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Contributions by Véronique Menou
Aligning Portfolios with the Paris AgreementOct 26, 2020 Download Document
The pressure on institutional investors to act on climate change and demonstrate its influence on their decision-making and portfolio construction continues to grow. Increasingly, the focus is on the alignment of client investment strategies with the decarbonization pathways required to deliver the global 1.5oC increase targeted by the Paris Agreement.
This alignment may be achieved by overweighting companies on a credible path to decarbonization or offering green solutions, while in contrast underweighting those poorly positioned for the transition to a lower-carbon economy and by limiting exposure to the growing physical risks. Investors tackling this investment challenge are now supported by the MSCI Climate Paris Aligned Indexes.
Aligning with the Paris Agreement: An Index ApproachOct 22, 2020 Learn More
Institutional investors are under pressure to align their strategies with a maximum global temperature increase of 1.5oC as targeted by the Paris Agreement. We examine how they can approach this while respecting other investment constraints.
与《巴黎协定》保持一致：一种基于指数的方法Oct 22, 2020
由于需要根据《巴黎协定》的目标使投资策略与将全球升温限制在 1.5oC 所需的脱碳途径相一致，投资者承受着越来越大的压力。
KEEP IT BROAD: AN APPROACH TO ESG STRATEGIC TILTINGFeb 8, 2017
HOW CAN UNIVERSAL OWNERS INTEGRATE ESG PRINCIPLES WHILE MAINTAINING A BROAD AND DIVERSIFIED INVESTMENT UNIVERSE?
Institutional investors are increasingly looking for ways to integrate ESG considerations into their investment decisions. By doing so, they may aim to mitigate long-term risks, generate higher risk-adjusted performance and/or align investments with broader societal objectives. As ESG investment guidelines become more commonplace among asset owners, and as many continue to build capabilities in engagement and risk management, we have seen a small but growing set of institutional investors focus on long-termism by adopting investment strategies that explicitly build in their holistic views of the future.
Toward Sustainable Impact Through Public MarketsApr 12, 2016 Download Document
Institutional investors are increasingly looking for ways to steer capital toward companies and projects that provide solutions to major social and environmental challenges, but achieving impact at scale can be a challenging proposition. The United Nations Sustainable Development Goals (SDGs) provide a useful foundation for scalable impact, representing a broad consensus of global stakeholders around 17 ambitious development goals. The new Sustainable Impact framework and accompanying data and index are designed to allow investors to measure their current exposure to exchange-listed companies that provide sustainable impact solutions and to define actionable thematic allocations in line with the SDGs.
Beyond Divestment: Using Low Carbon IndexesMar 26, 2015 Download Document
Winner of the 2015 IRRC Institute Investor Research Award for best practitioner paper.
Approaches based on divesting certain sectors effectively can help asset owners communicate their concerns about the risks of climate change to stakeholders. However, they ignore short-term benchmark risk. Further, a focus on divesting reserves disregards fixed assets that are at risk of losing value because they depend on burning fossil fuel reserves. This paper provides a framework for evaluating ways to reduce two dimensions of carbon exposure - current carbon emissions and potential future emissions embedded in fossil fuel reserves - and explores new and more financially viable ways of managing carbon risk.