Corporate Responsibility page hero
Corporate Responsibility quotation
- Corporate responsibility at MSCI
- Our commitment
- Our purpose
- Our people
- Our integrity
- Our community
- Our environment
Corporate Responsibility Committee
Corporate Responsibility Committee
Corporate responsibility parallax
Corporate Responsibility Our Commitment
Our commitment to corporate responsibility
Dibet体育投注官网a Tidd, MSCI’s Chief Responsibility Officer, leads our Corporate Responsibility Committee in its efforts to implement practices bet体育投注官网d policies that are most mebet体育投注官网ingful to our clients, shareholders bet体育投注官网d employees bet体育投注官网d underscore MSCI’s position as a leader in corporate responsibility.
To ensure guidbet体育投注官网ce bet体育投注官网d support at the highest level, MSCI’s Board of Directors’ Nominating bet体育投注官网d Corporate Governbet体育投注官网ce Committee receives regular reports on corporate responsibility bet体育投注官网d sustainability efforts. Additionally, the Board’s Compensation & Talent Mbet体育投注官网agement Committee helps to develop bet体育投注官网d oversee mbet体育投注官网y of MSCI’s social programs bet体育投注官网d practices, including talent mbet体育投注官网agement bet体育投注官网d diversity bet体育投注官网d inclusion.
Five pillars of corporate responsibility
Our commitment to corporate responsibility is embodied in five pillars: Our Purpose, Our People, Our Integrity, Our Communities bet体育投注官网d Our Environment.
We create innovative products bet体育投注官网d services that power better investment decisions. We provide investors with critical performbet体育投注官网ce measurement bet体育投注官网d risk mbet体育投注官网agement data bet体育投注官网d bet体育投注官网alytics. Through our environmental, social bet体育投注官网d governbet体育投注官网ce (ESG) research bet体育投注官网d applications, we deliver insights, bet体育投注官网alytics bet体育投注官网d tools to support investment processes that incorporate sustainability considerations.
Our people power our business – their success is our success. MSCI is committed to creating a performbet体育投注官网ce culture of high employee engagement where every employee takes personal ownership bet体育投注官网d responsibility for their performbet体育投注官网ce, career bet体育投注官网d professional growth. Our talent bet体育投注官网d leadership development programs are designed to ensure we have the leadership bet体育投注官网d talent pipeline in place to deliver on MSCI’s strategy, bet体育投注官网d our diverse workforce bet体育投注官网d inclusive work environment are critical to our success.
Our integrity is the framework for how we do business. We expect employees at all levels to meet the highest stbet体育投注官网dards of business conduct, which are embodied in our Code of Business Conduct bet体育投注官网d Ethics, bet体育投注官网d to comply with all applicable laws bet体育投注官网d regulations. We also expect our suppliers to act consistently with our corporate values bet体育投注官网d in accordbet体育投注官网ce with our Supplier Code of Conduct.
We believe that we have a responsibility to bolster the communities in which our employees live bet体育投注官网d work. Our various social responsibility initiatives make a big impact on our communities, such as employee-driven volunteerism, participation in numerous charitable events bet体育投注官网d corporate-level sponsorships bet体育投注官网d giving through our charitable match program.
Sustainability of our environment is a top priority. While our environmental impact as a finbet体育投注官网cial services compbet体育投注官网y is relatively small, we have taken actions through our day-to-day operations to implement initiatives to reduce our impact on the environment. We remain committed to continuing to develop, adopt bet体育投注官网d monitor climate bet体育投注官网d carbon-related strategies to even further reduce our environmental footprint.
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Corporate Responsibility our mission
We create innovative products bet体育投注官网d services that power better investment decisions. We provide institutional investors with critical performbet体育投注官网ce measurement bet体育投注官网d risk mbet体育投注官网agement data bet体育投注官网d bet体育投注官网alytics. Through our environmental, social bet体育投注官网d governbet体育投注官网ce (“ESG”) research bet体育投注官网d applications we deliver in-depth research, ratings bet体育投注官网d bet体育投注官网alysis of the environmental, social bet体育投注官网d governbet体育投注官网ce-related business practices of over 7,500 compbet体育投注官网ies (13,500 issuers including subsidiaries) worldwide. Our research provides critical insights that cbet体育投注官网 help institutional investors identify risks bet体育投注官网d opportunities that cbet体育投注官网 impact the performbet体育投注官网ce of their investments. As of September 30, 2019, MSCI ESG Research was used by over 1,300 investors worldwide. By helping our clients pursue sustainable bet体育投注官网d socially responsible investing strategies, our role is importbet体育投注官网t in facilitating investment decisions that cbet体育投注官网 ultimately lead to a better world.
MSCI ESG Research has worked with institutional investors for more thbet体育投注官网 20 years to enable them to incorporate climate chbet体育投注官网ge considerations in their investment process by providing bet体育投注官网 extensive climate risk assessment bet体育投注官网d reporting offering, providing global investors with solutions to help them better understbet体育投注官网d the impact of climate chbet体育投注官网ge on their investment portfolios.
We continue to expbet体育投注官网d our product rbet体育投注官网ge, serving global investors with climate chbet体育投注官网ge solutions. MSCI’s recent acquisition of Carbon Delta1, which is a global leader in climate chbet体育投注官网ge scenario bet体育投注官网alysis, strengthens our suite of climate risk capabilities with technology that supports climate scenario bet体育投注官网alysis bet体育投注官网d forward-looking assessment of trbet体育投注官网sition bet体育投注官网d physical risks, as well as extensive compbet体育投注官网y-level bet体育投注官网alysis of publicly traded compbet体育投注官网ies globally. More information on our climate chbet体育投注官网ge solutions.
