Co-branded as "Barclays MSCI", the indices include more than 500 standard and bespoke indices and will be separately marketed by both companies.

Divided into three categories, including Socially Responsible (SRI) Indices, Sustainability Indices and ESG Weighted Indices, the indices are suitable for universal owners whose investment strategies express that ESG factors will have some impact on their investments.

Plugging a critical gap by providing asset owners and managers with ESG commitments, these indices will allow institutional investors to build index-linked investment products, including exchange traded funds (ETFs), separately managed accounts, and structured products.

Barclays portfolio and risk solutions index head Waqas Samad said that the Barclays MSCI ESG indices will expand their family of index products to meet the evolving needs of fixed income investors.

MSCI index business head Baer Pettit commented, "The new indices provide ESG investors with fixed income assets tools to support their asset allocation decisions, benchmark performance, conduct attribution analysis as well as the ability to offer active and passive funds."

With an employee base of 140,000, the bank offers personal banking, credit cards, corporate and investment banking and wealth and investment management services in 50 countries, globally.