MSCI Inc, a provider of critical decision support tools and services for the global investment community, has committed to the goal of net-zero emissions before 2040.
To achieve this goal throughout MSCI’s global operations, MSCI will prioritise:
- Reducing emissions: accelerate carbon-reduction initiatives focusing on the most material and controllable emissions, such as electricity consumption, business travel and employee commutes; favor green-certified buildings for MSCI offices, promote a flexible working environment for employees, encourage virtual meetings and low-carbon options for business travel
- Engaging suppliers: tackle emissions in the MSCI supply chain and prioritise engagement with major suppliers to achieve shared net-zero goals.
MSCI had previously pledged to reduce by 2035 the company’s Scope 1 and 2 emissions by 50 per cent, and Scope 3 emissions by 20 per cent. With the commitment to transition to net-zero prior to 2040, MSCI will review and publish revised interim targets using standardised metrics and initiatives, such as those developed by the Taskforce on Climate-Related Financial Disclosures (TCFD). MSCI will also supplement its transition strategy as best practices and technological developments emerge.
Henry Fernandez, Chairman and Chief Executive Officer, MSCI, comments: “Companies have a fundamental responsibility to reduce their impact on the planet and join the journey to a decarbonised economy. MSCI’s commitment reflects our obligation to be good stewards of the capital that long-term shareholders entrust to our company.
“MSCI’s efforts to achieve net-zero before 2040 will drive a transformation of our company, culture and our actions to the benefit of all our stakeholders. We believe this action is needed as we play our part to unshackle the world from the fossil fuel era and ignite a new world of sustainable growth.”