Supporting Your Climate Engagement Strategy
Monthly data to help you begin talking to companies about the net-zero pathway

We know that navigating today’s rapidly-evolving sustainability landscape can be a daunting task. It can be particularly challenging for institutional investors who wantto achieve their climate goals but lack the resources to engage with companies who need help aligning with a net-zero pathway.
At MSCI, we have expanded our index offering to help make this process easier. Our ESG index data files now include climate insights designed to help investorsquickly identify which companies are prime candidates for engagement — and to scale engagement efforts across sectors.

Taking the first step toward engagement
Engagement, along with capital allocation, is a key lever
for institutional investors pursuing net-zero targets.
But influencing the climate decisions a company makes,

Mobilizing your engagement strategy
Asset owners — help organize engagement strategy;
identify areas of concerns across sectors

whether negotiating renewable energy expenditures or
advocating better environmental practices, can be costly
and time-consuming.

Clients who license our ESG or climateindexes, including our Climate Action
Indexes, will automatically receive theinsights as part of their index data at noadditional cost.
To learn more about engaging companies on
climate change, see our research, Net-Zero
Alignment: Engaging on Climate Change.

Asset managers — help scale engagement efforts;
demonstrate accountability to investee companies

We have heard from our index subscribers that theywant to accelerate progress toward their goals but often
lack the resources or expertise to begin interacting withInsurers — help engage on decarbonization strategies

companies. Some may have an advanced climate planand net-zero pathways for underwriting portfolios

but lack a tool to screen large pools of companies.
MSCI has responded with a set of metrics designed tosimplify and speed this process, equipping investors —as well as insurers and corporates — with data they needto help achieve their climate goals and drive change inthe real economy.

Corporates — help gauge market expectations and makepeer comparisons

Guiding your interaction with the rightcompanies• Disclosed Scope 1, 2 and3 carbon emissions

emissions reduction targets to reveal which companies
are making progress in the low carbon transition and• Publicly committed toemissions reduction targets

Index, MSCI will report whether it has:

Ultimately, our goal is to equip clients with decision
helpful data to support their interaction withcompanies, helping them minimize exclusions
and limit climate investment risk as they grow their

which are not.
For each company in the MSCI ACWI Investable Market

investors seeking to identify outliers and measureprogress in a universe of thousands of companies.

Each month, clients will receive key metrics on carbon
emissions disclosure and the existence and validity ofThese metrics can serve as a starting point for• Received Science Based Target

engagement efforts.

validation for some of its targets

The data set includes:
Column Names

Description

Calculation Date

Calculation Date

Company Name

Company NameMSCI Security CodeMSCI Security CodeSedol

Sedol

Cusip

Cusip

Isin

ISIN

Sector

GICS Sector code

Industry Group

GICS Industry Group code

Industry

GICS Industry code

Sub-industry

GICS Sub-industry code

In ACWI

This field represents whether or not the company forms a part of the ACWI Index

In ACWI Climate Actionindex

This field represents whether or not the company forms a part of the ACWI Climate Action Index

Column Names

Description

Reports Carbon Emissions
Scope 1This field represents whether or not the company reports Carbon Emissions Scope 1 based on the company's most recently reported or estimatedScope 1 greenhouse gas emissions (if available). Scope 1 emissions are those from sources owned or controlled by the company, typically direct
combustion of fuel as in a furnace or vehicle.

Reports Carbon Emissions
Scope 2This field represents whether or not the company reports Carbon Emissions Scope 2 based on the company's most recently reported or estimatedScope 2 greenhouse gas emissions (if available). Scope 2 emissions are those caused by the generation of electricity purchased by the company.

Reports Carbon Emissions
Scope 3This field represents whether or not the company reports Scope 3 greenhouse gas emissions, as reported. Scope 3 emissions include an array of
indirect emissions resulting from activities such as business travel, distribution of products by third parties, and downstream use of a company'sproducts (i.e. by customers). Most reports of Scope 3 emissions include only some portion of these.

Year of Reporting Carbon
Emissions S1,S2 and/or S3This field indicates the most recent fiscal year available for estimated or reported Scope 1, Scope 2, Scope 1+2 and reported Scope 3

Public Carbon Emissions
Reduction Target

This field represents whether or not the company has Public Carbon Emissions Reduction Target based on List of IDs for publicly available individual(L1) emission reduction targets that have been collected.

Public Carbon Emissions
Target Announcement
Date

This field represents the date on which the target was announced by the company.

