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Feb 27 2013

Webinar: Optimizing ESG Factors in Portfolio Construction - March 21, 2013

 

RiskMetrics (through ISS Governance Services) provides corporate governance data and we subscribe their Directors Data through WRDS:


RiskMetrics. Directors data request [electrionic resource].

http://library.hku.hk/record=b4187090

 

You may also wish to find that they provide the following free Webinar now:

 

Optimizing ESG Factors in Portfolio Construction

Date: THURSDAY, MARCH 21, 2013

Time: 8:00AM PDT / 11:00AM EDT / 3:00PM GMT / 4:00PM CET / 7:00PM GST

Note: Hong Kong Time – March 21, 2013 (Thursday) 11:00PM

 

For the last two decades, institutional investors have debated whether considering Environmental, Social and Governance (ESG) factors can lead to better financial returns.

 

We will examine how MSCI ESG Intangible Value Assessment (IVA) ratings by MSCI ESG Research can be combined with the Barra Global Equity Model (GEM3) to build optimized portfolios with improved ESG ratings. The risk model allows us to separate systematic sources of active return - that is, common factor contributions - from asset specific return sources associated with IVA scores. While our study was designed primarily as an enhanced indexing exercise, focused on achieving benchmark returns comparable to the MSCI World Index, we also found three possible strategies during the observed period that can raise ESG ratings and improve active returns with minimal effects on benchmark tracking error. The currently available dataset allowed us to compare these three strategies over the volatile market cycle from February 2007 through December 2012.

 

Which of these strategies attained the best performance results and how did they compare?

  • ESG worst-in-class exclusion
  • ESG best-in-class overweighting
  • ESG momentum toward ratings improvements

 

Please join us for an interactive webinar on ‘Optimizing ESG Factors in Portfolio Construction.’ Our experts from MSCI ESG Research, MSCI Risk Management Analytics (RMA) and MSCI Portfolio Management Analytics (PMA) will outline how under- and overweighting ESG ratings in portfolio construction can lead to better, risk-adjusted returns through application of MSCI’s risk management analysis tool, BarraOne, and portfolio management tool, Barra Portfolio Manager.

Read the latest MSCI Applied Research paper on ‘Optimizing ESG Factors in Portfolio Construction’.

 

 

REGISTER HERE!

Please use a valid e-mail address which you check regularly.

 

 

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Feb 06 2013

ESG Update - January 2013, Q1

RiskMetrics (through ISS Governance Services) provides corporate governance data and we subscribe their Directors Data through WRDS:


RiskMetrics. Directors data request [electrionic resource].

http://library.hku.hk/record=b4187090


You may also wish to find that they provide the following ESG update now:

 

2013 ESG Trends to Watch

If there is one thing that Hurricane Sandy in the US taught us, it is that preparation counts. What seemed unlikely even just a day before the storm upended business-as-usual and reinforced the primacy of risk management. As MSCI ESG Research looks forward to 2013, we see clouds on the horizon in the context of accelerating climate change and populist disenchantment in key emerging markets with the way business gets done. Yet, those who look beyond the constrained horizons of stagnating home markets and business-as-usual to retool their strategies for new growth drivers have the chance to seize a significant first mover advantage. Read more

Listen to the webcast

 

Research in Focus

Firearms Divestment in the US

Now six weeks since the Sandy Hook tragedy, the US investor community continues to bear witness to the rapidly developing firearms divestment campaign. On January 9, the California State Teachers’ Retirement System (CalSTRS) Investment Committee announced that it would begin divesting from firearms companies that manufacture weapons that are illegal in California. Similar investment bans have been adopted in New York City and Chicago. Philadelphia Mayor Michael Nutter has issued a call through the US Conference of Mayors for adoption of the ‘Sandy Hook Principles’, modeled after the Sullivan principles to end apartheid in South Africa. Read more


Stay tuned: On February 28, 2013, MSCI ESG Research will host a webinar to discuss these and other questions arising from calls to divest from firearms companies.


