Review the MSCI methodology behind the Sustainability Characteristics and Business Involvement metrics: 1ESG Fund Ratings; 2Index Carbon Footprint Metrics; 3Business Involvement Screening Research; 4ESG Screened Index Methodology; 5ESG Controversies; 6MSCI Implied Temperature Rise
For funds with an investment objective that include the integration of ESG criteria, there may be corporate actions or other situations that may cause the fund or index to passively hold securities that may not comply with ESG criteria. Please refer to the fund’s prospectus for more information. The screening applied by the fund's index provider may include revenue thresholds set by the index provider. The information displayed on this website may not include all of the screens that apply to the relevant index or the relevant fund. These screens are described in more detail in the fund’s prospectus, other fund documents, and the relevant index methodology document.
Certain information contained herein (the “Information”) has been provided by MSCI ESG Research LLC, a RIA under the Investment Advisers Act of 1940, and may include data from its affiliates (including MSCI Inc. and its subsidiaries (“MSCI”)), or third party suppliers (each an “Information Provider”), and it may not be reproduced or redisseminated in whole or in part without prior written permission. The Information has not been submitted to, nor received approval from, the US SEC or any other regulatory body. The Information may not be used to create any derivative works, or in connection with, nor does it constitute, an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. Some funds may be based on or linked to MSCI indexes, and MSCI may be compensated based on the fund’s assets under management or other measures. MSCI has established an information barrier between equity index research and certain Information. None of the Information in and of itself can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. Neither MSCI ESG Research nor any Information Party makes any representations or express or implied warranties (which are expressly disclaimed), nor shall they incur liability for any errors or omissions in the Information, or for any damages related thereto. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited.
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‡Morningstar Analyst Rating™is not a credit or risk rating. It is a subjective evaluation performed by Morningstar’s manager research group, which consists of various Morningstar, Inc. subsidiaries (“Manager Research Group”). In the United States, that subsidiary is Morningstar Research Services LLC, which is registered with and governed by the U.S. Securities and Exchange Commission. The Manager Research Group evaluates funds based on five key pillars, which are process, performance, people, parent, and price. The Manager Research Group uses this five pillar evaluation to determine how they believe funds are likely to perform relative to a benchmark, or in the case of exchange-traded funds and index mutual funds, a relevant peer group, over the long term on a risk-adjusted basis. They consider quantitative and qualitative factors in their research, and the weight of each pillar may vary. The Analyst Rating scale is Gold, Silver, Bronze, Neutral, and Negative. A Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s conviction in a fund’s prospects for outperformance. Analyst Ratings ultimately reflect the Manager Research Group’s overall assessment, are overseen by an Analyst Rating Committee, and are continuously monitored and reevaluated at least every 14 months. For more detailed information about Morningstar’s Analyst Rating, including its methodology, please go to global.morningstar.com/managerdisclosures/.
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As a seasoned expert in the field of Environmental, Social, and Governance (ESG) investing, with a wealth of experience and knowledge in sustainable finance, I am well-versed in the intricacies of ESG fund ratings, index carbon footprint metrics, business involvement screening research, ESG screened index methodology, ESG controversies, and MSCI implied temperature rise.
Let's delve into the key concepts mentioned in the provided article:
ESG Fund Ratings:
- ESG Fund Ratings involve assessing the Environmental, Social, and Governance aspects of a fund's investment portfolio.
- The methodology likely considers specific criteria related to sustainability, ethical practices, and corporate governance.
- The assessment is crucial for investors looking to align their investments with socially responsible and environmentally sustainable practices.
Index Carbon Footprint Metrics:
- This metric measures the carbon footprint of an investment index, indicating the level of carbon emissions associated with the companies included in the index.
- Investors use this information to gauge the environmental impact of their investments and make informed decisions based on their sustainability goals.
Business Involvement Screening Research:
- Business Involvement Screening Research involves evaluating the extent of a company's involvement in certain activities or industries.
- This screening helps investors identify and avoid companies engaged in controversial or harmful practices, aligning with ethical and sustainable investment principles.
ESG Screened Index Methodology:
- ESG Screened Index Methodology refers to the criteria and process used to construct an investment index with a focus on ESG factors.
- The screening process likely excludes companies that do not meet specific sustainability criteria, providing investors with a more socially responsible investment option.
- ESG Controversies encompass events or issues related to a company's environmental, social, or governance practices that may be considered controversial.
- Investors take note of these controversies to assess the overall sustainability and ethical standing of their investment portfolios.
MSCI Implied Temperature Rise:
- MSCI Implied Temperature Rise is a metric that assesses the potential impact of a portfolio on global temperature increases.
- This metric aids investors in understanding the climate change implications of their investments, allowing them to make informed decisions to support a low-carbon future.
It's important to note that the information provided in the article emphasizes the need for investors to carefully review fund prospectuses, index methodologies, and relevant documents to fully understand the screening criteria and methodologies applied by the fund's index provider, in this case, MSCI. Additionally, the article highlights the importance of considering risk factors and charges before making investment decisions.
In conclusion, my extensive expertise in sustainable finance assures you that I am well-equipped to guide you through the complexities of ESG investing and the methodologies behind sustainability characteristics and business involvement metrics, as outlined by MSCI.