Business Wire

MSCI to Strengthen Climate Risk Capability with Acquisition of Carbon Delta

Share

MSCI Inc. (NYSE: MSCI), a leading provider of critical decision support tools and services for the global investment community, announced today that its subsidiary, MSCI Barra (Suisse) Sàrl, has entered into a definitive agreement to acquire Zurich-based environmental fintech and data analytics firm, Carbon Delta AG (“Carbon Delta”).

Founded in 2015, Carbon Delta is a global leader for climate change scenario analysis. Together, MSCI and Carbon Delta will create an extensive climate risk assessment and reporting offering for the institutional market, providing global investors with solutions to help them better understand the impact of climate change on their investment portfolios and comply with mandatory and voluntary climate risk disclosure initiatives and requirements. Voluntary reporting initiatives are being led by entities such as the Task Force on Climate-related Financial Disclosures (TCFD) and the United Nations-supported Principles for Responsible Investing (UNPRI), while mandatory disclosure requirements are quickly developing across the European Union and North America.

The Carbon Delta integration will expand MSCI’s robust suite of climate risk capabilities with state-of-the-art modeling technology that supports climate scenario analysis and forward-looking assessment of transition and physical risks, as well as extensive company-level analysis of publicly traded companies globally. This will be offered as MSCI Climate Value-at-Risk, an innovative and pioneering climate risk metric that calculates the impact of climate change on a company’s market value and helps investors understand and quantify these risks within their portfolio.

“We believe climate change will become one of the most important investment factors over the long term. Institutional investors should be able to analyze the exposure of their portfolios to climate risk while also being able to report on their climate strategy,” said Remy Briand, Head of ESG at MSCI. “We are pleased to come together with Carbon Delta to provide our clients with state-of-the-art climate risk analysis capabilities that can help shape investment management practices of the future.”

The Zurich office will act as MSCI’s Climate Risk Center, the focal point for the development of climate change risk analytics and tools. The aim will be to develop strong partnerships with leading academic and research institutions around the world to advance the use of climate science for financial risk analysis, building on the relationships already forged by Carbon Delta.

“Carbon Delta has aimed to create the best climate change scenario analytics for financial institutions,” said Dr. Oliver Marchand, CEO of Carbon Delta. “We are very excited to join forces with MSCI to mature and grow our products. Combining Carbon Delta’s scenario analysis and MSCI’s products is what institutional investors have been asking for.”

The transaction is expected to close within the next month, subject to customary closing conditions. The business is expected to add approximately $4 to $5 million of recurring expenses to the ESG operating segment within MSCI’s “All Other” reporting segment. The purchase will be funded through existing cash on hand.

-Ends-

About MSCI Inc.

MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 45 years of expertise in research, data and technology, we power better investment decisions by enabling clients to understand and analyze key drivers of risk and return and confidently build more effective portfolios. We create industry-leading research-enhanced solutions that clients use to gain insight into and improve transparency across the investment process. To learn more, please visit www.msci.com. MSCI#IR

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to future events or to future financial performance and involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these statements. In some cases, you can identify forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” or the negative of these terms or other comparable terminology. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond MSCI’s control and that could materially affect actual results, levels of activity, performance or achievements.

Other factors that could materially affect actual results, levels of activity, performance or achievements can be found in MSCI’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018 filed with the Securities and Exchange Commission (“SEC”) on February 22, 2019 and in quarterly reports on Form 10-Q and current reports on Form 8-K filed or furnished with the SEC. If any of these risks or uncertainties materialize, or if MSCI’s underlying assumptions prove to be incorrect, actual results may vary significantly from what MSCI projected. Any forward-looking statement in this press release reflects MSCI’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to MSCI’s operations, results of operations, growth strategy and liquidity. MSCI assumes no obligation to publicly update or revise these forward-looking statements for any reason, whether as a result of new information, future events, or otherwise, except as required by law.

Contact information

Investor Inquiries
investor.relations@msci.com
Linda Huber +1 646 465 7043

Media Inquiries
PR@msci.com
Sam Wang +1 212 804 5244
Melanie Blanco +1 212 981 1049
Laura Hudson +44 20 7336 9653

MSCI Global Client Service
EMEA Client Service + 44 20 7618.2222
Americas Client Service +1 888 588 4567 (toll free)
Asia Pacific Client Service + 852 2844 9333

About Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

Mary Kay Continues Its Commitment to Skin Science Research in Its First Ever Partnership With International Master Course on Aging Science29.1.2020 14:00:00 CETPress release

Mary Kay, one of the world’s most innovative skincare companies, announces its partnership with the International Master Course on Aging Science (IMCAS). From January 30 – February 1, IMCAS will hold its annual 22nd World Congress in Paris, France, where prominent international experts in dermatology, plastic surgery and aging science will showcase and learn some of the latest research innovations with the goal of improving practice standards. With over 12,000 attendees expected to attend this year, 345 scientific sessions and 800 internationally renowned specialists presenting, the IMCAS 22nd World Congress offers a unique experience, with an exhaustive list of courses and sessions throughout the conference, designed to enrich one’s professional knowledge and skillset. “We are excited to continue partnering with the scientific community worldwide and are committed to sharing our innovative research with professionals in skin science and aging,” said Dr. Lucy Gildea, Chief Scientific O