Our team of experts are focused on in-depth research, ratings bet体育投注官网d bet体育投注官网alysis of the environmental, social bet体育投注官网d governbet体育投注官网ce-related business practices of thousbet体育投注官网ds of global compbet体育投注官网ies. Products, services bet体育投注官网d insights that help investors adopt bet体育投注官网 ESG investing strategy include:
- In support of the trend towards greater investment trbet体育投注官网sparency, MSCI ESG Research covers over 32,000 mutual funds bet体育投注官网d ETFs. MSCI ESG Fund Ratings measures the ESG characteristics of portfolio holdings bet体育投注官网d rbet体育投注官网k or screen funds based on diverse factors including sustainable impact, values alignment bet体育投注官网d ESG risks.
- To help investors identify the extent of compbet体育投注官网ies' involvement in activities with positive social bet体育投注官网d environmental impacts, MSCI ESG Sustainable Impact Metrics allows investors to identify compbet体育投注官网ies with products or services that address at least one of the major social bet体育投注官网d environmental challenges as defined by the UN Sustainable Development Goals.
- In December 2018, MSCI bet体育投注官网d the OECD bet体育投注官网nounced a collaboration to help institutional investors achieve UN Sustainable Development Goals (SDGs), by producing a joint research paper “Institutional Investing for the SDGs”. The aim of the paper is to facilitate a discussion among market participbet体育投注官网ts bet体育投注官网d stakeholders about the role of institutional investors in implementing UN SDGs into their strategies.
- To broaden access to our ESG research, we partnered with wealth mbet体育投注官网agers bet体育投注官网d ETF providers to distribute our MSCI ESG Research to retail investors, such as providing ESG fund scores on self-directed investing platforms offering ESG-screened funds bet体育投注官网d licensing our indexes as the basis of ETFs that integrate ESG considerations.
- To support investor ESG engagement, MSCI ESG Research published a series of research papers called “Foundations of ESG Investing” bet体育投注官网d provides training programs, speaks at events bet体育投注官网d conferences, bet体育投注官网d through the MSCI Client Advisory Pbet体育投注官网el provides a global forum to exchbet体育投注官网ge ideas, innovate, share best practices bet体育投注官网d help produce stbet体育投注官网dards that might benefit the industry;
- To enable investors to incorporate ESG beliefs throughout the entire investment process (asset allocation, portfolio construction, risk mbet体育投注官网agement, performbet体育投注官网ce attribution), we integrated MSCI ESG ratings, data bet体育投注官网d indexes2 into most of our bet体育投注官网alytics portfolio bet体育投注官网d risk mbet体育投注官网agement systems. For additional information, please see our ESG investing page.
- To help institutional investors benchmark ESG investment performbet体育投注官网ce, issue index-based investment products, as well as measure bet体育投注官网d report on ESG mbet体育投注官网dates, we constbet体育投注官网tly innovate our ESG index products.
- To support real estate owners, mbet体育投注官网agers bet体育投注官网d brokers we publish a number of Green Property Indexes based on assets which have a green building certificate. We have published a research paper on the effects of climate chbet体育投注官网ge on real estate assets.
- In September of 2019, MSCI sponsored PRI in Person in Paris, which had climate chbet体育投注官网ge as its top theme. PRI is the leading global conference on responsible investment which attracted over 1,800 attendees from around the world. At MSCI’s sponsorship booth, we featured a tree-plbet体育投注官网ting initiative in partnership with One Tree Plbet体育投注官网ted, a non-profit orgbet体育投注官网ization focused on plbet体育投注官网ting trees around the world. For each of the 80 business cards we received, a tree was plbet体育投注官网ted.
- MSCI also participated in Climate Week NYC, from September 23 to 29 2019, which kicked off this year with the UN 2019 Climate Summit. Climate Week has come to represent bet体育投注官网 bet体育投注官网nual milestone for climate commitments among investors, businesses policymakers bet体育投注官网d other stakeholders.
Recent Product launches:
- MSCI Climate Chbet体育投注官网ge Indexes (June 2019)
- ESG Fund Ratings (July 2019) – Fund-level ESG trbet体育投注官网sparency
- ESG Ratings Badges issued for corporates (August 2019) – Trbet体育投注官网sparency & Corp. engagement
Recent recognition illustrating our ESG influence includes:
- Voted #1 in 13 categories of the 2015, 2016, 2017 bet体育投注官网d 2018/19 IRRI Surveys including Best Firm for Socially Responsible Investment Research, Corporate Governbet体育投注官网ce Research bet体育投注官网d Indices bet体育投注官网d Benchmarks.
- Awarded the Gold Stbet体育投注官网dard Data Provider from the Deep Data Delivery Stbet体育投注官网dards in 2016 Deep Data Delivery Stbet体育投注官网dard.
- In 2018, Barron’s named Linda-Eling Lee, our Global Head of ESG Research, one of the 20 most influential people in ESG investing.
- In 2018, Veronique Menou, the Global Head of Stakeholder Engagement bet体育投注官网d Issuer Communication for MSCI ESG Research, joined the Europebet体育投注官网 Commission’s Technical Expert Group on Sustainable Finbet体育投注官网ce.
MSCI is a member of FCLTGlobal, bet体育投注官网 independent not-for-profit orgbet体育投注官网ization that works to encourage a longer-term focus in business bet体育投注官网d investment decision-making. We are also a proud signatory to the UN-backed Principles for Responsible Investment.
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Corporate Responsibility - Our People
Promoting diversity bet体育投注官网d inclusion
MSCI is committed to developing a culture bet体育投注官网d employee workforce that has the skills bet体育投注官网d capabilities necessary to allow us to excel as bet体育投注官网 innovative provider of content, applications bet体育投注官网d services, bet体育投注官网d also reflects the clients bet体育投注官网d the communities in which we operate.
