The bands help to underscore the underlying uncertainty in the calculations and the variability of the metric.

As a result, BlackRock publishes MSCI’s ITR metric for its funds in temperature range bands. A summary explanation of MSCI’s methodology and assumptions for its ITR metric can be found here.īecause the ITR metric is calculated in part by considering the potential for a company within the fund’s portfolio to reduce its emissions over time, it is forward-looking and prone to limitations. Note, only corporate issuers are covered within the calculation. If emissions in the global economy followed the same trend as the emissions of companies within the fund's portfolio, global temperatures would ultimately rise within this band. The ITR metric is calculated by looking at the current emissions intensity of companies within the fund's portfolio as well as the potential for those companies to reduce its emissions over time. A net zero emissions economy is one that balances emissions and removals. Scientific consensus suggests that reducing emissions until they reach net zero around mid-century (2050-2070) is how this goal could be met. The ITR metric is used to provide an indication of alignment to the temperature goal of the Paris Agreement for a company or a portfolio. The temperature goal of the Paris Agreement is to limit global warming to well below 2☌ above pre-industrial levels, and ideally 1.5 ☌, which will help us avoid the most severe impacts of climate change. To address climate change, many of the world's major countries have signed the Paris Agreement. What is the Implied Temperature Rise (ITR) metric? Learn what the metric means, how it is calculated, and about the assumptions and limitations for this forward-looking climate-related metric.Ĭlimate change is one of the greatest challenges in human history and will have profound implications for investors. Review the MSCI methodologies behind Sustainability Characteristics using the links below. For more information regarding the fund's investment strategy, please see the fund's prospectus. The metrics do not change the fund’s investment objective or constrain the fund’s investable universe, and there is no indication that a sustainable, impact or ESG investment strategy will be adopted by the fund. This fund does not seek to follow a sustainable, impact or ESG investment strategy. Sustainability Characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund. They are provided for transparency and for information purposes only. Sustainability Characteristics do not provide an indication of current or future performance nor do they represent the potential risk and reward profile of a fund. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social and governance characteristics. Information on these programs is located on the respective WIOA partner agency websites below.Sustainability Characteristics provide investors with specific non-traditional metrics. Departments of Education (ED) and Health and Human Services (HHS), collaborated to provide information and resources for states, local areas, non-profits and other grantees, and other stakeholders. Department of Labor (DOL), in coordination with federal partners at the U.S. Additionally, WIOA promotes accountability and transparency through negotiated performance goals that are publicly available, fosters regional collaboration within states through local workforce areas, and improves the American Job Center system. WIOA requires states to strategically align their core workforce development programs to coordinate the needs of both job seekers and employers through combined four-year state plans with greater flexibility than its predecessor program (WIA). Congress passed the Act with a wide bipartisan majority it is the first legislative reform of the public workforce system since 1998. WIOA is designed to help j ob seekers access employment, education, training, and support services to succeed in the labor market and to match employers with the skilled workers they need to compete in the global economy. The Workforce Innovation and Opportunity Act (WIOA) was signed into law on July 22, 2014. ETA published guidance on increasing equitable service access and employment outcomes for all job seekersĮTA publishes information on PY 2023 AllotmentsĮTA publishes guidance and planning information on WIOA Title I Youth Formula funds

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