MSCI Limited

MSCI

MSCI Limited provides investment support tools, indexes, and sustainability data to global investors.

Lobbying Activity

MSCI calls for global standards in EU Taxonomy review

28 Nov 2025
Message — MSCI proposes replacing specific EU legislative provisions with globally recognised standards. This would simplify requirements that are currently difficult to put into practice.12
Why — Using international standards would lower compliance costs and improve global scalability.3

Meeting with Gabriela Tschirkova (Cabinet of Commissioner Valdis Dombrovskis)

19 Nov 2025 · Topic Commercial Real Estate Statistics

Meeting with Sven Gentner (Head of Unit Financial Stability, Financial Services and Capital Markets Union)

4 Nov 2025 · Update on ESG Rating Regulation and ESG Data Landscape

Meeting with Didier Millerot (Head of Unit Financial Stability, Financial Services and Capital Markets Union)

11 Sept 2025 · Discuss key sustainable finance updates and hear MSCI’s insights

Meeting with Cristina Dias (Cabinet of Commissioner Maria Luís Albuquerque), Elena Arveras (Cabinet of Commissioner Maria Luís Albuquerque)

2 Jul 2025 · Introduction of MSCI and its activities, and EU Sustainable Finance framework

Meeting with Alexandra Jour-Schroeder (Deputy Director-General Financial Stability, Financial Services and Capital Markets Union)

2 Jul 2025 · Benchmark Regulation

Meeting with Pascal Canfin (Member of the European Parliament, Shadow rapporteur)

2 Jul 2025 · Omnibus I

MSCI Urges Targeted Reforms Rather Than SFDR Redesign

30 May 2025
Message — MSCI recommends targeted improvements instead of a total redesign to protect previous resource investments. They argue the current flexible definition of sustainable investment should be maintained to support climate transition projects. Finally, they request that data estimates be explicitly permitted to fill corporate reporting gaps.123
Why — Maintaining the status quo avoids making MSCI’s significant compliance and data investments redundant.45
Impact — Retail investors may face increased volatility and concentration risks if investment definitions are narrowed.6

Meeting with Alessandra Sgobbi (Head of Unit Climate Action)

10 Apr 2025 · Discussion on ESG/sustainable finance

Meeting with Sirpa Pietikäinen (Member of the European Parliament)

10 Apr 2025 · Financing the energy transition

MSCI backs simpler reporting but opposes narrowing Taxonomy scope

26 Mar 2025
Message — MSCI supports reducing data points to indicators most relevant for investors and simplifying templates. They strongly oppose narrowing reporting requirements to only large companies with over 1,000 employees. Additionally, they advocate for aligning environmental criteria with international technical standards.123
Why — These measures would ensure MSCI provides clear and comparable data to investors.45
Impact — Banks lose a credible benchmark as excluding smaller clients undermines green asset ratios.6

Response to Savings and Investments Union

7 Mar 2025

MSCI welcomes the European Commissions Savings and Investment Union (SIU) initiative and supports efforts to strengthen EU capital markets and ensure proportionate regulation. A deep and liquid capital market, comprising both public and private funding sources, is essential for efficient capital allocation, financing the climate transition and economic growth. Indexes play an important role in market efficiency, empowering investment strategies. They support national, regional and cross-border investment, and help facilitate investment in smaller markets (e.g., the MSCI Baltic Index). Sector-specific and sustainable finance indexes (e.g., Aerospace & Defense and climate transition benchmarks) also help investors measure performance of companies aligned with their investment priorities. Where there is a legislative framework that labels specific benchmarks, such as the Climate Transition Benchmarks (CTB) and Paris-Aligned Benchmarks (PAB) it is important that the framework remains relevant. Currently, these frameworks are facing headwinds, including portfolio concentration and high turnover, leading to tracking errors and increasing costs for investors. Introducing flexibility in the trajectory of decarbonisation targets is an example of how these frameworks could be restructured to improve long-term feasibility. Finally, MSCI supports the Commissions proposals to streamline sustainability reporting under the CSRD, CS3D and EU Taxonomy (i.e., Omnibus I Simplification Package or Omnibus I). Simplification should be achieved without limiting access to high-quality sustainability data, which supports efficient transition financing and portfolio climate risk management. The most effective route to reducing compliance burden on companies would be through a review of ESRS and limiting the number of required data disclosures. The attached document sets out the points above in more detail.
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Meeting with Helene Bussieres (Head of Unit Financial Stability, Financial Services and Capital Markets Union)

