MSCI has launched the MSCI Climate Paris Aligned Index Suite.

MSCI says the eight new indexes are designed to help investors seeking to tackle climate change by reducing their transition and physical risks, identify green opportunities, and align their investment strategies with the 1.5-degree warming scenario as targeted by the Paris Agreement.

Using insights from MSCI’s Climate Risk Center, the indexes include climate data from MSCI’s Climate Value-at-Risk (Climate VaR) tool, scope 3 emissions data, and green revenues. The indexes incorporate the Task Force on Climate-related Financial Disclosures (TCFD) recommendations.

“Climate risks, whether physical or related to the transition to a lower carbon economy, are changing the risk-return profile of companies and industries. Extreme weather events pose new risks to companies’ assets, while carbon-intensive industries are being forced to undergo transformational change,” said Remy Briand, Head of ESG at MSCI. “MSCI has been providing investors with low carbon benchmarks for several years. Now, some of these investors are looking to deploy a climate strategy that goes beyond reducing carbon intensity.”