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Xinxin Wang

Xinxin Wang

Executive Director, MSCI Research

Xinxin Wang leads MSCI’s research on ESG and climate solutions for the Americas, focusing on applied research and thought leadership on ESG and climate investing. She has served on the MSCI Executive Diversity Council, cofounded the firm’s Asian Support Network and headed the Boston office. Xinxin’s prior experiences include Credit Suisse, the Federal Home Loan Bank of Chicago and Fannie Mae. Xinxin holds an MBA from the University of Chicago and graduated from Harvard Business School’s General Management Program. She is a CFA® charterholder and GARP-certified FRM®.

Research and Insights

Articles by Xinxin Wang

    ESG and Climate In Focus: 2023 Index Performance Review

    6 mins read Blog | Mar 6, 2024 | Guillermo Cano, Xinxin Wang

    A bright spot in an often-tumultuous 2023 was the ability of the MSCI ESG and Climate Indexes to meet or exceed their stated objectives, which ranged from maximizing ESG score to reducing carbon emissions.  

    What’s Been Driving the Carbon Footprint of the MSCI Climate Action Indexes?

    6 mins read Blog | Feb 8, 2024 | Xinxin Wang, Guillermo Cano, Manish Shakdwipee

    We take a deep dive into the financed-emissions intensity of the MSCI Climate Action Indexes by isolating the effect of various decarbonization drivers to offer a comparative perspective against their parent indexes.

    Understanding Institutional Investors’ Perspective on ESG Ratings

    Research Report | Dec 4, 2023 | Mehul Thakkar, Xinxin Wang, Guido Giese

    Understanding ESG risks and opportunities from the perspective of investors could be invaluable for issuers. We examine how investors think about ESG factors and how they incorporate them into their investment processes. 

    Carbon Footprinting for Banks

    Research Report | Nov 28, 2023 | Guilherme de Melo Silva, Xinxin Wang, Guido Giese

    Assessing the carbon footprint of their lending and investment activities is crucial for banks to achieve stated net-zero targets. Using a fictious bank’s balance sheet, we show how MSCI Total Portfolio Footprinting can help calculate financed emissions.

    Practical Considerations for Calculating Portfolios’ Carbon Footprint

    5 mins read Blog | Oct 20, 2023 | Xinxin Wang, Helen Droz, Oliver Marchand, Guido Giese

    Measuring financed emissions is crucial for climate disclosure, but not always straightforward. Proper data alignment and timeliness are essential to help investors make informed decisions and contribute to effective climate action.

    What’s Been Driving the Carbon Footprint of MSCI’s ESG Indexes?

    5 mins read Blog | Sep 22, 2023 | Xinxin Wang, Manish Shakdwipee, Guido Giese

    We analyze the index-level carbon emissions of the MSCI ACWI, ACWI ESG and Socially Responsible Investing Indexes, in terms of both financed emissions and emissions intensities, to see what the trends are and what’s driving them.

    Tracking Multi-Asset-Class Portfolios’ Emissions

    8 mins read Blog | Aug 8, 2023 | Xinxin Wang, Zoltán Nagy, Guido Giese

    Our previous research discussed a framework for investors to attribute changes in equity portfolios’ emissions to their primary drivers. We now adapt it to identify and analyze two approaches to tracking a multi-asset-class portfolio’s carbon footprint. 

    Climate and ESG Indexes in Focus: Let’s Get Specific

    6 mins read Blog | Jul 31, 2023 | Manish Shakdwipee, Guillermo Cano, Xinxin Wang

    How did our flagship climate and ESG indexes fare versus the broader market in the second quarter? And how much did constituent companies decarbonize since the quarter before? We delve into the specifics.

    Tracking a Corporate-Bond Portfolio’s Emissions Over Time

    7 mins read Blog | May 30, 2023 | Xinxin Wang, Zoltán Nagy, Guido Giese

    Several factors can drive the changes in a corporate-bond portfolio’s emissions. Our framework helps disentangle these variables and provides investors with greater clarity into their climate-aware strategies. 

    Connecting Emissions Attribution with Climate Action

    6 mins read Blog | May 16, 2023 | Xinxin Wang, Zoltán Nagy, Guido Giese

    Tracking a portfolio’s carbon footprint can be challenging given the multiple drivers of changes in emissions. Our framework attributes these changes to their primary drivers, including changes in issuers’ emissions, ownership and financing structure.

    A Framework for Attributing Changes in Portfolio Carbon Footprint

    Research Report | May 3, 2023 | Zoltán Nagy, Guido Giese, Xinxin Wang

    We present a framework that allows investors to understand to what extent changes in a portfolio’s carbon footprint are due to companies’ real-world decarbonization efforts, a portfolio manager’s investment decisions or changes in companies’ financing.

    ESG Factor Returns: 2022 in Review

    5 mins read Blog | Mar 7, 2023 | Xinxin Wang, Guido Giese, Zoltán Nagy

    Our analysis of ESG factor performance in 2022 suggests that time horizons, as well as specific sectors and regions, may be significant in assessing the return characteristics of ESG portfolios. 

    Did Low-Carbon-Transition Strategies Differentiate Energy Companies?

    2 mins read Quick Take | Feb 2, 2023 | Xinxin Wang, Antonios Panagiotopoulos

    While the energy crisis has boosted the energy sector overall, individual company performance has varied markedly. Our analysis shows that businesses with above-average strategies to manage a low-carbon transition outperformed.

    Keeping Energy Exposure While Lowering Emissions

    4 mins read Blog | Oct 25, 2022 | Xinxin Wang

    Could equity managers have maintained their energy exposure during the sector’s recent outperformance while also reducing carbon emissions? We find that they could have lowered emissions but with some trade-offs during our study period. 

    Despite Energy Outperformance, Climate Indexes Were Resilient

    6 mins read Blog | Oct 6, 2022 | Saurabh Katiyar, Manish Shakdwipee, Xinxin Wang

    There have been several dynamics that have influenced climate-index performance in the third quarter and first nine months of 2022. We examine the impact of macroeconomic and financial conditions on risk, return and sectors. 

    An Artificial Intelligence-Based Industry Peer Grouping System

    Research Report | Jul 15, 2022 | Howard Zhang, George Bonne, Peter Zangari, Xinxin Wang

    In this article published in the Journal of Financial Data Science, coauthors from MSCI and MIT develop and describe a data-driven system using AI tools to capture market perception and, in turn, group companies into peer clusters.