Showing 1991 - 2000 of 3,190 entries
Research PaperProperty Investment and Climate Change Adaptation in Australia
KEY FINDINGS By mapping meteorological data of temperature zones against office portfolios of Australian REITs and REMDs, we found that as of November 2015 28% of their portfolios fall in zones where temperatures, and associated cooling costs, are relatively high and are likely to rise further as a result of climate change. Similar building performance in terms of energy efficiency between cooler and hotter zones, suggests that the real estate market in Australia may not have fully...
Research PaperCarbon Footprinting 101 - A Practical Guide to Understanding and Applying Carbon Metrics
Assessing the carbon footprint of a portfolio is the first step in addressing the investment implications of climate change. Carbon footprinting sets a baseline to inform future actions, which can range from reporting and engagement to decarbonization and integrated risk management.
Research PaperResearch Insight - Women on Boards: Global Trends in Gender Diversity
Many institutional investors are increasingly focused on the gender composition of company boards. Our latest research shows that companies in the MSCI World Index with strong female leadership generated a Return on Equity of 10.1% per year versus 7.4% for those without, as of September 9, 2015, though we could not establish causality. We found that companies lacking board diversity suffered more governance-related controversies than average. Global asset owners are promoting a 30% global...
Research PaperClearing the Smoke Around Cannabis
Exposure to companies with ties to the cannabis industry raises challenges for investors. Some have sought to keep their portfolios cannabis-free while others have focused on long-term risks and opportunities. How can investors approach this challenge?
Research PaperHave Corporate Controversies Helped or Hurt Performance
A Study of Three Portfolio Strategies The broad effects of excluding entire business lines, typical of the more traditional values-aligned of a socially responsible portfolio, are generally understood. However, little research has been done on the performance implications of exclusions based on alleged corporate wrongdoing, though such exclusions are common. In this study, we investigate the risk and return impact of excluding companies involved in events negatively impacting stakeholders,...
Research PaperClimate Change and Low-Carbon Risks and Opportunities in China
A transition to a low-carbon economy could alter the risk-return profile for many industries. The MSCI Climate Change Indexes aim to be practical tools to assist institutional investors in reflecting these potential changes in their investment strategies. They seek to do so by increasing the index weight for providers of low-carbon solutions and decreasing the weight of companies negatively exposed to such changes while seeking to maintain broad market exposure. In July 2020, MSCI launched...
Research PaperAlignment to Climate Regulatory Scenarios: A Case Study of Australian Companies
While technological progress will likely play a critical role in catalyzing a transition to a low carbon economy, regulation has historically been a key lever in efforts to reduce global carbon emissions to combat climate change. Within the financial sector, climate change scenario analysis has begun to take a more prominent role in climate change risk management, after recommendations from the Financial Stability Board’s (FSB) Task Force on Climate-related Financial Disclosure (TCFD) were...
Research PaperRegulatory Easing: Potential Impact on Energy Sector
Using market returns as a starting point, we focus on the U.S. energy sector to better understand how the possibility of regulatory easing could affect sector, company and investor performance. For the energy sector, we suggest that regulatory changes alone may be unlikely to upend global supply and demand dynamics for fossil fuels, with renewable energy adoption driven by global market-led factors extending beyond regulations in a single market. Falling demand for fossil fuels due to...
Research PaperHas gender pay parity arrived in the executive suite?
The pace of women’s integration into corporate boards and executive suites around the world remains slow, and women’s pay still lags that of their male peers. But there is evidence that a shift is afoot in the U.S., MSCI research shows. Has gender pay parity arrived in the executive suite?
MethodologyMSCI US REIT Indexes - Methodology