MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support tools worldwide, announced today that Everence, a faith-based investment products and services provider, has subscribed to MSCI ESG Research Inc. in order to begin integrating environmental, social and governance (ESG) factors throughout its investment processes.
Everence has subscribed to MSCI ESG Research’s proprietary ESG ratings, MSCI ESG IVA, with the aim of fully integrating ESG data into their internally-managed fixed income investment operations, including the Praxis Intermediate Income Fund. In addition, Everence indicated that it plans to use MSCI ESG IVA data to support Praxis Mutual Funds’ extensive shareholder advocacy and corporate engagement efforts.
Recently, Everence utilized MSCI ESG IVA ratings to redesign and expand their environmental screens, including factors related to climate risk and environmental impact management.
Mark Regier, Director of Stewardship Investing for Everence, said, “As a values-driven investor, we believe corporate environmental, social, and governance practices should not just be the basis for our exclusion of certain companies. It is important that emerging ESG data be integrated into our ongoing investment operations in a number of different ways.”
“We are delighted to support Everence, a leading faith-based investment manager, as they work across the board to integrate ESG in fixed-income portfolios, and enhance their screening and corporate engagement capabilities” said Remy Briand, Managing Director and Head of MSCI Index and ESG Research.
MSCI ESG Research products and services are designed to support global faith-based and ethical screening mandates as well as the integration of ESG factors into investment processes across asset classes.