Verified By Science BasedTarget Initiative

This field represents whether or not the company has one or more active carbon emissions reduction target/s approved by the Science Based Targets
initiative (SBTi).

*Other identifiers may be included if a separate/direct license with the providers of these identifiers is in place.
Product Profile and Licensing
Universe: MSCI ACWI IMI ConstituentsFrequency: Monthly
Distribution: Via ESG Modules (Direct (MSCI) delivery+ Vendor)

About MSCIMSCI is a leading provider of critical decision
support tools and services for the global
investment community. With over 50 years ofexpertise in research, data and technology,
we power better investment decisions byenabling 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 theinvestment process.
To learn more, please visit www.msci.com.

The information contained herein (the “Information”) may not be reproduced or redisseminated inwhole or in part without prior written permission from MSCI ESG Research. The Information may not
be used to verify or correct other data, to create any derivative works, to create indexes, risk models,or analytics, or in connection with issuing, offering, sponsoring, managing or marketing any securities,
portfolios, financial products or other investment vehicles. Historical data and analysis should not betaken as an indication or guarantee of any future performance, analysis, forecast or prediction. MSCIESG Research is provided by MSCI Inc.’s subsidiary, MSCI ESG Research LLC, a Registered Investment
Adviser under the Investment Advisers Act of 1940. MSCI ESG Research materials, including materials
utilized in any MSCI ESG Indexes or other products, have not been submitted to, nor received approval
from, the United States Securities and Exchange Commission or any other regulatory body. Noneof the Information or MSCI index or other product or service constitutes an offer to buy or sell, or apromotion or recommendation of, any security, financial instrument or product or trading strategy.
Further, none of the Information is intended to constitute a recommendation to make (or refrain frommaking) any kind of investment decision and may not be relied on as such. MSCI ESG and climateratings, research and data are produced by MSCI ESG Research LLC, a subsidiary of MSCI Inc. MSCIESG Indexes, Analytics and Real Estate are products of MSCI Inc. that utilize information from MSCIESG Research LLC. MSCI Indexes are administered by MSCI Limited (UK). The Information is provided“as is” and the user of the Information assumes the entire risk of any use it may make or permit tobe made of the Information. NONE OF MSCI INC. OR ANY OF ITS SUBSIDIARIES OR ITS OR THEIRDIRECT OR INDIRECT SUPPLIERS OR ANY THIRD PARTY INVOLVED IN THE MAKING OR COMPILINGOF THE INFORMATION (EACH, AN “INFORMATION PROVIDER”) MAKES ANY WARRANTIES ORREPRESENTATIONS AND, TO THE MAXIMUM EXTENT PERMITTED BY LAW, EACH INFORMATIONPROVIDER HEREBY EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES, INCLUDING WARRANTIESOF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. WITHOUT LIMITING ANY OFTHE FOREGOING AND TO THE MAXIMUM EXTENT PERMITTED BY LAW, IN NO EVENT SHALL ANY
OF THE INFORMATION PROVIDERS HAVE ANY LIABILITY REGARDING ANY OF THE INFORMATIONFOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL (INCLUDING LOST PROFITS) ORANY OTHER DAMAGES EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. The foregoingshall not exclude or limit any liability that may not by applicable law be excluded or limited. Privacy
notice: For information about how MSCI collects and uses personal data, please refer to our Privacy
Notice at https://www.msci.com/privacy-pledge.
Please note that the issuers mentioned in MSCI ESG Research materials sometimes have commercial
relationships with MSCI ESG Research and/or MSCI Inc. (collectively, “MSCI”) and that these
relationships create potential conflicts of interest. In some cases, the issuers or their affiliates
purchase research or other products or services from one or more MSCI affiliates. In other cases,
MSCI ESG Research rates financial products such as mutual funds or ETFs that are managed byMSCI’s clients or their affiliates, or are based on MSCI Inc. Indexes. In addition, constituents in MSCI
Inc. equity indexes include companies that subscribe to MSCI products or services. In some cases,
MSCI clients pay fees based in whole or part on the assets they manage. MSCI ESG Research hastaken a number of steps to mitigate potential conflicts of interest and safeguard the integrity andindependence of its research and ratings. More information about these conflict mitigation measures
is available in our Form ADV, available at https://adviserinfo.sec.gov/firm/summary/169222.
©2023 MSCI Inc. All rights reserved | CFS0823