MSCI has announced that it will consult with the investment community on the creation of potential new global socially responsible indices.
“The proposed indices aim to support the benchmarking and other index related needs of investors who seek to invest in accordance with their values such as religious beliefs, moral standards or ethical views,” MSCI said in a statement. “The proposed indices will exclude companies that are inconsistent with specific values based criteria and will target companies with high ESG ratings relative to their sector peers.”
MSCI already owns nearly two dozen ESG indices run by KLD, picked up when the company purchased KLD parent RiskMetrics last year.
The results of the consultation will be announced on March 4.
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