Green Property Growth: Asia-Pacific and European REITs Setting the Trend

The latest ‘MSCI ESG IVA Industry Report: Real Estate’ benchmarks 70 of the largest Real Estate Investment Trusts (REITs) globally, covering almost 200 million sqm in space (2.1 billion sqft). Our research finds that the green building market shows more growth potential in Asia-Pacific and Europe than in North America. In addition, energy efficiency practices in North American Residential and Retail REITs are particularly underdeveloped. Top performers by region include GPT (Asia-Pacific), Hammerson (EU), and Liberty (Northern America) Read the MSCI IVA Report for REITs

 

ESG Integration

Optimizing ESG Factors in Portfolio Construction

Institutional investors wanting to integrate Environmental, Social and Governance (ESG) factors in their investment strategies need the right tools to measure portfolio risk characteristics and performance. MSCI’s BarraOne and Barra Portfolio Manager can provide this utility with Intangible Value Assessment (IVA) ratings from MSCI ESG Research. In this recent study, we examine the use of IVA ratings with the Barra Global Equity Model (GEM3) to build optimized portfolios with improved ESG ratings, while keeping risk, performance, country, industry, and style characteristics similar to conventional benchmarks, such as the MSCI World Index. Read more


Stay tuned: On March 21 2013, MSCI ESG Research will host an interactive webinar on optimizing ESG factors in portfolio construction.

 

Featured Events

MSCI / GTQ Seminar: Quantifying ESG - A Practical Methodology for Valuing Non-financial Performance

GTQ is organizing a series of seminars on ‘Quantifying ESG’ in London (March 19), Amsterdam (March 21) and Zurich (March 22). The seminars will outline a methodology for valuing a firm’s primary intangible assets and its ESG performance, allowing enhanced portfolio analysis for investors and better management and communication of ESG / sustainability performance for corporations. MSCI ESG Research is hosting the seminar in London. Read more and register


Global ESG Leadership Forum 2013: ESG Integration across Asset Classes

Historically, responsible investment has looked first and foremost to the social and environmental risks and opportunities of investing in the equities of corporations, and a network of sophisticated, socially responsible stock indices, money managers, research firms, and investment products have emerged to help investors integrate ESG information into their public equity investments. Despite many recent and important projects, much work remains to be done to create an overview of how to approach sustainable investment across asset classes and how to develop definitions and guidelines for responsible investment across portfolios. On April 11, 2013, MSCI ESG Research is hosting 3 ESG Leaders webinars (for APAC, EMEA and Northern America) where experts from industry and academy seek to evaluate growth in responsible investment across asset classes. Read more and register

 

 

 

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Jan 10 2013

Webinar: 2013 ESG Trends to Watch

RiskMetrics (through ISS Governance Services) provides corporate governance data and we subscribe their Directors Data through WRDS:

 

RiskMetrics. Directors data request [electrionic resource].

http://library.hku.hk/record=b4187090

 

You may also wish to find that they provide the following free Webinar now:

 

2013 ESG Trends to Watch

Date: WEDNESDAY, JANUARY 23, 2013

Time: 10:00AM EST / 3:00PM GMT / 4:00PM CEST / 7:00PM GST

Note: Hong Kong Time - January 23, 2013 (Wednesday) 11 pm

     

If there is one thing that Hurricane Sandy in the US taught us, it is that preparation counts.
What seemed unlikely even just a day before the storm upended business-as-usual and reinforced the primacy of risk management. Identifying vulnerabilities, however, requires challenging core assumptions about what past data and experience can tell us in the face of the unexpected. As MSCI ESG Research looks forward to 2013, we see clouds on the horizon in the context of accelerating climate change and populist disenchantment in key emerging markets with the way business gets done. Yet, those companies who look beyond the constrained horizons of stagnating home markets to refocus their strategies on new growth drivers have the chance to seize a significant first mover advantage. As growing risk awareness propels investors to seek long-term bets that will sustain them through the next storms and upheavals, these far-sighted companies will gain momentum over the complacent.