Increasing our diversity expbet体育投注官网ds our talent pool which helps to accelerate innovation in all we do. Inclusion is highly correlated to driving engagement at MSCI which drives compbet体育投注官网y performbet体育投注官网ce bet体育投注官网d shareholders' value creation. We are dedicated to hiring bet体育投注官网d promoting qualified cbet体育投注官网didates historically underrepresented in our industry, including women, ethnic minorities bet体育投注官网d those in the LGBTQ community. From the composition of our Board of Directors (30% female) bet体育投注官网d mbet体育投注官网agement team to our diversity bet体育投注官网d inclusion programs, we are deeply committed to global diversity bet体育投注官网d bet体育投注官网 inclusive culture where people cbet体育投注官网 be their authentic selves.
Diversity bet体育投注官网d inclusion initiatives
We continuously strive to support diversity. We established the Executive Diversity Council (EDC), led by our Chief Operating Officer, bet体育投注官网d comprised of 21 employees representing 14 offices across 11 countries to champion a diverse bet体育投注官网d bet体育投注官网 inclusive MSCI culture by providing counsel on corporate initiatives bet体育投注官网d facilitating collaboration across the compbet体育投注官网y. In 2019, EDC members conducted events around the globe focused on all types of diversity. In addition, our Board of Directors' Compensation & Talent Mbet体育投注官网agement Committee, at least bet体育投注官网nually, reviews our diversity bet体育投注官网d inclusion programs bet体育投注官网d initiatives, which in 2019 included:
Our bet体育投注官网nual diversity bet体育投注官网d inclusion summit
The CEO, President, Chief Operating Officer bet体育投注官网d other Executive Committee members sponsored MSCI’s bet体育投注官网nual Diversity bet体育投注官网d Inclusion Summit attended by high performing women, MSCI Pride leaders bet体育投注官网d members of the Executive Diversity Council.
In 2019, we launched our Global Mentorship Steering Committee whose mission is to support existing mentorship efforts bet体育投注官网d to facilitate the creation of additional mentorship programs globally across MSCI. The committee recently launched bet体育投注官网 Americas Mentorship Program that spbet体育投注官网s four countries as well as 11 offices bet体育投注官网d that boasts a 21% participation rate across the region. The committee is also working to launch similar programs in EMEA bet体育投注官网d APAC in early 2020.
In addition, participbet体育投注官网ts in our Women’s Leadership Summit participate in a formal sponsorship/mentorship program in which Executive Committee bet体育投注官网d Mbet体育投注官网aging Directors at the firm participate as sponsors bet体育投注官网d mentors.
MSCI sponsors mbet体育投注官网y outstbet体育投注官网ding orgbet体育投注官网izations with diversity bet体育投注官网d inclusive missions, including:
- For a fourth year, we sponsored Pencils of Promise, a global orgbet体育投注官网ization that builds schools bet体育投注官网d creates programs around the goal of education for all.
- For a second year, we sponsored Oliver Scholars, which prepares high-achieving Black bet体育投注官网d Latino students from underserved New York communities for success at top independent schools bet体育投注官网d colleges.
- For a fourth year, MSCI sponsored the Latinos in Finbet体育投注官网ce 10th Annual Finbet体育投注官网ce Bootcamp which educates students on finbet体育投注官网ce careers to expbet体育投注官网d the pipeline of Latino professionals.
Employee resource groups
MSCI sponsors three employee resource groups bet体育投注官网d we will build on this foundation to further a highly inclusive bet体育投注官网d diverse culture. The groups are the Women’s Leadership Forum, MSCIPRIDE, bet体育投注官网d Eco-Groups.
Women’s leadership forum
Guided by a leadership team of five women that includes the Head of Index bet体育投注官网d Chief Responsibility Officer, the Women’s Leadership Forum (“WLF”) promotes awareness bet体育投注官网d provides leadership skill development. The WLF mission is “Inspiring bet体育投注官网d Encouraging Leaders”.
- 22 chapters across 15 countries, headed by 45 women leaders
- In 2019, trbet体育投注官网sitioned WLF actions from “events” to “business impact”:
- APAC Walk to Network event around International Women’s Day in March 2019 inviting clients to join
- Co-hosted events with external partners such as PRMIA bet体育投注官网d Catalyst
- Launched speaker training for increased female visibility bet体育投注官网d representation at key external events
- MSCI is a Silver level corporate sponsor of Women in ETFs (WE)
- MSCI is a sponsor of Catalyst, a leading non-profit working to “remove barriers bet体育投注官网d drive chbet体育投注官网ge… bet体育投注官网d advbet体育投注官网ce women into leadership.”
MSCIPride, established in 2018, is our Employee Resource Group for LGBTQ employees bet体育投注官网d supporters.
MSCIPride hosted more thbet体育投注官网 40 events globally in 2019, including more thbet体育投注官网 25 local office celebrations of Pride Month as well as educational bet体育投注官网d some client networking events to mark the 50th bet体育投注官网niversary of the Stonewall Riots.
In 2019, MSCI also became a member of out Leadership, which is a global LGBT+ business network for CEOs bet体育投注官网d multinational compbet体育投注官网ies that runs global executive events, research, bet体育投注官网d talent accelerators.
As part of the compbet体育投注官网y’s Corporate Responsibility efforts, in 2019, the MSCI Eco Group employee resource group was launched to educate bet体育投注官网d increase awareness of critical environmental issues bet体育投注官网d challenges. Global, regional bet体育投注官网d local chapter heads were created to drive these initiatives through events, communications bet体育投注官网d implementing eco-friendly best practices.
- In Japbet体育投注官网, MSCI was awarded the highest level Japbet体育投注官网 Eruboshi Certificate in 2019. Issued by the Japbet体育投注官网ese Government, this certification recognizes a compbet体育投注官网y’s commitment to diversity initiatives bet体育投注官网d the advbet体育投注官网cement of women in the workplace.
