.8	100.0%
High Climate Impact Sector Exposure %	66.6%	100.0%
Fossil Fuel Reserves % (*)	1.1%	100.0%
Green Revenue	6.0	100.0%
Green Capex %	0.0%	2.1%
Green Bonds % (**)	--	--

MSCI ACWI IMI	Score	Coverage
Environmental Pillar Score	5.8	89.0%
Aggregated Climate VaR %	-17.4%	--
Policy Risk Climate VaR %	-12.0%	96.7%
Technology Opportunities Climate VaR %	1.7%	63.8%
Physical Risk Climate VaR %	-7.1%	87.6%
Fossil Fuel-Based Sector Exposure (NACE) %	6.6%	100.0%
Enterprise Carbon Intensity (t CO2e/$M EVIC)	352.1	96.9%
Reported Emissions %	85.4%	--
Estimated Emissions %	13.9%	--
Wtd Avg Carbon Intensity (t CO2e/$M Sales)	822.9	97.0%
High Climate Impact Sector Exposure %	58.9%	100.0%
Fossil Fuel Reserves % (*)	5.0%	98.0%
Green Revenue	8.3	99.5%
Green Capex %	0.4%	4.8%
Green Bonds % (**)	--	--

(*) Additional ESG factor not mentioned in the regulation but provided for transparency purposes.

(**) The universe of self-labelled green bonds is sourced from Refinitiv and Climate Bonds Initiative. Bonds included in the MSCI Fixed Income Indexes that are not identified as selflabelled green bonds based on data from Refinitiv and Climate Bonds Initiative are deemed non-compliant with the green bond criteria as defined by the MSCI ESG Research Green Bond Assessment methodology. Such bonds are counted towards the Coverage %.

Data available as of Nov. 29, 2024. The information was updated as part of the regular monthly update cycle.

MSCI ESG and climate ratings, research and data are produced by MSCI ESG Research LLC, a subsidiary of MSCI Inc. MSCI ESG Indexes, Analytics, Real Assets, and Private Capital Solutions are products of MSCI Inc. that utilize information from MSCI ESG Research LLC. MSCI Indexes are administered by MSCI Limited and MSCI Deutschland GmbH.

MSCI Japan Climate Change Index	Score	Coverage
Social Pillar Score	5.6	100.0%
Controversial Weapons %	0.0%	100.0%
Tobacco Involvement - Highly Restrictive %	0.0%	--
Tobacco Involvement - Moderately Restrictive % (*)	0.0%	100.0%
Social Violations (Count)	0.0	100.0%
Social Violations (% of Constituents)	0.0%	100.0%
Lack of Due Diligence Policy (ILO) %	42.2%	100.0%
Gender Pay Gap	23.5	79.8%
Female:Male Board Diversity Ratio	29.7	100.0%
Total Recordable Injury Rate	2.7	98.3%
Bribery and Corruption Controversies (Sum)	6.0	100.0%

MSCI ACWI IMI	Score	Coverage
Social Pillar Score	5.0	89.0%
Controversial Weapons %	0.4%	99.7%
Tobacco Involvement - Highly Restrictive %	0.6%	--
Tobacco Involvement - Moderately Restrictive % (*)	0.5%	99.7%
Social Violations (Count)	17.0	99.8%
Social Violations (% of Constituents)	0.1%	99.8%
Lack of Due Diligence Policy (ILO) %	41.7%	96.9%
Gender Pay Gap	14.3	63.2%
Female:Male Board Diversity Ratio	56.2	95.2%
Total Recordable Injury Rate	4.8	73.2%
Bribery and Corruption Controversies (Sum)	181.0	99.8%

MSCI Japan Climate Change Index	Score	Coverage
Governance Pillar Score	6.1	100.0%
Board Independence	52.9	100.0%
Board Gender Diversity	21.8	100.0%

MSCI ACWI IMI	Score	Coverage
Governance Pillar Score	5.6	89.0%
Board Independence	78.4	97.5%
Board Gender Diversity	34.0	97.5%

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SONY GROUP CORP	5.71%
KEYENCE CORP	3.74%
MITSUBISHI UFJ FIN GRP	3.52%
HITACHI	3.21%
FAST RETAILING CO	3.05%
RECRUIT HOLDINGS CO	3.04%
TOYOTA MOTOR CORP	2.70%
DAIICHI SANKYO CO	2.37%
ADVANTEST CORP	2.14%
TOKIO MARINE HOLDINGS	2.13%

Index categories

Products for indexes

Direct Indexing

MSCI Japan Climate Change Index

Index risk and return characteristics

Top 10 constituents

Sector weights

Country weights

1 index-linked ETP

ESG metrics

Summary

MSCI Japan Climate Change Index

MSCI ACWI IMI

Consolidated environmental rating distribution

MSCI Japan Climate Change Index

MSCI ACWI IMI

Consolidated social rating distribution

MSCI Japan Climate Change Index

MSCI ACWI IMI

Consolidated governance rating distribution

MSCI Japan Climate Change Index

MSCI ACWI IMI

Want to learn more about MSCI Climate indexes?
Get in touch.

		Annualized std dev (%)²			Sharpe ratio^2,3			Maximum drawdown
	Turnover(%)¹	3 YR	5 YR	10 YR	3 YR	5 YR	10 YR	%	Period YYYY-MM-DD
MSCI Japan Climate Change Index	26.22	16.23	16.07	14.14	-0.10	0.13	0.36	34.44	2022-10-21 - 2021-09-14
MSCI ACWI IMI	2.39	16.60	17.82	15.06	0.17	0.50	0.56	58.28	2009-03-09 - 2007-10-31

Index categories

Products for indexes

Direct Indexing

MSCI Japan Climate Change Index

Index risk and return characteristics

Top 10 constituents

Sector weights

Country weights

1 index-linked ETP

ESG metrics

Summary

MSCI Japan Climate Change Index

MSCI ACWI IMI

Consolidated environmental rating distribution

MSCI Japan Climate Change Index

MSCI ACWI IMI

Consolidated social rating distribution

MSCI Japan Climate Change Index

MSCI ACWI IMI

Consolidated governance rating distribution

MSCI Japan Climate Change Index

MSCI ACWI IMI

Want to learn more about MSCI Climate indexes?Get in touch.

Want to learn more about MSCI Climate indexes?
Get in touch.