MSCI ESG Research’s ESG Fund Metrics is now available on FactSet, a provider of integrated financial information and analytical applications, offering users transparency on the ESG quality and characteristics of over 23,000 mutual funds and ETFs.
Launched in March 2016, the MSCI ESG Fund Metrics tool measures the environmental, social and governance (ESG) characteristics of covered portfolio holdings and ranks or screens funds based on a diverse set of factors including sustainable impact, values alignment and ESG risk, including carbon footprint.
Greg King, head of wealth management at FactSet, says: “There is growing demand from institutional investors and wealth managers to get more transparency into the ESG characteristics of their portfolios that enable them to respond to their client’s interest in sustainability. We are pleased to offer MSCI’s new suite of fund metrics, scores and rankings to our users.”
Eric Moen, managing director of MSCI ESG Research, says: “Since we launched this new tool we have received a tremendous amount of market interest and feedback. The availability of Fund Metrics on FactSet, which is an extension of our current ESG Ratings data also available on FactSet, is a key initiative designed to help many of our clients integrate the ESG evaluation of funds into their existing workflows.”
Funds will receive an overall score, the Fund ESG Quality Score, a peer group percentile rank and individual E- S- and G- Scores.
The ESG Quality Score assesses the ability of covered underlying securities to manage medium- to long-term risks and opportunities.
FactSet users will receive free access to top level Fund Metrics as part of their existing subscription. Top level metrics include the Fund ESG Quality Score, Peer Rank, Global Rank, Carbon Intensity, Sustainable Impact Exposure and SRI Exclusion Exposure.
Subscribers to the full product will also have access to over 100 Fund Metrics to evaluate the ESG attributes of their portfolio including carbon footprint, fossil fuel reserves, board diversity, CEO pay concerns and tobacco involvement.