Bloomberg and MSCI Launch Global, Euro and US Corporate Paris-Aligned Indices
Originally posted on bloomberg.com.
April 26, 2022 /3BL Media/ - Bloomberg and MSCI announced today the launch of the first indices in their joint Climate Benchmark offering with the Bloomberg MSCI Global, Euro and US Corporate Paris-Aligned Indices. These indices will serve as a benchmark for investors to assess the performance of corporate bond holdings that seek to meet or exceed the minimum standards of the EU Paris-Aligned Benchmark (PAB) label.
The indices combine Bloomberg’s extensive fixed income indices family with MSCI’s Climate data, research, and analytics for investment-grade, fixed-rate, and global, US or EUR-denominated corporate bonds. To ensure they meet the minimum PAB criteria, each index sets an initial 50% reduction of absolute greenhouse gas (GHG) relative to the standard Bloomberg parent (Euro, US, or Global) corporate index, followed by an annual 7.5% decarbonization relative to the baseline emissions. These emissions reductions are achieved by excluding the largest GHG emitting companies.
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