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Carbon-Footprint Attribution for Total Portfolio

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Carbon-Footprint Attribution for Total Portfolio

Feb 19, 2025

Understanding what drives a portfolio’s carbon footprint over time is essential for investors managing climate risks and aligning with sustainability goals. Carbon-footprint attribution helps disentangle the effects of real-world decarbonization, investment decisions and financial changes, providing clarity on emission trends.

In this paper, we propose a unified framework for carbon-footprint attribution tailored for all asset classes covered by the MSCI Total Portfolio Footprinting product. Leveraging MSCI’s robust data and multi-asset-class modeling, this approach delivers actionable insights, helping investors set informed targets, conduct scenario analyses and strategically manage their portfolio’s climate impact while complying with evolving regulatory standards.

The drivers of financed emissions — a multi-asset class portfolio example


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Research authors

  • Xinxin Wang, Executive Director, MSCI Research
  • Zoltán Nagy, Executive Director, MSCI Research

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