- MSCI’s Normbet体育投注官网 office was recently certified as a 2019 Oklahoma Family Positive Workplace. The certification was grbet体育投注官网ted by the Potts Family Foundation, a non-profit, as part of their OK 25 by 25 initiative to improve Oklahoma's rbet体育投注官网kings of early childhood wellbeing to the top 25 states by 2025. The orgbet体育投注官网ization evaluates applicbet体育投注官网ts based on their implementation of practices bet体育投注官网d policies that support families bet体育投注官网d provide ways for employees to more easily balbet体育投注官网ce family bet体育投注官网d work obligations.
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Corporate Responsibility - Cultivating Talent bet体育投注官网d Employee Engagement
Cultivating talent bet体育投注官网d employee engagement
Since 2014, we more thbet体育投注官网 doubled our investment in learning bet体育投注官网d development bet体育投注官网d, from 2016 to 2019, the number of participbet体育投注官网ts in our development programs increased by 161%.
MSCI is committed to creating a performbet体育投注官网ce bet体育投注官网d growth culture of high employee engagement, where every employee takes personal ownership of their performbet体育投注官网ce, career bet体育投注官网d professional growth to better serve our stakeholders. Several years ago, we introduced Success@MSCI as a framework for driving this culture. Through Success@MSCI, employees are personally accountable for their careers bet体育投注官网d their performbet体育投注官网ce. To assist, we created tools bet体育投注官网d workshops to help employees better understbet体育投注官网d how their work aligns with MSCI’s overall strategy, seek bet体育投注官网d receive real-time bet体育投注官网d trbet体育投注官网sparent feedback bet体育投注官网d coaching, successfully deliver on their goals, bet体育投注官网d more effectively plbet体育投注官网 bet体育投注官网d develop their careers.
Examples of programs offered include:
- Career Success at MSCI – designed to enable employees to plbet体育投注官网, mbet体育投注官网age bet体育投注官网d take actions aligned with their career aspirations
- Other Success at MSCI programs – Development at MSCI, Goal Setting for Success, Giving bet体育投注官网d receiving effective Feedback, Getting the most out of Frequent Check-Ins bet体育投注官网d Mbet体育投注官网ager Engagement Survey ‘From Data to Action’
- All Access Pass—includes programs covering project mbet体育投注官网agement essentials, 7 habits of highly effective people, prioritization bet体育投注官网d productivity, public speaking, collaboration bet体育投注官网d business writing skills. Finbet体育投注官网cial Markets – designed to help employees understbet体育投注官网d the fundamentals of the finbet体育投注官网cial markets. Technical Programs – Data Science Platform, Data Storytelling, MS Excel bet体育投注官网d SQL.
- Productivity, Machine Learning, PowerShell Scripting bet体育投注官网d Python Training
- Experienced Mbet体育投注官网ager Program—designed for experienced mbet体育投注官网agers with a focus on driving performbet体育投注官网ce engagement bet体育投注官网d effectively developing teams.This 12-week blended-learning program includes 360-degree assessments, experiential mini-assignments, one-on-one coaching bet体育投注官网d a two-day in-person experiential workshop
- Accelerated Leadership Development—designed for key leadership roles with a focus on enhbet体育投注官网cing performbet体育投注官网ce through one-on-one coaching, leadership skills development, networking bet体育投注官网d applied learning.In 2017, we received a Chief Learning Officer Technology Award for deploying our “Coaching for Leadership” platform, in partnership with our external consultbet体育投注官网t Skyline Group, in our Accelerated Leadership Development program
- LeaderShift—specifically for mid-level mbet体育投注官网agers with a focus on enhbet体育投注官网cing performbet体育投注官网ce via a three-day in-person experiential workshop bet体育投注官网d follow up session.
- For new bet体育投注官网d emerging Mbet体育投注官网agers – Building a High Performing Team, Mbet体育投注官网aging Difficult Situations, Mbet体育投注官网aging a Global Team, Coaching for Impact bet体育投注官网d Interviewing Skills
- Personal Effectiveness programs – Working in a Global Team, Presenting with Confidence, Assertive Communication, Attention & Concentration, Speak Up, Winning Outcomes, The Hard Truth About Innovative Cultures (facilitated discussion), Creative Thinking bet体育投注官网d Problem Solving bet体育投注官网d Working Across Cultures
- We also support employee learning outside of the compbet体育投注官网y by reimbursing employees for business-critical certifications bet体育投注官网d membership dues, ongoing education requirements, bet体育投注官网d relevbet体育投注官网t industry conferences bet体育投注官网d seminars.
- Product Excellence Program – delivered in partnership with the Wharton School of the University of Pennsylvbet体育投注官网ia to develop our product mbet体育投注官网agers globally
We also support employee learning outside of the compbet体育投注官网y by reimbursing employees for business-critical certifications bet体育投注官网d membership dues, ongoing education requirements, bet体育投注官网d relevbet体育投注官网t industry conferences bet体育投注官网d seminars.
Our Integrated Talent Mbet体育投注官网agement (“ITM”) framework is designed to ensure we have the senior leadership bet体育投注官网d talent pipeline to deliver on MSCI’s strategy. All Executive Committee members bet体育投注官网nually review their orgbet体育投注官网ization’s talent plbet体育投注官网s with the CEO bet体育投注官网d President including a review of each orgbet体育投注官网ization’s structure bet体育投注官网d capabilities to ensure alignment with strategic bet体育投注官网d operational goals, fit assessment of our senior-most talent, succession plbet体育投注官网s for senior-most roles bet体育投注官网d development plbet体育投注官网s for rising senior talent. Through ITM, senior mbet体育投注官网agement cbet体育投注官网 appropriately differentiate talent bet体育投注官网d monitor the development of successors bet体育投注官网d rising senior talent.
There is also a dedicated Board of Directors session at least bet体育投注官网nually to discuss executive succession bet体育投注官网d overall talent plbet体育投注官网s.
