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We are committed to reaching net-zero by 2040. Our near-term, long-term and net-zero science-based CO2e1 emissions reduction targets have been validated by the Science Based Targets initiative.
We set milestones to achieve in 2025: Source 100% renewable electricity, reduce absolute Scope 1 and 2 Co2e emissions by 60%, and increase to 60% by spend our suppliers with science-based targets2.
We are committed to providing meaningful disclosure on workforce diversity and engagement annually.
Our Board is actively engaged in overseeing MSCI's corporate responsibility efforts, including to ensure that our practices complement our ESG and climate leadership.
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While our environmental impact as a financial services company is relatively small, we take action to reduce our impact on the planet. We believe in being transparent about the progress we make toward our climate-related goals and how we address climate-related risks and opportunities.
Our people are at the centre of how we deliver innovative research and solutions. Our talent management, DE&I, learning and skills, flexible work, and safety and wellbeing programs enable us to attract top talent and create an environment where employees are engaged and can thrive. Acting responsibly is also central to our approach to supply chain management and information security.
We believe in the importance of robust governance practices. Our leadership structure is intended to allocate proper oversight of key risks, functions and opportunities across our Board of Directors and management, ensuring integrity in everything we do.
We believe that investors and other financial market participants must act to prevent the worst effects of a warming climate and to integrate financially relevant ESG considerations into their investment processes. Our ESG and climate solutions include indexes, data and research-driven, technology-enabled tools that help investors navigate the transition to a low-carbon economy.
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1CO2e is a unit used to express the global warming potential of different greenhouse gases as a single figure, namely the equivalent amount or concentration of carbon dioxide.
22019 is the base year for our CO2e reduction targets.