About Us

We are proud to announce that Trove Research is now part of MSCI. Together we will bring transparency to carbon markets and promote greater clarity and consistency for investors and companies across industries.


Our history

Trove Research builds on 30 years’ experience across financial services and carbon markets, combining deep sector knowledge with proprietary data and cutting-edge models. The company was founded by Guy Turner in 2015 with the aim of providing new ways of thinking about investing in sustainable assets, but since 2020 has focussed exclusively on tracking corporate climate commitments and providing unique insights into the voluntary carbon credit market. Guy was previously a consultant to governments and large companies on climate and energy policies, a founder of New Energy Finance and Chief Economist of Bloomberg NEF.

We launched our market-leading MSCI Carbon Markets platform in September 2021. The company is a world-renowned source of intelligence on corporate climate commitments and the voluntary carbon market. Trove Research has grown rapidly, and now has over 80 staff spread across offices in three continents.

On 1 November 2023, MSCI Inc. (NYSE: MSCI), a leading provider of mission-critical decision support tools and services for the global investment community, acquired Trove Research, and Trove Research became known as MSCI Carbon Markets. Click here to read more.

What we do

We are a data and analysis firm focused on tracking and assessing corporate climate commitments and all aspects of the voluntary carbon market. We provide the data and intelligence needed by a wide range of users from asset-owners and fund managers that need to understand the commitments companies are making, to the companies that are currently or intending to purchase carbon credits, to the developers and investors that create the projects on the ground and raise finance through the sale of carbon credits.

The MSCI Carbon Markets platform helps clients make better climate-related decisions by understanding:

  1. Which companies have set climate targets, how many carbon credits they are buying and how many they will need in the future.
  2. The price of carbon credits today and how prices have changed.
  3. The types of carbon credits being created and used today and how this will change in the future.
  4. Which credits have highest integrity and most protection from reputational risk.
  5. How new policies and guidance will affect corporate climate commitments and the use of carbon credits.
  6. How the price of carbon credits may change in the future.

Our values

Trove’s founding purpose was to use data and analysis to help direct capital to where it has the greatest benefit for society and the environment. We aim to deliver on its purpose by becoming the world’s leading provider of corporate climate and carbon market intelligence services. Our services bring important transparency to the market including corporates, financial institutions and governments, enabling more effective and efficient investment / trading decisions. This aim is supported by seven core values that drive what we do on both a day-to-day and long-term basis.

Our values are:

  • Quality in everything we do – We are passionate about supporting society and the environment through the delivery of exceptional quality data and analysis. We continually strive to improve the quality of our services.
  • Objectivity and independence – Our data and analysis are always objective, transparent, evidence-based and free from external influences.
  • Thought-leadership & innovation – We push the boundaries of insight in our market. We take responsibility for delivering new ideas and smarter ways of helping customers.
  • Open collaboration and communication – We willingly collaborate with colleagues and external parties, communicating clearly and openly. We respect and listen to the views of our clients, colleagues and other stakeholders, and learn from those with alternative views.
  • Diversity and inclusion – We reward and support all contributions, irrespective of gender, nationality, ethnicity, religion, sexual orientation or social background. We recognise the value that a diverse range of perspectives brings to our work and strive to create a culture where all can belong and contribute.
  • Practice what we preach – We aspire to lead-by-example, as good corporate and environmental citizens. We support the well-being of our colleagues and try to minimise and offset our own carbon footprint.
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