MSCI Develops Solution to Centralize Private Market Climate and Sustainability Disclosures
07 February 2024 - 12:00AM
Business Wire
- MSCI Private Company Data Connect allows companies to
self-report data to investors on a secure, digital hub
- Tool supports general partners’ evolving regulatory reporting
requirements, investment due diligence, dedicated strategies
- Leverages the ESG Integrated Disclosure Project template to
drive standardization and transparency
- Integrates with Persefoni’s carbon accounting software to help
close the emissions gap
MSCI Inc. (NYSE: MSCI), a leading provider of mission-critical
decision support tools and services for the global investment
community, today announced the launch of MSCI Private Company Data
Connect – a centralized hub that provides general partners (“GPs”)
access to private companies' sustainability and climate data and
disclosures.
MSCI Private Company Data Connect is designed to drive
transparency and a common language for investors in private markets
considering companies’ sustainability and climate data by enabling
GPs to:
- Execute due diligence and risk management processes;
- Respond to client and regulatory sustainability reporting
requirements;
- And develop sustainable value creation strategies, such as
engagement and target-setting for their portfolio companies.
Companies retain ownership of their self-reported data and can
approve or decline data requests from GPs and lenders directly on
the platform. MSCI Private Company Data Connect also allows
companies to search for institutions and market participants that
are active on the hub to proactively provide access to their
data.
“As companies’ sustainability and climate considerations are
increasingly being used in capital allocation, lending, and other
decision-making processes, investors need an efficient and
effective way to share and analyze this critical data,” said
Eric Moen, Head of ESG at MSCI. “In recent years, there has
been an uptick in global regulator and client demand for more
reporting and data around the overall sustainability of GPs’
investments. MSCI Private Company Data Connect is designed to give
investors similar levels of insight into private companies’
sustainability practices with which they assess publicly traded
corporations, underscoring MSCI’s deep commitment to enhancing
transparency across the global private asset investment landscape
and helping investors manage complex, total portfolios.”
MSCI Private Company Data Connect will leverage the template
developed by the ESG Integrated Disclosure Project (“ESG IDP”) – an
industry initiative bringing together leading lenders in the
private credit and syndicated loan markets to improve transparency
and accountability. The ESG IDP was formed by the Alternative
Credit Council, the private credit affiliate of the Alternative
Investment Management Association, the Loan Syndications and
Trading Association, and the United Nations-supported Principles
for Responsible Investment, in co-operation with a group of leading
alternative asset managers, credit investors and a coalition of
market stakeholders.
“By working with MSCI and Persefoni to support the establishment
of a platform that leverages the ESG IDP, we’re able to better
respond to the unique challenges and opportunities of the private
markets,” said Michael Kashani, Managing Director, Head of ESG
Credit at Apollo, and Inaugural Chair of the ESG IDP Executive
Committee. “Increasing standardization and driving transparency
on material ESG factors reinforces our focus on value creation and
meeting stakeholder needs.”
MSCI Private Company Data Connect also helps companies without
emissions data simplify carbon accounting through software from
Persefoni AI Inc. (“Persefoni”), which provides technology to
businesses and financial institutions. The Persefoni AI-powered,
carbon measurement and reporting tool, Persefoni Pro, is a guided
platform available for free to MSCI Private Company Data Connect
users.
“This collaboration targets a pivotal area in today's corporate
sustainability efforts – closing the carbon emissions reporting gap
for both public and private companies,” said Kentaro Kawamori,
CEO and Co-Founder of Persefoni. “This initiative represents a
material stride towards enhancing transparency in private assets, a
sector where data accessibility has traditionally been
challenging.”
MSCI Private Company Data Connect is available on MSCI ONE, a
cloud-based technology platform that provides investors and
companies access to MSCI’s portfolio of products and solutions.
About MSCI Inc.
MSCI is a leading provider of critical decision support tools
and services for the global investment community. With over 50
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.
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements relate to future events or
performance and involve risks that may cause actual results or
performance differ materially and you should not place undue
reliance on them. Risks that could affect results or performance
are in MSCI’s Annual Report on Form 10-K for the most recent fiscal
year ended on December 31 that is filed with the SEC. MSCI does not
undertake to update any forward-looking statements. No information
herein constitutes investment advice or should be relied on as
such. MSCI grants no right or license to use its products or
services without an appropriate license. MSCI MAKES NO EXPRESS OR
IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR
PURPOSE OR OTHERWISE WITH RESPECT TO THE INFORMATION HEREIN AND
DISCLAIMS ALL LIABILITY TO THE MAXIMUM EXTENT PERMITTED BY LAW
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