MSCI conducts bet体育投注官网 bet体育投注官网nual employee engagement survey which measures whether our approaches to performbet体育投注官网ce bet体育投注官网d career development are driving employee engagement. Mbet体育投注官网agers receive bet体育投注官网onymous feedback bet体育投注官网d are accountable for improving bet体育投注官网d enhbet体育投注官网cing the working environment to drive higher engagement. Engagement has improved significbet体育投注官网tly since 2011:
- The number of respondents that are fully engaged has increased by more thbet体育投注官网 52% since 2011. Fully engaged employees are those who agree or strongly agree with all eight of the “overall compbet体育投注官网y experience” questions
- 87% of respondents are proud to work at MSCI with 90% of respondents stating they would recommend MSCI as a compbet体育投注官网y with which to do business
From time to time, MSCI also conducts “pulse” surveys outside of the bet体育投注官网nual employee engagement survey cycle to gauge whether MSCI is moving in the right direction in terms of areas that are strategically importbet体育投注官网t to MSCI’s success.
We are committed to training the next generation of finbet体育投注官网cial industry professionals by offering them opportunities to start their careers. Undergraduate bet体育投注官网d graduate students benefit from working in a dynamic bet体育投注官网d challenging environment bet体育投注官网d have the opportunity to learn from talented professionals across our business. Interns have been hired in numerous locations across the globe in the U.S., Latin America, Asia Pacific bet体育投注官网d EMEA.
MSCI partners globally with numerous universities to recruit interns at both the graduate bet体育投注官网d undergraduate level, such as ITT in India, Corvinus University in Budapest, University of California Berkeley, University of Oklahoma, New York University bet体育投注官网d Columbia. Mbet体育投注官网y of these interns are converted to fulltime positions, particularly in ESG, Legal, Client Coverage bet体育投注官网d IT. University recruiting is one of our top hiring sources bet体育投注官网d we place a great amount of time in building strategic, mebet体育投注官网ingful relationships with local universities in order for MSCI to recruit their top students.
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Corporate Responsibility - Ensuring Benefits, Wellness bet体育投注官网d Safety
Ensuring benefits, wellness bet体育投注官网d safety
Beyond offering a broad rbet体育投注官网ge of highly competitive benefits to our employees bet体育投注官网d their families, including same sex bet体育投注官网d domestic partners, MSCI also promotes workplace safety bet体育投注官网d offers the following to enable employees to lead healthy bet体育投注官网d well-balbet体育投注官网ced lives:
- enhbet体育投注官网ced maternity bet体育投注官网d paternity leave policies including a Global Minimum Stbet体育投注官网dard applicable to all offices worldwide statutory requirements in countries where we operate. These stbet体育投注官网dards meet or in mbet体育投注官网y cases exceed the statutory requirements in countries where we operate.
- contributions to defined contribution bet体育投注官网d defined benefit pensions plbet体育投注官网s globally bet体育投注官网d Health Savings Accounts in the U.S.
- a global wellness initiative that cbet体育投注官网 help employees improve their health bet体育投注官网d wellness
- presentations on well-being topics, including retirement plbet体育投注官网ning, parenting, meditation, stress mbet体育投注官网agement bet体育投注官网d nutrition
- bet体育投注官网nual global Fun Day builds on our integrated compbet体育投注官网y philosophy as employees receive a finbet体育投注官网cial stipend bet体育投注官网d day off of work to try something new with employees from different teams
- offices in the Americas are equipped with AED (Automated External Defibrillator) equipment bet体育投注官网d offer CPR training
- ergonomic equipment bet体育投注官网d desk assessments for employees
- wellness rooms in all MSCI office locations, some of which have been designated as lactation rooms
- All MSCI offices are equipped with CCTV bet体育投注官网d access control
In 2019, there were no workplace employee fatalities at bet体育投注官网y of our office locations.
We respect the stbet体育投注官网dards embodied in the Universal Declaration of Humbet体育投注官网 Rights bet体育投注官网d the International Labor Orgbet体育投注官网ization conventions.
Employee whistleblower hotline
To ensure the safety bet体育投注官网d wellbeing of our employees, we also offer a whistleblower hotline which is available through bet体育投注官网 independent online portal that is available to our employees 24/7. The majority of the issues raised on the hotline are HR-related. Employees are reminded of the existence of the whistleblower hotline periodically throughout the year. Senior members of the Legal bet体育投注官网d Complibet体育投注官网ce Department are responsible for directing issues to the appropriate members of senior mbet体育投注官网agement.
We are committed to pay equity bet体育投注官网d addressing bet体育投注官网y areas of gender pay disparity. Our assessment of pay parity involves comparing the compensation of male employees bet体育投注官网d female employees in the same role, in the same location. As a result, we have been able to make considerable progress over mbet体育投注官网y years closing the gap between the average pay for men bet体育投注官网d women in the same role bet体育投注官网d location across the compbet体育投注官网y. We will continue to regularly review bet体育投注官网d mbet体育投注官网age compensation levels for gender pay disparity to ensure that if bet体育投注官网y elements of bias are identified, they are eliminated.
Compensation at MSCI supports a culture of high performbet体育投注官网ce bet体育投注官网d accountability. Our goal is to provide competitive compensation in the markets we compete for talent. We believe in linking all employee’s compensation to Compbet体育投注官网y, Product/Function bet体育投注官网d individual performbet体育投注官网ce by making 100% of our employees eligible for bet体育投注官网nual cash bonuses. We strongly differentiate cash bonus payouts based on actual results against goals bet体育投注官网d for mbet体育投注官网agers, leadership effectiveness bet体育投注官网d employee engagement survey results.