Calvin Klein, Inc. and Calvin Klein Fragrances Announce CK ONE Underwear and Jeans and CK EVERYONE Fragrance29.1.2020 13:00:00 CETPress release

Calvin Klein, Inc., a wholly owned subsidiary of PVH Corp. [NYSE: PVH], and Calvin Klein Fragrances, a division of Coty Inc. [NYSE: COTY], today revealed the new CK ONE underwear and jeans collection and CK EVERYONE, a clean fragrance, both inspired by the raw and rebel spirit of the original CK ONE. The collection and fragrance are unveiled in a global advertising campaign, proclaiming, “I am one, I am many. I love everyone of me.” This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200129005245/en/ (Photo: Business Wire) A tribute to individuality and the freedom of self-expression, the campaign shot by Glen Luchford stars a group of modern multi-hyphenates including musician and actor Eliot Sumner, skater and photographer Evan Mock, musician and makeup artist MLMA, rapper and dancer Priddy the Opp, and models Cara Taylor and Parker Van Noord. The energic, enigmatic visuals explore the many aspects of self, boldly embracing and

Moody’s Analytics Tops Five Categories in CeFPro™ Fintech Leaders Report29.1.2020 12:30:00 CETPress release

Moody’s Analytics, a global provider of financial intelligence, has earned the #1 ranking in five categories in the new Center for Financial Professionals (CeFPro) Fintech Leaders 2020 report: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200129005359/en/ Balance Sheet Management Credit Risk Model Risk Regulatory Reporting Stress Testing We are the only firm to rank #1 in five of the report’s thirty individual categories. The report also features a “Top 50 Overall Ecosystem Rankings,” in which we rank #5. “We’re honored to be recognized in CeFPro’s Fintech Leaders report,” said Andy Frepp, Executive Director at Moody’s Analytics. “We build modular and scalable technology solutions that harness our industry-leading data and analytics, all with the goal of helping customers make better, faster decisions. This strong showing validates our efforts and highlights our extensive capabilities.” “FinTech Leaders places Moody’s Analy

Janssen Announces European Commission Approval for Expanded Use of Erleada®▼ (apalutamide) for Treatment of Patients with Metastatic Hormone-Sensitive Prostate Cancer29.1.2020 10:21:00 CETPress release

The Janssen Pharmaceutical Companies of Johnson & Johnson today announced that the European Commission (EC) has granted marketing authorisation for the expanded use of Erleada®▼ (apalutamide) to include the treatment of adult men with metastatic hormone-sensitive prostate cancer (mHSPC) in combination with androgen deprivation therapy (ADT). “Prostate cancer is the most prevalent form of cancer in men throughout Europe, and the expanded approval of apalutamide marks a significant advancement for those living with mHSPC,” said Prof. Dr. med. Axel S. Merseburger, Chairman of the Department of Urology, Campus Lübeck, University Hospital Schleswig-Holstein, Kiel, Germany. “In prostate cancer treatment, our primary goal is always to delay progression of disease and prolong survival, to ensure the best possible outcomes for patients. Today’s news is therefore an encouraging development for patients within Europe, for whom the importance of an additional treatment option that can both delay p

Dole Receives Social Responsibility Award from Costa Rican-North American Chamber of Commerce29.1.2020 09:58:00 CETPress release

Dole Food Company announced that on November 22, The Standard Fruit Company of Costa Rica S.A., a subsidiary of Dole Food Company, received the “Social Responsibility in Action” award from The Costa Rican-North American Chamber of Commerce (AmCham) in connection to the company’s Green Star Initiative. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200129005318/en/ (LtoR): Roberto Cordero – Climate Change & Sustainability Services Partner (Ernst & Young). Jonatan Steinig – Technical Advisor for Business & Biodiversity in Central America & Dominican Republic Program GIZ. Melina Mardones - Technical Advisor for the Business & Biodiversity in Central America & Dominican Republic Program GIZ. José Alberto Samudio – Senior Environmental Technician. Edwin Retana - Senior Environmental Technician. Natalia Díaz – Public Affairs / Dole Tropical Products Latin America. Elías Solías – President of AmCham Costa Rica. José Pablo Masís – H

Temenos and Google Cloud Announce Global Strategic Partnership to Accelerate Banks’ Digital Transformation in the Cloud29.1.2020 09:05:00 CETPress release

Temenos (SIX: TEMN), the banking software company, and Google Cloud today announced a global, strategic partnership to help financial services organizations run mission-critical banking software and applications on Google Cloud, create profitable business models, and improve and differentiate their customer experiences. The two companies began collaborating in 2019 to integrate Temenos cloud-native, cloud-agnostic software into Google Cloud and have demonstrated success with joint banking customers in Europe and Asia. Under this expanded partnership, Temenos’ full suite of banking software and applications will now be available on Google Cloud, and the two companies will help banks go to market faster, open up new business models, and achieve tangible business benefits. More than 3,000 financial services institutions around the world leverage Temenos’ modern, cloud-native and API-first technology. As a part of this strategic partnership, banks can run Temenos’ applications in Google Cl