 

In this context, we are focusing on five ESG trends for 2013, which are likely to affect government and corporate policy, profits, and (financial) market sentiments:

 

1. Waiting for the Storm: how to assess fixed assets in climate-vulnerable areas?

2. Bottom of the Pyramid and Top of the Pack: how will sluggish economic growth and regulatory and fiscal constraints push companies in healthcare, consumer, and other sectors?

3. What Health & Safety Metrics (Don’t) Tell Us: why is relying on health and safety metrics alone not enough to identify the next BP?

4. Protesting Corruption: how has public outrage over corruption press governments in China, India, and Russia to pursue an anti-corruption agenda that could impact key sectors?

5. Meaningful Data and the Movement of Markets: why are companies - that have improved their reporting on ESG issues - still ignoring issues that pose significant risks to their core businesses?

 

Please join us for an interactive webinar discussion where Linda-Eling Lee, Global Head of ESG Ratings Research, MSCI ESG Research and her team of senior ESG research experts will provide further insights and directly answer your questions on key ESG opportunities and issues.

Read Linda-Eling Lee’s article on ‘2013 ESG Trends to Watch’.

            


REGISTER HERE!
Please use a valid e-mail address which you check regularly.

 

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Oct 16 2012

MSCI Webinar: ESG Integration Across Asset Classes - Fixed Income - October 31, 2012

RiskMetrics (through ISS Governance Services) provides corporate governance data and we subscribe their Directors Data through WRDS:

 RiskMetrics. Directors data request [electrionic resource].

http://library.hku.hk/record=b4187090

 

You may also wish to find that they provide the following free Webinar now :

  

 

 

ESG Integration Across Asset Classes - Fixed Income

Date: WEDNESDAY, OCTOBER 31, 2012

Time: 8:00AM EDT / 12:00PM GMT / 1:00PM CEST /

4:00PM GST / 9:00PM JST / 11:00PM AEDT /

Note: Hong Kong Time - Wednesday, 31 October 2012, 8:00 PM


Fixed income is of major importance for most investors, especially long term investors like asset owners for which fixed income represents a large share of their portfolios. ESG integration in equity has led the way but it is now crucial for investors to be able to incorporate environment, social and governance signals into other asset classes and foremost in fixed income investments.

 

Assessing the relevance of ESG contribution to default risk of an issuer is still a challenge. Despite a few ventures to cover parts of a fixed income portfolio from an ESG perspective, mainly by sovereign and supranationals, reaching a comprehensive coverage of that diversified universe has also been a challenge up to now, making it difficult for investors to expand into that asset class.

During the session, we will discuss the challenges and findings of fixed income research and more specifically:

 
The main divergence MSCI ESG Research has observed in terms of credit ratings versus ESG ratings focusing on specific examples across our universe of coverage. The challenges of fixed income integration viewed from a PRI perspective. The insight of a sustainable sovereign bond mandate design with a testimony from Australian Local Government Super.

 

The webinar will be hosted by Perrine Dutronc, Head of Business Development, Europe, MSCI ESG Research. Speakers include Florian Sommer, Senior Strategist, Union Investment & Chair PRI Sovereign Working Group, Laura Nishikawa, Head of Fixed Income ESG Research, MSCI ESG Research and Bill Hartnett, Head of Sustainability, Local Government Super Australia.

  

To read the latest LGS case study on how to effectively integrate ESG into fixed income investment processes, click here:
Global Sustainable Government Bonds Strategy for LGS in Australia

   

Agenda Topics:

  • Use cases for the ESG research in fixed income
  • Analyse the main divergence with credit ratings
  • Challenges of ESG integration in the fixed income asset class
  • Design a sustainable bond mandate

 

REGISTER HERE!