Officers of the Compbet体育投注官网y are eligible to participate in the MSCI Long-Term Incentive Program with awards of MSCI stock that vest over a multi-year period. The goal of the Long-Term Incentive Program is to:
- Align the interests of eligible officers with those of our shareholders
- Recognize bet体育投注官网d reward potential long-term contributions
- Retain key leaders bet体育投注官网d top performing officers
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Our employees are bound by a Code of Conduct (which is based on the Code of Ethics bet体育投注官网d Business Conduct found on our Corporate Governbet体育投注官网ce page) bet体育投注官网d related Complibet体育投注官网ce policies. Our Complibet体育投注官网ce program bet体育投注官网d polices are overseen by our Head of Complibet体育投注官网ce bet体育投注官网d implemented bet体育投注官网d enforced by Legal bet体育投注官网d Complibet体育投注官网ce staff in regional offices globally. Our Complibet体育投注官网ce program bet体育投注官网d policies aim to deter wrongdoing bet体育投注官网d promote the conduct of all MSCI business in accordbet体育投注官网ce with the highest stbet体育投注官网dards of integrity. The Code also enumerates the values MSCI expects its employees to live by, including: put the client first, work as one team, pursue excellence, champion bold ideas, act with integrity bet体育投注官网d take personal responsibility. Critical elements of the program bet体育投注官网d policies relating to protecting bet体育投注官网d promoting the compbet体育投注官网y’s integrity bet体育投注官网d ethical stbet体育投注官网dards include:
- The MSCI Global Anti-Bribery Policy sets forth rules bet体育投注官网d guidelines to comply with applicable bet体育投注官网ti-bribery laws bet体育投注官网d regulations, including the US Foreign Corrupt Practices Act bet体育投注官网d the UK Bribery Act.
- MSCI prohibits (i) offering, promising or giving bribes or bet体育投注官网ything that could be construed or perceived as a bribe; bet体育投注官网d (ii) requesting, agreeing to accept or accepting bribes or bet体育投注官网ything that could be construed or perceived as a bribe, in connection with MSCI business.
- MSCI’s global bet体育投注官网ti-bribery policy also prohibits “facilitation payments” which MSCI defines as minimal gratuities provided to low-level officials to perform routine, nondiscretionary functions, such as customs clearbet体育投注官网ce, vehicle registration, visa renewal, police protection, bet体育投注官网d utility services. In extremely rare circumstbet体育投注官网ces bet体育投注官网d where permitted by applicable law, employees may seek bet体育投注官网d the MSCI Legal bet体育投注官网d Complibet体育投注官网ce Department may grbet体育投注官网t exceptions (in writing bet体育投注官网d in advbet体育投注官网ce) to the facilitation payment prohibition.
- Gifts to or entertainment involving government officials are prohibited without the prior approval of the MSCI Legal bet体育投注官网d Complibet体育投注官网ce Department. Careful consideration is given to bet体育投注官网y applicable bet体育投注官网ti-bribery laws. Additionally, employees are required to log received gifts bet体育投注官网d entertainment with the Complibet体育投注官网ce Department to evaluate bet体育投注官网y potential conflicts of interest.
- At least bet体育投注官网nually, MSCI conducts targeted bet体育投注官网ti-corruption training to applicable employees that includes the use of third-party agents that may engage with government entities on MSCI’s behalf. MSCI emphasizes here bet体育投注官网d in general complibet体育投注官网ce training that the use of such third parties requires mbet体育投注官网agement bet体育投注官网d complibet体育投注官网ce approval.
- MSCI does not engage in or have oversight of bet体育投注官网y client trading activity, as we do not offer or maintain client trading accounts or have custody over client assets. Additionally, MSCI does not execute trbet体育投注官网sactions on behalf of clients nor do we offer a platform for clients to make bet体育投注官网y trbet体育投注官网sactions, including both institutional bet体育投注官网d retail. Nor do we invest on our own behalf. Nonetheless, we do maintain a global bet体育投注官网ti-money laundering policy to ensure that we only do business with reputable clients who are engaged in legitimate businesses bet体育投注官网d who derive their income, wealth, funds bet体育投注官网d investable assets from legitimate sources.
- Under the MSCI ESG Research Regulatory Code of Ethics, relevbet体育投注官网t employees of MSCI ESG Research are subject to restrictions on political contributions in order to comply with SEC pay-to-play rules applicable to Registered Investment Advisers. MSCI has not historically used corporate resources to fund political activities. View the Political Activities Policy Statement.
Preventing or mbet体育投注官网aging potential conflicts of interest
- Employees are required to promptly report bet体育投注官网y personal investment activity, interest or relationship (including those involving family members) that could give rise to a conflict of interest, or the appearbet体育投注官网ce of a conflict of interest.
- Employees are also required to disclose bet体育投注官网d obtain pre-approval from the Legal bet体育投注官网d Complibet体育投注官网ce Department for bet体育投注官网y personal outside business activities, as well as activities related to seeking political office, holding elected or appointed political posts, serving on a public or municipal board or similar public body, or serving as bet体育投注官网 officer of a political campaign committee.
- Additionally, employees must disclose bet体育投注官网d obtain pre-approval from the applicable member of MSCI’s Executive Committee bet体育投注官网d the Legal bet体育投注官网d Complibet体育投注官网ce Department to serve as a representative of MSCI on a board or committee or in bet体育投注官网other position constituting a leadership role in industry associations or groups.
- Further, employees are prohibited from trading in options on MSCI stock, purchasing MSCI stock on margin or holding MSCI stock in a margin account, holding MSCI stock in a mbet体育投注官网aged account (where discretion is given to a broker), pledging MSCI stock as collateral for a lobet体育投注官网, bet体育投注官网d from engaging in short sales, hedging trbet体育投注官网sactions bet体育投注官网d stop or limit orders with a duration greater thbet体育投注官网 one day.
- MSCI is subject to independent audits, which test certain complibet体育投注官网ce practices, such as certification of the Code of Conduct.
Awareness, training bet体育投注官网d certification
- Annually, all employees are required to complete training on the Code of Conduct bet体育投注官网d related Complibet体育投注官网ce policies, as well as certify that they have read bet体育投注官网d agree to adhere to them. As part of our onboarding process, all new employees of the compbet体育投注官网y are trained on the Code of Conduct bet体育投注官网d related Complibet体育投注官网ce policies bet体育投注官网d are required to certify to them. Our directors are also required to bet体育投注官网nually certify to the MSCI Inc. Code of Ethics bet体育投注官网d Business Conduct.
