MSCI: Asset managers must engage on net zero to avoid 'climate catastrophe'

MSCI ACWI index carbon emissions set to grow substantially

Index provider MSCI has urged asset managers to use their voting rights and direct engagement with companies to urge them to align with net zero targets in efforts to help avert a “climate catastrophe”.

MSCI analysis reveals that the MSCI ACWI index, which represents roughly 9,000 global stocks and a market value of more than $70trn, is on track to see current annual emissions of 11.2 gigatons of carbon dioxide equivalent (CO2e) balloon to 16.8 gigatons CO2e by 2050. BusinessGreen debuts Net Zero Investment Hub Its report published on Tuesday (20 April), The Role of Capital in the Net ero Revolution, estimated that this current trajectory would lead to a planet that is 3.5˚C warmer by the end of the century, demonstrating "the tremendous challenge in reaching net zero and the urgency...