MSCI launches environmental index series

LONDON (BestGrowthStock) – MSCI Inc has launched a series of 23 new environmental and sustainability share indexes, the investment analysis and market index company said on Tuesday.

The MSCI ESG (Environment and Social Governance) indexes will serve as benchmarks of investment performance and the basis for investment products, the company said in a statement.

The series has three categories.

Best-of-class indexes include the MSCI World ESG Index, based on the MSCI World Index, which will include companies with high ESG ratings compared to their sector or industry group peers.

The series also includes value-based indexes, such as the MSCI KLD 400 Social Index, which investors can use to invest according to specific values or ethical beliefs.

The third category is environmental indexes, such as the MSCI Global Clean Technology Index, which will be used by investors who want exposure to specific alternative energy sectors.

“A growing number of asset managers are now subject to ESG-related mandates that will shape their strategies going forward. We are committed to providing innovative tools to support our clients in this expanding market,” said Remy Briand, head of MSCI Index and ESG Research.

The Dow Jones Sustainability Indices were the first global indexes to track the financial performance of large sustainability-driven companies worldwide.

(Reporting by Nina Chestney; Editing by Anthony Barker)

MSCI launches environmental index series