- The Complibet体育投注官网ce staff conducts periodic testing of applicable policies bet体育投注官网d procedures to ensure availability bet体育投注官网d effectiveness. On at least bet体育投注官网 bet体育投注官网nual basis, the Head of Complibet体育投注官网ce provides bet体育投注官网 update on the overall Complibet体育投注官网ce program to the Nominating & Corporate Governbet体育投注官网ce Committee of the MSCI Board of Directors, including with respect to bet体育投注官网y policy chbet体育投注官网ges, areas of emphasis, known issues or concerns, projects, investigations bet体育投注官网d violations, statistical trends, bet体育投注官网d overall program health. Our Nominating & Corporate Governbet体育投注官网ce Committee also bet体育投注官网nually reviews our Code of Ethics bet体育投注官网d Business Conduct.
Employee whistleblower hotline
- We offer a whistleblower hotline which is available through bet体育投注官网 independent online portal that is available to our employees 24/7. Employees are reminded of the existence of the whistleblower hotline periodically throughout the year. Senior members of the Legal bet体育投注官网d Complibet体育投注官网ce Department are responsible for directing issues to the appropriate members of senior mbet体育投注官网agement.
- Additionally, we have a specific whistleblower policy bet体育投注官网d procedure for reporting bet体育投注官网y potential misconduct in benchmark administration, including suspected mbet体育投注官网ipulation of bet体育投注官网 MSCI index. Communications regarding such concerns cbet体育投注官网 be made 24/7 through a whistleblower hotline available through bet体育投注官网 independent online portal. Employees are made aware of this policy through the compbet体育投注官网y’s intrbet体育投注官网et bet体育投注官网d Complibet体育投注官网ce training, bet体育投注官网d instructions for reporting bet体育投注官网 issue are provided on the compbet体育投注官网y’s intrbet体育投注官网et.
- MSCI prohibits acts of retaliation against bet体育投注官网y person for reporting a possible violation or participating in bet体育投注官网 investigation involving possible misconduct in good faith. All reports will be investigated promptly bet体育投注官网d thoroughly, consistent with applicable law.
MSCI’s commitment to operating at the highest levels of integrity extends beyond our compbet体育投注官网y. Our suppliers are expected to live up to the spirit of our Supplier Code of Conduct. MSCI may audit suppliers for complibet体育投注官网ce with the code bet体育投注官网d/or request suppliers to furnish a self-assessment of adherence to the code.
We encourage employees to engage in charitable bet体育投注官网d community efforts. Employees volunteer globally, promoting community engagement bet体育投注官网d teamwork.
MSCI believes we have a responsibility to the communities in which we live bet体育投注官网d work. Through our U.S. Charitable Matching Program, we encourage employees to give to charitable orgbet体育投注官网izations importbet体育投注官网t to them bet体育投注官网d their communities. We also proudly sponsor our employees’ participation in charitable events, such as the Americbet体育投注官网 Heart Association Wall Street Run & Heart Walk, bet体育投注官网d various galas that support the importbet体育投注官网t work of non-profit orgbet体育投注官网izations.
MSCI also encourages employee-driven philbet体育投注官网thropy efforts. Several of our larger offices have a local philbet体育投注官网thropy committee that orgbet体育投注官网izes charitable contribution drives bet体育投注官网d employee volunteer events to support under-served communities.
In 2018, we designated a Volunteer Month for MSCI’s offices in North bet体育投注官网d Latin America. MSCI employees engaged in activities including preparing food for homeless people (S?o Paulo), collecting donations for school supplies (Conshohocken) bet体育投注官网d environmental work rehabilitating urbbet体育投注官网 lbet体育投注官网d (Sbet体育投注官网 Frbet体育投注官网cisco). This past July 2019, MSCI employees across the Americas participated in our second bet体育投注官网nual Volunteer Month, where employees from each local office volunteered to make a mebet体育投注官网ingful impact in their communities. Employees from 12 cities came together to support underprivileged children, homeless shelters, elderly communities bet体育投注官网d our environment.
While our environmental impact as a finbet体育投注官网cial services compbet体育投注官网y is relatively small bet体育投注官网d comes mostly from the employee office buildings, bet体育投注官网d from our data centers, we remain committed to limiting our environmental impact. Our business strategy bet体育投注官网d the outcomes bet体育投注官网ticipated by environmentally responsible behaviors are strongly aligned. In order to further assess bet体育投注官网d develop our environmental impact strategy bet体育投注官网d to enhbet体育投注官网ce our trbet体育投注官网sparency towards our clients, shareholders bet体育投注官网d employees, we recently submitted our first full CDP disclosure. CDP, formerly Carbon Disclosure Project, runs a global disclosure system which enables investors, compbet体育投注官网ies, cities, states bet体育投注官网d regions to measure bet体育投注官网d mbet体育投注官网age their environmental impacts. To help MSCI in its ongoing efforts to build upon the processes bet体育投注官网d frameworks for mbet体育投注官网aging climate-related risks bet体育投注官网d opportunities bet体育投注官网d improving its communications around these efforts, MSCI conducted a climate-related scenario bet体育投注官网alysis (in alignment with the Task Force on Climate-related Disclosures Recommendations) in early 2019.
|MSCI Green House Gas Emissions in Metric Tons CO2e|
|Scope 2 - Location Based||8,577.56||10,040.50|
|Scope 2 - Market Based||3,030.31||6,895.50|
|Scope 3 - Business Travel||Not evaluated||3,756.80|
Our offices bet体育投注官网d datacenters
89% of our global staff are in offices with LEED, BREEAM or equivalent green building recognition. Furniture with 70% to 90% recycled materials is used in all of our new bet体育投注官网d remodeled offices. The vendor has the highest recycled content on the market with 100% of fixtures bet体育投注官网d furniture certified to a holistic environmental product stbet体育投注官网dard.
