MSCI Inc. (NYSE: MSCI), a leading provider of critical decision
support tools and services for the global investment community,
today launched a new solution to help real estate investors assess
and manage their exposure to climate change.
MSCI Real Estate Climate Value-at-Risk, which follows the launch
of MSCI Climate Value-At-Risk (Climate VaR) in February this year,
builds on MSCI’s commitment to enable investors to effectively
manage and plan for risk. It provides a forward-looking and
return-based valuation assessment to measure climate-related risks
for real estate assets in an investment portfolio.
By calculating the financial risks from both changing
legislation due to climate action (Transition Risk) and the extreme
weather impacts caused by climate change (Physical Risk), per real
estate asset and per scenario, MSCI Real Estate Climate
Value-at-Risk provides a framework for investors - including
investment managers, asset owners, banks and insurers - to improve
portfolio performance, risk management, regulatory reporting and
progress towards broader sustainability goals. The framework is
closely aligned to the G20’s Financial Stability Board’s Taskforce
on Climate-Related Disclosures (TCFD).
Remy Briand, Head of ESG at MSCI, said: “MSCI has been a
leader in helping investors incorporate climate change
considerations in their investment process for over 20 years. Over
this time, we have witnessed increased urgency from investors to
quantify their climate risk exposures when constructing and
analyzing portfolios.”
He added, “With this new offering, MSCI offers climate solutions
across every area of our business, from ESG Research to Analytics,
Index, and now Real Estate. Investors can today gain a fully
representative picture of climate risks and opportunities across
assets through a methodologically consistent model, with the aim of
improving their own investments and empowering them to invest in a
way that meaningfully tackles climate change.”
Jay McNamara, Head of Real Estate at MSCI, said: “Private
real estate, as a long-term asset class, is particularly vulnerable
to climate-related events. Our research has shown that the
potential impact for real estate investors from climate events is
far reaching and spans assets and geographies. Investors could face
increased operational costs including property repairs, higher
insurance costs, property devaluation and even the complete loss of
property.
“As more global investors are increasing allocations to real
estate and other private assets, there is a growing need to
identify and understand financial risks from climate change and
take necessary action for risk management, portfolio performance
optimization and regulatory reporting purposes. With this solution,
MSCI provides these investors with the ability to not only quantify
their risk exposures, but to scenario plan and take action in
mitigating these risks.”
The MSCI Climate VaR was developed from MSCI’s Climate Risk
Center in Zurich. The aim of the center is to serve as a focal
point for the development of climate change risk analytics and
tools, and to forge strong partnerships with leading academic and
research institutions around the world to advance the use of
climate science for financial risk analysis.
MSCI announced it had acquired Carbon Delta in October 2019. For
more information, please visit msci.com.
-Ends-
About MSCI ESG Research Products and
Services
MSCI ESG Research products and services are provided by MSCI ESG
Research LLC, and are designed to provide in-depth research,
ratings and analysis of environmental, social and
governance-related business practices to companies worldwide. ESG
ratings, data and analysis from MSCI ESG Research LLC are also used
in the construction of the MSCI ESG Indexes. MSCI ESG Research LLC
is a Registered Investment Adviser under the Investment Advisers
Act of 1940 and a subsidiary of MSCI Inc.
About MSCI
MSCI is a leading provider of critical decision support tools
and services for the global investment community. With over 45
years of expertise in research, data and technology, we power
better investment decisions by enabling clients to understand and
analyze key drivers of risk and return and confidently build more
effective portfolios. We create industry-leading research-enhanced
solutions that clients use to gain insight into and improve
transparency across the investment process. To learn more, please
visit www.msci.com.
The information contained herein (the “Information”) may not be
reproduced or redisseminated in whole or in part without prior
written permission from MSCI ESG Research. The Information may not
be used to verify or correct other data, to create any derivative
works, to create indexes, risk models, or analytics, or in
connection with issuing, offering, sponsoring, managing or
marketing any securities, portfolios, financial products or other
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