Remy Briand - MSCI

Head of #ESG at @MSCI_Inc. Passionate about #globalinvesting #emergingmarkets, #sustainableinvestment and #financialinnovation. Views are mine.

[Remy Briand - MSCI @MSCI_Briand]

Getting comparable racial #diversity data across listed companies is a challenge. Data is rarely disclosed & also relies on each individual self-disclosing. Investors can focus engagement w/ companies on understanding policies & programs to address racism and lack of diversity.

[Remy Briand - MSCI @MSCI_Briand]

Complete reporting across all #Scope3 categories is the exception. >60% of companies disclosing upstream S3 emissions only disclose against 1 category. S3 models can help gauge the footprint of companies, but this does not replace more consistent disclosure.

[Remy Briand - MSCI @MSCI_Briand]

Buildings are acknowledged as a significant source of GHG globally, but also exposed to increasing physical risks. To support #TCFD efforts, we developed forward-looking metrics, Climate VaR and warming potential, to quantify climate risks for real estate
https://t.co/oE7YUGseI6

[Remy Briand - MSCI @MSCI_Briand]

The @nytimes reports that GHG emissions are rebounding sharply after a drastic decline this spring. MSCI Climate Risk Center modeled this rebound in April. #ClimateChange risk has not disappeared—time to focus on the green recovery
https://t.co/hEM7qJf8Af
https://t.co/q3DF9WTvmJ

[Remy Briand - MSCI @MSCI_Briand]

Less than 1 in 5 of the 10.000 companies that MSCI covers currently report #Scope3 emissions. Yet, in many cases, most of the risk lies with S3 emissions. Hence, the need for comprehensive S3 estimation models and more pressure for corporate disclosure. #ESG

[Remy Briand - MSCI @MSCI_Briand]

Have E, S and G diluted each other? We compared MSCI live ESG ratings with a hypothetical rating based on just equal weighting of the E, S and G pillar scores over 13 years. Selecting the relevant #ESG issues by sector did add value.
https://t.co/58dDGOMQMk

[Remy Briand - MSCI @MSCI_Briand]

"What do net-zero targets mean for decarbonizing industry sectors, over what timeframes, and what are the investment implications?" Looking forward to a spirited discussion at #RIDigiFest on Wednesday, June 17th, with @RI_News_Alert @PRI_News https://t.co/9jCWDQ1RwO #ESG

[Remy Briand - MSCI @MSCI_Briand]

#ESG tipping point? For me, it begins when people stop asking WHY they should integrate ESG and start asking HOW to do it. I think we're getting to that point. Going forward, there will be even clearer expectations from ESG in terms of outcomes and impact.
https://t.co/CwgNHg2OGM

[Remy Briand - MSCI @MSCI_Briand]

Quick update on ESG premium. Some reversal last month. Still up YTD

#ESG #Greenfinance #Climatefinance #esginvesting #impactinvesting #sustainableinvesting #responsibleinvesting #sustainability #climatechange

[Remy Briand - MSCI @MSCI_Briand]

This chart illustrates the need to look at Scope 3 emissions to understand fully climate transition risk and put carbon emissions reduction targets in context.

More from https://t.co/Tp3UaRa7O4

#ESG #Greenfinance #Climatefinance

[Remy Briand - MSCI @MSCI_Briand]

Thanks so much @Johnnytreadgold for this very engaging discussion on #ESG in the next decade https://t.co/WChSGhZTTc

[Remy Briand - MSCI @MSCI_Briand]

Quick update on Green and Brown performance.
Green continues to hold up well, even if segments like Green Buildings are suffering.
Coal, for once, is the best segment in Brown in relative terms.
#ESG #Greenfinance #Climatefinance

[Remy Briand - MSCI @MSCI_Briand]

Vaccines over Viagra? Shouldn’t there be a review of health spending and R&D priorities? Rethinking the world after, please send ideas at https://t.co/Km4xVLAqQK

#esg #sustainableinvesting

[Remy Briand - MSCI @MSCI_Briand]

The World After: Companies will radically review global supply chains solving for more resilience
Trade already slowing in 2019 due to trade wars. WTO forecasts World Trade to drop 13 to 32% in 2020. Will it rebound fully?

More on The World After at https://t.co/Km4xVLAqQK
#ESG

[Remy Briand - MSCI @MSCI_Briand]

Green Bonds remain one of the few investments where you can see directly the positive impact of your contribution. $143 bn for Alt energy, $63 bn for Green Buildings. This is real money for real green projects.
#ESG #greenfinance

https://t.co/V3mK5EPhpW

[Remy Briand - MSCI @MSCI_Briand]

The world after. Five #ESG trends emerging:

- Acceleration of digitalization of societies
- Hard look at global supply chains
- The value of life & health
- Urbanization, density and the link to Nature
- The green stimulus

https://t.co/3qZtzDzdUd

[Remy Briand - MSCI @MSCI_Briand]

Interesting to contrast the latest energy flow charts with their carbon equivalents to understand the multiplying effect on carbon emissions of burning fossil fuels
#ESG #climatefinance
Energy: https://t.co/gnYhQR37IQ
Carbon (not as recent): https://t.co/6zM6Ya4H9K

[Remy Briand - MSCI @MSCI_Briand]

Any regional differences for the ESG Premium?
Not really, Europe and China lead in amplitude but the premium is here in all regions.

#ESG #Greenfinance #Climatefinance

[Remy Briand - MSCI @MSCI_Briand]

The second death of US Coal mining.
Asset stranding is not theory.
When will Asia coal follow?

#ESG #Greenfinance #Climatefinance

[Remy Briand - MSCI @MSCI_Briand]

One of the coolest features of our risk models: really understanding where the performance is coming from. For ESG Leaders year to date, it is mostly driven by factors, of which the ESG factor is contributing the most.

#ESG #Greenfinance #Climatefinance