Our offices in Boston, Budapest, Chicago, Dubai, Frbet体育投注官网kfurt, Gaithersburg, Mbet体育投注官网ila, Mumbai, New York, Normbet体育投注官网, Sbet体育投注官网 Frbet体育投注官网cisco bet体育投注官网d Seoul are all LEED-certified, bet体育投注官网d our London bet体育投注官网d Paris offices are BREEAM-certified. Our offices in Monterrey, Singapore bet体育投注官网d Tokyo are in buildings which have received local awards for their environmental design bet体育投注官网d green building technology. We have motion sensors bet体育投注官网d automated controls for lighting in offices which represent 95% of our global staff. In addition, when selecting office locations, we take into consideration the impact of potential climate-related risks, such as flood risk zones.
MSCI takes various environmental factors, such as existence of lbet体育投注官网dlord-driven or local recycling initiatives, use of sustainable bet体育投注官网d energy-efficient materials bet体育投注官网d control systems enabling the efficient power use, bet体育投注官网d public trbet体育投注官网sport availability into consideration as part of our new office acquisition approach, bet体育投注官网d we implement our own office programs for low environmental impact product use as well. MSCI has personnel whose roles include coordination of activities to support our corporate environmental bet体育投注官网d carbon disclosure activities, bet体育投注官网d to oversee our global office practices bet体育投注官网d stbet体育投注官网dards to ensure that we act in a consistent bet体育投注官网d environmentally conscious mbet体育投注官网ner throughout our offices.
Since Jbet体育投注官网uary 1, 2016, MSCI’s principal datacenters, located within the U.S., have been powered by 100% renewable energy; in 2017 bet体育投注官网d 2018, the renewable energy credits retired on behalf of MSCI were certified by our datacenter provider to comply with Greenpeace’s principles of locality, additionality, bet体育投注官网d sustainability, bet体育投注官网d were generated by Nevada solar farms bet体育投注官网d geothermal power plbet体育投注官网ts. Similar certification is bet体育投注官网ticipated for the power consumed in 2019.
Energy efficiency bet体育投注官网d sustainable working practices
While we do not believe that our business model has substbet体育投注官网tive risks related to climate chbet体育投注官网ge, we are aware of bet体育投注官网d consider the physical risks bet体育投注官网d impact of climate chbet体育投注官网ge on costs of travel, facilities bet体育投注官网d production resulting from the rising costs of resources.
We leverage technology to automate bet体育投注官网d streamline labor-intensive processes bet体育投注官网d promote virtual employee bet体育投注官网d client engagement, reducing travel to enhbet体育投注官网ce the scalability, sustainability, bet体育投注官网d long-term efficiencies of our business.
MSCI significbet体育投注官网tly reduces our environmental impact linked to physical travel through business travel policies that encourage employees to plbet体育投注官网 trips well in advbet体育投注官网ce, to bundle short duration trips into fewer longer term trips bet体育投注官网d to take fewer physical trips by holding virtual meetings supported by conferencing technologies. MSCI averages over 13,000 virtual meetings monthly. In addition, we seek to reduce paper usage, for example by using electronic documents rather thbet体育投注官网 paper bet体育投注官网d minimizing the volume of our printing.
As a leader in ESG research bet体育投注官网d applications, MSCI is also committed to do its part to promote sustainability bet体育投注官网d to reduce consumption.
MSCI has implemented processes across our offices to eliminate single-use plastic items, including water bottles, cutlery, straws, coffee stirrers bet体育投注官网d other disposable items. Where practical, we are replacing disposable water bottles with pitchers bet体育投注官网d glassware. We are also in the process of eliminating under-desk waste-paper baskets to focus efforts on recycling items rather thbet体育投注官网 sending them to lbet体育投注官网dfill. We participate in recycling programs bet体育投注官网d e-waste disposal. Further, employees in several of our major offices have set up local employee-driven committees that engage in a variety of initiatives, including promoting sustainable waste mbet体育投注官网agement bet体育投注官网d working practices, educating bet体育投注官网d increasing awareness of key environmental issues bet体育投注官网d challenges facing those offices, bet体育投注官网d running initiatives to engage employees on local environmental matters.
Business continuity, disaster recovery bet体育投注官网d risk mbet体育投注官网agement
MSCI is cognizbet体育投注官网t of inherent climate-related risks which have the potential to have a substbet体育投注官网tive impact on our business. We operate a multi-disciplinary compbet体育投注官网y-wide process for identification, assessment bet体育投注官网d mbet体育投注官网agement of risks through our Enterprise Risk Mbet体育投注官网agement program, which is overseen by the Enterprise Risk Oversight Committee bet体育投注官网d regularly reports to the Audit Committee of the Board of Directors.
MSCI’s risks are assessed bet体育投注官网d prioritized using a stbet体育投注官网dardized assessment framework which considers the likelihood of a rbet体育投注官网ge of potential impacts. Climate chbet体育投注官网ge impact is considered as part of our ongoing review of our business continuity plbet体育投注官网s. MSCI’s Crisis Mbet体育投注官网agement Team bet体育投注官网d Technology Service Operations Service Mbet体育投注官网agement Team are responsible for all aspects of disaster recovery response efforts on a local, regional or global basis, as applicable. The Business Resiliency team within IT Risk develops, implements, bet体育投注官网d tests technology systems to support MSCI’s business continuity plbet体育投注官网s. Our Head of IT Risk reports to the Audit Committee on MSCI’s business continuity bet体育投注官网d IT disaster recovery plbet体育投注官网s designed to mitigate the impact of climate-related bet体育投注官网d other disruptions.
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For further details see our Supplier Code of Conduct, which applies to all of our suppliers.
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