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Bruno Rauis

Bruno Rauis

Executive Director, MSCI Research

Bruno Rauis is a member of the MSCI ESG Research team. He focuses on climate research and working with clients on climate risk analysis. Previously, Bruno was a director in Citi’s Asia-Pacific Credit Trading team. He holds a Master of Management Engineering from the Université Libre de Bruxelles and an MSc in Environmental Economics and Climate Change from the London School of Economics.

Research and Insights

Articles by Bruno Rauis

    Foundations of Climate Investing: How Equity Markets Have Priced Climate-Transition Risks

    Report | Sep 1, 2021 | Bruno Rauis , Zoltán Nagy , Guido Giese

    To what extent has climate risk been priced into equity markets? How can we model such risks as the world moves toward net-zero targets? We show how climate has increased in importance in the last two years, with potential long-term implications for understanding equity markets.

    Why Is Climate-Transition Risk High in High Yield?

    6 mins read Blog | May 6, 2021 | Bruno Rauis , Juan Sampieri , Andy Sparks

    Investors increasingly focus on building greener portfolios. Some might expect bonds to be less exposed to climate-transition risk compared to equities, due to the seniority of bonds in the capital structure. But does that logic hold at the portfolio level?

    How Have Stocks Responded to Changes in Climate Policy?

    7 mins read Blog | Mar 1, 2021 | Guido Giese , Zoltán Nagy , Bruno Rauis

    To what extent has climate risk been priced into equity markets? Is there a “brown” discount and a “green” premium? Has this shifted over time? How can we model such risks as the world moves toward net-zero targets? We examine the financial impact of climate transition risk on global equity markets.

    Climate Transition and Bonds: Risk or Opportunity?

    5 mins read Blog | Feb 23, 2021 | Bruno Rauis , Juan Sampieri , Andy Sparks

    The transition to a low-carbon economy could significantly redirect the flow of investments toward greener companies and technologies that limit carbon emissions. We consider the potential risk — and opportunity — for bond investors.

    Managing Climate Risk in Investment Portfolios

    Report | Jun 26, 2020 | Zoltán Nagy , Bruno Rauis

    How can active managers integrate climate risk in their portfolios? We test four simple exclusion strategies on a sample global equity portfolio, examining their impact on the risk, return and market exposures.