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In order to compare greenhouse gas emissions among issuers, differences between the issuers have to be taken into account, i.e. greenhouse gas emissions have to be normalised. For countries and companies, a common approach is to normalise greenhouse gas emissions (reflected in the metric carbon emission absolute) by a country’s nominal gross domestic product (GDP) and a company’s sales, respectively. The resulting metric is called carbon intensity.
MSCI ESG Research LLC provides the carbon intensity on country level as
carbon intensity gov
country nominal GDP
and on company level covering Scope 1 and 2 greenhouse gas emissions as
carbon intensity corp
Further information can be found at www.msci.com/index-carbon-footprint-metrics.