什麼是 MSCI？ MSCI 是 Morgan Stanley Capital International 的縮寫

2019 ESG trends to watch

Waste: the other trade war.
廢棄物: 另一種的貿易戰

“Unless we take action, there will be more plastic [in the ocean] than fish by 2050.”- UN environmental programme.
除非我們採取行動，否則在2050年時海洋中的塑膠會比魚還多-聯合國環境計劃署。

The global trade war in waist marches on, plastic on the front lines.
關於廢棄物的全球貿易戰持續著，而塑膠是位於前線的物品。

The conflict was sparked by China's decision to stop accepting plastics and 23 other kinds of solid waste starting in 2018.But the trash had to go somewhere.Increased  imports of trash
這場衝突是由於中國決定從2018年開始停止接收塑料和其他23種固體廢物而引發的。但這些垃圾需要被容納，垃圾進口量增加。

By June of 2018 plastic trash imports had increased significantly.Meanwhile some trash exporting countries moved to curb ways of production.
截至2018年6月，塑料垃圾進口量大幅增加。與此同時，一些垃圾出口國採取措施遏制垃圾生產。

340% increase in earnings calls mentioning  “plastic waste” in 2018 VS. 2017
2017年和2018年相比，提到「塑料廢物」的談話增加340％。

Companies have noticed as evidenced by increased prominence and shareholder conversations.
公司已經注意到了這些證據，並且積極與股東對話。

Percentage of companies exposed  to plastic-related rubbbish.
接觸塑料相關垃圾的公司所佔百分比。

The fast food chain soft drinks and packaging sectors could be affected of course.But also less obvious ones including agricultural products and office services and supplies. 
快餐連鎖店、飲料和包裝行業當然會受到影響。但也有不那麼明顯的產業被影響，包括農產品和辦公服務和用品。

Companies providing innovative waste reduction solutions have already seen increased revenue.More winners and losers will emerge.
提供創新減廢解決方案的公司已經看到了增加的收入，將出現更多的贏家和輸家。

The information contained herein ( the “information”) may not be reproduced or redisseminated in whole or in part without prior written permission from MSCI.
未經MSCI事先書面許可，不得複製或重新傳播此處包含的信息（“信息”）的全部或部分內容。

The information may not be used to verify or correct other data, to create any derivative works, to create indexes, risk models, or analytics, or in connection with issuing, offering, sponsoring, managing or marketing any securities, portfolios, financial products or other investment vehicles.
該信息不得用於驗證或更正其他數據，創建任何衍生作品，創建索引，風險模型或分析，或與發行，提供，贊助，管理或營銷任何證券，投資組合，金融產品或 其他投資工具。

Historical data and analysis should not be taken as an indication or guarantee of any future performance, analysis, forecast or prediction.
不應將歷史數據和分析視為未來任何表現，分析，預測或預測的指示或保證。

None of the information or MSCI index or other product or service constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy.
所有信息或MSCI指數或其他產品或服務均不構成任何證券，金融工具或產品或交易策略的買賣或促銷或推薦。

Further, none of the information or any MSCI index is intended to constitute investment advice or a recommendation to make ( or refrain from making) any kind of investment decision and may not be relied on as such.
此外，所有信息或任何MSCI指數均不構成投資建議或建議（或不做出）任何類型的投資決策，並且可能不依賴於此類投資決策。

The information is provided “as is” and the user of the information assumes the entire risk of any use it may make or permit to be made of the information.
該信息“按原樣”提供，並且該信息的用戶承擔其可能做出或允許對該信息進行任何使用的全部風險。

None of MSCI INC.

Or any of its subsidiaries or its or their direct or indirect suppliers or any third party involved in making or compiling.
或其任何子公司或其或其直接或間接供應商或參與製作或編制的任何第三方。

The information (each, an “information provider”) makes any warranties or representations and, to the maximum extent permitted.
 信息（每個，“信息提供者”）作出任何保證或陳述，並在最大允許範圍內。

By law, each information provider hereby expressly disclaims all impliedwarranties, including
warranties of merchantability and fitness for a particular purpose.
根據法律規定，每個信息提供者在此明確否認所有隱含保證，包括適銷性和適用於特定用途的保證。

Without limiting any of the foregoing and to the maximum extent permitted by law, in no event shall any of the information providers have any liability.
在不限制上述任何內容的情況下，在法律允許的最大範圍內，任何信息提供者均不承擔任何責任。

Regarding any of the information for any direct, indirect, special, punitive, consequential (including lost profits) or any other damages even if notified of the possibility of such damages.
關於任何直接，間接，特殊，懲罰性，後果性（包括利潤損失）或任何其他損害的任何信息，即使被告知可能發生此類損害。

The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited. 
上述規定不排除或限制適用法律未排除或限制的任何責任。

Copyright Announcement: The above videos are  from the official Youtube channel of the organization. MSCI ESG Trends 2019 hhttps://www.youtube.com/user/IGIndexSpreadBetting . The videos we selected are all publicly available on the official channel, and we do not own the copyright of these videos. Our work on Chinese translation for this film is free for the 1.2 billion audiences in Mandarin Chinese around the world to watch and learn SDGs and SROI advertising campaigns.