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Matt Moscardi

Matt Moscardi
Executive Director, ESG Research

About the Contributor

Matt Moscardi serves as co-chair of the MSCI ESG Editorial Board and Head of Financial Sector Research. Previously, Matt worked on ESG ratings in the financial sector. Prior to joining MSCI, he developed low-carbon investment programs and engaged with U.S. pension funds and asset managers as a manager at Ceres. Matt also founded an ESG hedge fund. He graduated with a B.A. from Brown University with a concentration in Computers and Music.

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Contributions by Matt Moscardi

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  1. BLOG

    Need a Lyft? Why the IPO blew a tire 

    Apr 10, 2019 Matt Moscardi , Alan Brett

    Equity Themes , ESG Research , Risk Management

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    A week into the highly publicized IPO for Lyft Inc., the ride-sharing company, it’s hard to say it went exactly as planned.

  2. BLOG

    2019 ESG趋势展望 

    Jan 22, 2019 Matt Moscardi , Linda-Eling Lee

    ESG Research

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    ESG投资者的漫漫长途已经开始,有很多人也开始支持这个长征1。我们2019年要关注的五个ESG趋势中的每一个,都包含可能被忽视的成本和机遇。

  3. BLOG

    2019年に注目すべきESGトレンド 

    Jan 22, 2019 Linda-Eling Lee , Matt Moscardi

    ESG Research

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  4. PAPER

    ESG Trends to Watch in 2019 

    Jan 22, 2019 Linda-Eling Lee , Matt Moscardi

    Responsible Investing

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    We highlight five of the most pressing challenges and opportunities ESG institutional investors face in 2019: how to deal with the massive amount of plastic waste generated each year; regulations focused on ESG investors; the earlier-than-expected effects of climate change; the big signal revolution and the role of corporate leadership in a world where we’ve seen the disintegration of walls between the executive suite and employees, markets and governments.

     

    To read data from other years, please see our ESG Trends page.

  5. BLOG

    ESG trends to watch in 2019 

    Jan 22, 2019 Linda-Eling Lee , Matt Moscardi

    ESG Research

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    The long haul many are bracing for has already started for ESG investors. Each of our five ESG trends to watch in 2019 contain potentially overlooked costs – and opportunities.

  6. Whether it is policy, technological or climactic change, companies face an onslaught of challenges that are happening sooner and more dramatically than many can anticipate.  Investors in turn are looking for ways to position their portfolios to best navigate the uncertainty. In 2018, investors will: use ESG signals to help navigate the evolving size and shape of the emerging markets universe; expand their view of portfolio climate risk to macro exposures across asset classes; accelerate ESG integration into fixed income; look to alternative data sources to balance the growing volume of corporate sustainability disclosure; and increasingly seek opportunities to invest in talent quality.

    To read data from other years, please see our ESG Trends page.

  7. PAPER

    Regulatory Easing: Potential Impact on Energy Sector 

    Jun 1, 2017 Manish Shakdwipee , Matt Moscardi

    Responsible Investing

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    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 global factors – such as falling prices of clean technologies, aspiration for clean air and increased efforts of major energy importing nations to secure greater energy independence - paired with ‘sticky’ energy supply, may dampen the long-term impact of regulatory easing limited to single market.

  8. PAPER

    Women in finance - Do financial firms maximize their talent supplies? 

    Feb 17, 2017 Matt Moscardi , Gaia Mazzucchelli

    Responsible Investing

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    Rather than understanding gender through the lens of performance, our approach to this paper was to understand whether the gender gap was a function of talent and labor availability rather than cultural bias.  In short – do financial firms maximize their available talent and labor supplies?

    MSCI ESG Research estimated the available supply of talent workforce in any given country and mapped them to individual financial firms based on the geographies where they operate and recruit talents to measure whether companies’ practices were mirroring their access to talents. Our estimates point to a definitive no – financial firms largely eschew using the talent pools in the proportions available to them.  In fact, while more than 60% of companies in our 91 company sample had more women in their overall workforce, at the senior management level, the exact opposite was true.  More than 95% of companies in our sample had fewer women than we would expect in senior management.

    We measured the implications of gender mismatch at financial companies and found that at senior management levels, companies that either matched their talent pool or skewed toward female talent had on average 43% lower compensation cost per employee than companies skewed toward men in senior management relative to available talent in 2016. 

  9. PAPER

    2017 ESG TRENDS TO WATCH 

    Jan 12, 2017 Matt Moscardi , Linda-Eling Lee

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    This year may usher in a fundamental rethink for investors. Underlying all the major trends we identified for 2017 is a strategic decision point – do we change the way we think about investing, or is this business as usual in a new order? In our annual trends to watch report, we highlight the six biggest ESG forces affecting institutional investors over the long haul.

    To read data from other years, please see our ESG Trends page.

  10. PAPER

    Fund Transparency: Exploring the ESG Quality of Fund Holdings - March 2016 

    Mar 8, 2016 Ken Frankel , Matt Moscardi , Laura Nishikawa

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    To solve for the next generation of investors’ demands for greater transparency around the ESG characteristics of their investments, MSCI ESG Research is introducing the concept of ESG Quality with the calculation of a Fund ESG Quality Score across over 21,000 mutual funds and ETFs. Funds with higher scores are comprised of companies managing their ESG risks relative to industry peers.

  11. PAPER

    Fund Transparency: Exploring the ESG Quality of Fund Holdings - Excerpt 

    Mar 8, 2016 Laura Nishikawa , Ken Frankel , Matt Moscardi

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    To solve for the next generation of investors’ demands for greater transparency around the ESG characteristics of their investments, MSCI ESG Research is introducing the concept of ESG Quality with the calculation of a Fund ESG Quality Score across over 21,000 mutual funds and ETFs. Funds with higher scores are comprised of companies managing their ESG risks relative to industry peers.

  12. PAPER

    2016 ESG TRENDS TO WATCH 

    Jan 11, 2016 Laura Nishikawa , Ric Marshall , Matt Moscardi

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    In our annual trends report, we highlight the key environmental, social and governance (ESG) trends that are top of mind for investors going into the New Year. In 2016, these trends reflect a softening economy, a long-term shift to a low carbon economy, a generational changeover and institutional forces.

     

    Download the Research Spotlight "2016 ESG Trends to Watch."

    To read data from other years, please see our ESG Trends page.

  13. PAPER

    Research Insight - Women on Boards: Global Trends in Gender Diversity 

    Nov 30, 2015 Ric Marshall , Matt Moscardi , Damion Rallis

    Investing (Investment Management) , Responsible Investing

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    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 female director goal; we estimate that this goal is unlikely to be attained until 2027. We explored two ways to reach the 30% goal as early as 2020.

  14. PAPER

    RE EXAMINING THE TAX GAP 

    Jun 3, 2015 Gaurav Trivedi , Matt Moscardi , Manish Shakdwipee

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    Since our analysis in December 2013 on the diversity of tax rates paid by MSCI World companies, the regulatory outlook has shifted substantially. In our updated analysis, we identify 243 companies (out of 1,093 relevant1 companies within the MSCI World Index constituents) as having a large tax gap, paying an average rate of 17.7%, versus 34.0%, if these companies were paying taxes in the jurisdictions where they generate revenues.
     

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