Topics of proactive feedback (# of submitted data points ‘000)

Just over one-fifth (21%) of overall feedback from companies concerned data tied to risks associated with human capital (think labor management, employee turnover or health & safety), while roughly 12% focused on datapoints covering varied facets of corporate governance, our analysis shows.[1]

[1]The maximum number of data points collected by MSCI that each company can verify varies by topic and the combination of products for which the company meets our product-specific coverage criteria. Roughly 3,800 issuers submitting 36,300 data points on climate change, for example, translates to about 9 data points per issuer (see chart).

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Source: MSCI ESG Research, based on data points submitted each calendar year by companies in the MSCI ACWI IMI Index, which captures large-, mid- and small-cap listed companies across 23 developed-market and 27 emerging-market countries. With 8,390 constituents, the index covers approximately 99% of the global equity investment opportunity set, as of April 30, 2025.