 

  

 

 

 

 

No responses yet| 472 views

Oct 15 2012

MSCI Webinar: Agriculture Investment - Identifying ‘Smart Beta’, Managing Structural Change and Establishing Sustainable Investment Strategies - October 18, 2012

RiskMetrics (through ISS Governance Services) provides corporate governance data and we subscribe their Directors Data through WRDS:

 

RiskMetrics. Directors data request [electrionic resource].
http://library.hku.hk/record=b4187090

 
You may also wish to find that they provide the following free Webinar now :

 

Agriculture Investment - Identifying ‘Smart Beta’, Managing Structural Change and Establishing Sustainable Investment Strategies

Date: THURSDAY, OCTOBER 18, 2012

Time: 10:00AM EDT / 3:00PM BST / 4:00PM CEST /6:00PM GST

Note: Hong Kong Time - Thursday, 18 October 2012, 22:00

 

Long-term issues such as the scarcity of finite resources, climate change, and changes in demographics and lifestyles influence future price levels and investment returns and create new investment opportunities and risks in mainstream investment strategies and investment mandates. In particular, a wide range of ESG issues involved in the production and trade and ownership of commodities ultimately translates into investment and reputational risks for investors. The discussion brings to the fore a natural interest in investment in the agricultural sector.

 
What part can investing in agriculture play in long-term sustainable strategies and securing intergenerational equity? And what are the key challenges and opportunities related to ESG aspects of farmland investments?

 
MSCI ESG Research and Craigmore Farming cordially invite you to an investment webinar where Roger Urwin*, Advisory Director, MSCI ESG Research and Forbes Elworthy, Founder and CIO, Craigmore Farming, will assess the ESG risk/return profile of agriculture investing, as an asset class, an ESG mandate, and as a ‘smart beta’ investment opportunity.

 
* Roger Urwin presents for MSCI ESG Research at this event. He is also the Global Head of Investment Content at Towers Watson and a Board Member of the CFA Institute.

 

Agenda Topics:

  • Identifying ‘Smart Beta’ solutions
  • Managing structural change in agriculture investing
  • Assessing ESG risk/return for agriculture investing
  • Establishing sustainable investment strategies

 

REGISTER HERE!

No responses yet| 402 views

Dec 29 2011

RiskMetrics ESG Update – December 2011

RiskMetrics (through ISS Governance Services) provides corporate governance data and we subscribe their Directors Data through WRDS:

 

RiskMetrics. Directors data request [electrionic resource].

http://library.hku.hk/record=b4187090

 

It includes variables related to individual board directors, such as name, age, tenure, gender, committee memberships, independence classification, primary employer and title, number of other public company boards serving on, shares owned, etc. The data began in 1996 and is updated annually.

 

You may also wish to find the following at their ESG (Environmental, Social and Governance) Insight available online at blog.riskmetrics.com/esg:

 

2012 ESG Trends to Watch

 As governments in major economies begin the process of unwinding the debt cycle of the last twenty years, budget cuts to social safety nets and regulatory agencies mean that consumers will bear a heavier burden of any negative social and environmental impacts arising from corporate mismanagement. Countries and companies alike face new risks surrounding their social license to operate as communities worry about their health, security, and, increasingly, basic social equity. Concerns about the social costs of operations have a compound effect on companies – even as governments make cuts in regulatory agencies and social benefits, the political will to enforce existing regulations will strengthen in reaction to public outcry.

In this context, MSCI’s ESG Research team is focusing on ten emerging trends for 2012, which are likely to affect government and corporate policy, profits, and market sentiments:

- Accounting for Social Value
- Civil Liberties Post Arab Spring
- Accounting for Natural Capital
- Shifting Debate on Climate Change
- Bridging the Gap in Food Safety Infrastructure
- Closing Corporate Tax Havens and Loopholes
- Regulating Shale Gas
- Labor Strife in China
- Conflicting Water Demands
- Broadening Threats to Privacy & Data Security

>> Continue reading

No responses yet| 441 views

Nov 21 2011

RiskMetrics ESG Update – October 2011

 

RiskMetrics (through ISS Governance Services) provides corporate governance data and we subscribe their Directors Data through WRDS:

 

RiskMetrics. Directors data request [electrionic resource].

http://library.hku.hk/record=b4187090

 

It includes variables related to individual board directors, such as name, age, tenure, gender, committee memberships, independence classification, primary employer and title, number of other public company boards serving on, shares owned, etc. The data began in 1996 and is updated annually.