19 Feb 2025 · Sustainable Finance

Meeting with Tatyana Panova (Head of Unit Financial Stability, Financial Services and Capital Markets Union) and FTI Consulting Belgium and

21 Jan 2025 · Benchmark Regulation

Meeting with Antonio López-Istúriz White (Member of the European Parliament, Shadow rapporteur)

8 Oct 2024 · EU BMR

Meeting with Gilles Boyer (Member of the European Parliament, Shadow rapporteur)

7 Oct 2024 · Benchmarks Regulation

Meeting with Florian Denis (Cabinet of Commissioner Mairead Mcguinness)

15 Mar 2024 · EU Benchmark regulation review

Response to Review of the scope and third-country regime of the Benchmark Regulation

22 Jan 2024

MSCI welcomes the review of the European Union Benchmark Regulation (BMR) 2 by the European Commission (the Commission) and its broader efforts to enable the long-term competitiveness of the European Union (EU). We support the Commissions proposal to amend the BMR and to reduce the administrative and regulatory burden imposed both on benchmark users and benchmark administrators without undermining related investor protection policy objectives of BMR. In the attached submission, we set out our primary observations on the review of the BMR and offer targeted recommendations to further enhance the Proposal.
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Meeting with Gilles Boyer (Member of the European Parliament, Shadow rapporteur)

19 Dec 2023 · BMR

Meeting with Jonás Fernández (Member of the European Parliament, Rapporteur) and Euronext

19 Dec 2023 · Benchmark Regulation

Meeting with Rasmus Andresen (Member of the European Parliament, Shadow rapporteur) and Insurance Europe and

12 Oct 2023 · ESG

Meeting with Dorien Rookmaker (Member of the European Parliament, Shadow rapporteur)

9 Oct 2023 · ESG ratings

Meeting with José Manuel García-Margallo Y Marfil (Member of the European Parliament, Shadow rapporteur)

6 Oct 2023 · ESG

Meeting with Aurore Lalucq (Member of the European Parliament, Rapporteur)

6 Sept 2023 · ESG rating

MSCI Demands Stronger Protections for Proprietary ESG Rating Models

1 Sept 2023
Message — MSCI requests excluding raw ESG data from regulation to avoid an overly broad framework. They seek to remove requirements to disclose proprietary models and cost-based fee structures. Finally, they propose extending the implementation timeline to 18 months.123
Why — They would protect trade secrets and avoid strict caps on their service fees.4
Impact — Public users lose access to detailed information regarding the providers' underlying cost structures.5

Meeting with Florian Denis (Cabinet of Commissioner Mairead Mcguinness), Katherine Power (Cabinet of Commissioner Mairead Mcguinness)

13 Apr 2023 · Benchmarks and sustainable finance

Meeting with Pascal Canfin (Member of the European Parliament)

9 Dec 2021 · Green Deal

Response to Minimum standards for benchmarks labelled as EU Climate Transition and EU Paris-aligned Benchmarks

6 May 2020

We appreciate the opportunity given to comment on the SUSTAINABLE FINANCE – MINIMUM STANDARDS FOR CLIMATE BENCHMARKS. The comments are attached as a separate document.
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Response to References to ESG factors enabling market participants to make well-informed choices

6 May 2020

We appreciate the opportunity given to comment on the SUSTAINABLE FINANCE – ESG CRITERIA [BENCHMARKS]. The feedback is attached as a separate document.
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