US - MSCI has signed up to the UN Principles for Responsible Investment (UN PRI) in support of improved company governance.
MSCI said it supported UN PRI's implementation of environmental, social and governance (ESG) practices into institutional investment and claimed the move would allow its clients to be a part of the wider sustainable framework, which consists of 800 UN PRI signatories from 45 countries, representing over $22trn in assets under management.
Companies which demonstrate strong corporate governance and sustainable environmental and social practices are becoming increasingly appealing to investors, said Henry Fernandez, chairman and CEO of MSCI.
"By becoming a UN PRI signatory, we are demonstrating our commitment to provide critical investment decision support tools to the growing number of investors throughout the world who are focusing on long-term sustainable investing," he added.
"Our clients can choose from a wide range of MSCI and ISS tools to help support their UN PRI goals and mandates."
MSCI's involvement comes as UN PRI claimed large companies caused $2.15trn worth of environmental damage in 2008, some 20% larger than the $5.4trn decline in the value of pension funds in developed countries caused by the global financial crisis in 2007/8.
The largest culprits were utilities oil and gas producers and industrial metals and mining, the organisation said.
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