Extended-lister
Showing 481 - 490 of 696 entries
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Webcast
Green Bond Index Trends, Enhancements and FAQs for Bond Issuers and UnderwritersIn 2015, total green bond issuance capped out at $41.8bn and, according to the Climate Bonds Initiative, total 2016 numbers are now just over $46bn. The growing green bonds market has been met by excitement and hesitation as both institutional investors and issuers struggle to agree upon standards. In 2014, Barclays and MSCI ESG Research launched the Barclays MSCI Global Green Bond Indices, including a set of objective, independent green bond evaluation criteria. As the market grows and...
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Research Report
Fossil Fuel Divestment: A Practical IntroductionThis brief is aimed at institutional investors facing the possibility or necessity of divesting from some type of fossil fuel holdings. Approaches to explicit divestment have multiplied since the early days of the Carbon Tracker 200 list, as investors now have a better understanding of mechanisms to manage carbon in portfolios, including using revenue and power generation data in addition to reserves ownership. We found that the most common approaches are designed to optimize for fossil fuel...
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Research Report
Private Prisons: Options and Implications for Concerned InvestorsValues-based institutional investors have long focused their attention on companies that run private detention and correctional facilities on behalf of federal and state governments due largely to concerns about charges of poor conditions. More recently, some private prison operators have become involved in immigration detention center operation as an expansion of their established operations in the for-profit prison business, while at the same time issues of displacement and refugee...
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Research Report
Measuring the Sustainability of AbenomicsAre Improved Returns for Japanese Companies Smoke and Mirrors? Following decades of recession and slow growth, Japan’s Prime Minister Shinzo Abe introduced a revitalization plan – dubbed Abenomics – in 2012 to address the key barriers of economic growth. In particular, the third “arrow” of Abenomics, the growth strategy, focused on a series of government‐driven initiatives impacting corporations and capital markets. Among them was the establishment of Japan’s Stewardship Code and Corporate...
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Press Release
MSCI ESG Fund Metrics Available on FactSetPDF
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Research Report
Comparing Carbon Estimates Against DisclosuresIn December 2015, we identified 277 companies that were constituents of the MSCI ACWI Investable Market Index (IMI) that had disclosed their 2013 scope 1+2 carbon emissions in 2015 for the first time. This provided a unique opportunity to test out carbon estimation models on which institutional investors have had to rely. We found that the methods that have been around the longest – which rely on Economic Input Output Life Cycle Analysis (EIO-LCA) models – were not very accurate when...
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Research Report
Are CEOs Paid for Performance?2016 IRRC Institute Investor Research Award Honorable Mention Has CEO pay reflected long-term stock performance? In a word, “no.” Companies that awarded their Chief Executive Officers higher pay incentive levels had below-median returns, based on a sample of 429 large-cap U.S. companies observed from 2005 to 2015. On a 10-year cumulative basis, total shareholder returns of those companies whose total summary pay was below their sector median outperformed those companies where pay exceeded...
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Webcast
The New SRI: Trends in Values and Controversies ScreeningWe have entered a new era of socially responsible investing. For over 40 years, institutional investors have been screening out companies that do not align with client mandates, religions or values. As the field of responsible investing grows, new issues are emerging such as thermal coal, for-profit prisons and sovereign screens. With increasingly sophisticated data and tools, institutional investors have the ability to complement negative screening strategies with positive screening, impact...
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Webcast
Understanding and Managing Accounting Risk in Investment PortfoliosHeadline-making accounting scandals, like those at Toshiba, Tesco, Sino-Forest and many others in recent years, can cost shareholders dearly, through stock price declines and subsequent litigation. But the potential for harm isn’t limited to these “black swan” events. A notable survey of nearly 400 chief financial officers found that in any given period, a remarkable 20% of companies may intentionally distort earnings, even while adhering to Generally Accepted...
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Research Report
The Crisis of Affordability in Real EstateTwo-thirds of the world’s population is expected to live in cities by 2050, yet, as of the end of 2015, we found that housing for people in the middle of the income pyramid is unaffordable in most cities and countries that we studied. We estimated that the potential affordable housing market catered for this population segment is significant: $502 billion annually by 2020. This market is fueled by high potential monthly rents (greater than $ 1,000 in the main markets) and by creditworthy...