 

You may also wish to find the following at their ESG (Environmental, Social and Governance) Insight available online at blog.riskmetrics.com/esg:

                          

Featured Resources

 

Nominations - MSCI ESG Research’s AUS Carbon Tax Report has been nominated for the 2011 Australian Sustainability Awards

Whitepaper - Integrating ESG into the Investment Process

FTfm video - Pension Funds drive ESG adoption

Webcast - Integrating ESG into the Investment Process - Opportunities for South Africa, Oct 27, 2011
  

Hot Topic


Global Cluster Munitions Legislation and Implications for Investors

      
Cluster munitions are a collection of ten to several hundred individual sub-munitions, weighing less than 20 kilograms each, designed to scatter and explode over an area as large as several football fields. Human rights organizations, non-governmental organizations (NGOs), media, and local governments have campaigned against cluster munitions due to the widespread and indiscriminate damage inflicted upon both soldiers and civilians. Cluster munitions, along with other indiscriminate weapons such as landmines, are covered by international humanitarian law. This Blog reviews the international and country-specific cluster munitions mandates, including recent developments in the Netherlands, and provides a focused view on the legislation prohibiting investments…
Read more

 

                         

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Jun 28 2011

Panel Discussion: Integrating ESG into the Investment Process

MSCI ESG Webinar: Panel Discussion: Integrating ESG into the Investment Process

 

Date: July 21, 2011
Time: 09:00 PDT (California) /12:00 EDT (New York) /17:00 BST (London) /18:00 CEST (Europe)
 Note: Hong Kong Time - Friday, 22 July 2011 00:00

 

 

 

 Register!

After entering your details, you will be registered, and will receive more information via e-mail. Please use a valid e-mail address which you check regularly.

 

The world of investment is changing: asset owners and managers are becoming increasingly aware of the potential risk and value impact of environmental, social, and governance (ESG) factors, and their potential effect on an investment profile. 

There are now over 850 signatories, representing a total of USD 25 trillion in AUM, to the UN Principles of Responsible Investment. These Principles aim to expand the adoption of ‘responsible’ investment by establishing guidelines for integrating ESG issues into strategy and investment decisions. Today, over 66% of asset owners mandate ESG consideration in asset management and are increasingly interested in viewing ESG when analyzing their investments – while putting pressure on their sub-advisors and managers to follow suit.

But what’s really involved in incorporating ESG factors into investment decisions? Can they make a material difference to investment performance? And just how do investors go about holding their investment managers to account for integrating ESG strategies into the investment decision process?

MSCI cordially invites you to a webinar where our ESG Research experts will address these questions and discuss how ESG factors can potentially add value or mitigate risk across an institutional investment portfolio.

The panel discussion will be moderated by Hugh Wheelan, Managing Editor, Responsible Investor, and panelists include:

  • Remy Briand, Managing Director & Global Head of Index and ESG Research, MSCI
  • Roger Urwin, Global Head of Investment Content, Towers Watson
  • Rob Lake, Director of Strategic Development, PRI

 

 

Agenda Topics Include:
  • Incorporating ESG Factors into investment decision
  • Impact of ESG criteria on investment performance
  • Holding investment managers to account for integrating ESG strategies

 

Who Should Attend?
  • Heads of Equities
  • Chief Investment Officers
  • Researchers
  • Hedge Fund Managers
  • Risk Managers
  • Portfolio Managers
  • Heads of Fixed Income
  • Marketing Officers
  • Pension Plans & Consultants

