To reach net-zero, MSCI will focus, at a global level, on reducing emissions and engaging suppliers. The latter includes actions such as increasing green-certified building use for MSCI offices, using low-carbon options for business travel, and in general promoting carbon-reducing initiatives centring controllable and material emissions.
Regarding supplier engagement, MSCI will look to reduce emissions in its supply chain, engaging with key suppliers. MSCI announced the move on 19 April, 2021. MSCI had previously committed to reducing its Scope 1 and 2 emissions by 50% and Scope 3 emissions by 20% prior to 2035. With the new push to net -zero, MSCI will revise these interim targets using standardised mechanisms such as the Taskforce on Climate-Related Financial Disclosures (TCFD).
Henry Fernandez, chairman and CEO of MSCI, remarked: “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.”