No responses yet| 501 views

Jun 16 2011

You are invited! Insights into MSCI ESG Indices - Webinar

MSCI ESG Webinar: Insights into MSCI ESG Indices - Implementing ESG Strategies for Institutional and Wealth Management Clients

 

MSCI cordially invites you to a webinar where Thomas Kuh, Executive Director, MSCI ESG Indices, will provide detailed insights into MSCI’s existing offering of ‘Values based’, ‘Best-of-Class’ and ‘Environmental’ ESG indices and into the launch of new MSCI ESG Indices.With 40 years of expertise in index construction and maintenance, MSCI aims to set new standards for ESG Indices by allowing clients to more effectively benchmark ESG investment performance, issue index-based ESG investment products, as well as manage, measure and report on their compliance with ESG mandates. Register Today!

 

 

Date: June 28, 2011

Time: 7:00AM PDT / 10:00AM EDT
          3:00PM BST/ 4:00PM CEST

Note: Hong Kong Time - June 28, 2011 (Tuesday) 10 pm

  

 

 
Agenda Topics Include:
  • MSCI ESG Best-of-Class Indices
  • MSCI ESG Values-based Indices
  • MSCI ESG Environmental Indices
  • Latest Product Developments
 
Who Should Attend?
  • Heads of Equities
  • Chief Investment Officers
  • Researchers
  • Hedge Fund Managers
  • Portfolio Managers
  • Heads of Fixed Income
  • Marketing Officers
  • Pension Plans & Consultants

 

   

No responses yet| 487 views

Jun 16 2011

RiskMetrics ESG Update – May 2011

RiskMetrics (through ISS Governance Services) provides corporate governance data and we subscribe their Directors Data through WRDS:

 

RiskMetrics. Directors data request [electrionic resource].

http://library.hku.hk/record=b4187090

 

It includes variables related to individual board directors, such as name, age, tenure, gender, committee memberships, independence classification, primary employer and title, number of other public company boards serving on, shares owned, etc. The data began in 1996 and is updated annually.

 

You may also wish to find the following hot topics at their ESG (Environmental, Social and Governance) Insight available online at blog.riskmetrics.com/esg:

 

  

  • Industry and Company Updates in May

The latest MSCI ESG Research Ratings, Industry Reports and Company Profiles are now available on iRatings.The ongoing nuclear power crisis in Japan will have lasting implications for power generation around the globe. A much-anticipated “nuclear renaissance” could be curtailed as the world absorbs lessons from the worst nuclear accident since the Chernobyl disaster 25 years ago. MSCI ESG Research has long studied and analyzed the nuclear power industry, both for its environmental and social impact and to assess the sector’s investment risk profile. Jerome Le Page, Senior Analysts at MSCI ESG Research, evaluates the current nuclear crisis in Japan, the sector’s investment risk profile and the global impact for the energy market.

 Click through for the latest changes

 

  • Implications of the Nuclear Disaster in Japan

The ongoing nuclear power crisis in Japan will have lasting implications for power generation around the globe. A much-anticipated “nuclear renaissance” could be curtailed as the world absorbs lessons from the worst nuclear accident since the Chernobyl disaster 25 years ago. MSCI ESG Research has long studied and analyzed the nuclear power industry, both for its environmental and social impact and to assess the sector’s investment risk profile. Jerome Le Page, Senior Analysts at MSCI ESG Research, evaluates the current nuclear crisis in Japan, the sector’s investment risk profile and the global impact for the energy market.

 Read more

 

  • Integrating Operational Stability into Investment Analysis of Mining Stocks 

Record commodity prices have resulted in record earnings for commodity companies. This has pushed mining companies to take unprecedented operational risks in order to satisfy surging demand. Often, these risks remain fundamentally mispriced while operational stability remains fundamentally undervalued.

In this webinar we evaluate mining companies who are taking on the most risk but have the operational stability to continue growing.

 Listen to the replay (Recorded Webinar)

 
 
 

 

 

 

No responses yet| 437 views

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