Introduction
In our ongoing commitment to enhance and refine our Thematic ESG flag hierarchy, we have undertaken improvements to the existing structure. This has involved adding, retiring, or renaming certain flags, resulting in the correction and enhancement of 21 flags.
3 new themes
Tar Sands:
Companies that engage in tar sands and synthetic crude oil upstream operations.
Net Zero & Science Based Climate Targets:
Issuers which has not committed to Science Based Climate Targets.
Science Based Targets Removed:
Companies which have failed to set Science Based Targets within 24 months after commitment.
14 theme renamed
Climate Risk Assessment Available (Deforestation-linked Commodities):
Companies which have made available an assessment of climate risks potentially affecting their business.
Previously Climate Risk Assessment Available
GHG Emissions Reduction Targets On Track or Met (Deforestation-linked Commodities):
Companies which report progress towards meeting, or have already met, their GHG emissions targets.
Previously GHG Emissions Reduction Targets On Track or Met
High Government Revenue (excl. Grants):
Low and middle-income countries with high government revenue (excluding grants).
Previously High Govt Revenue (excl. Grants)
Methane Capture in Own Operations (Deforestation-linked Commodities):
Methane-emitting companies using methane capture technologies across their operations.
Previously Methane Capture in Own Operations
No Climate Risk Assessment Available (Deforestation-linked Commodities):
Companies for which a publicly available assessment of climate risks was not found.
Previously No Climate Risk Assessment Available
No Methane Capture in Own Operations (Deforestation-linked Commodities):
Methane-emitting companies which do not use methane capture technologies across their operations.
Previously No Methane Capture in Own Operations
GMO Activities:
Companies engaged in genetics and genomics, as well as plant & animal breeding and DNA testing for agriculture.
Previously GMO
Low Transparency - Governance of Bribery & Corruption (Deforestation-linked Commodities):
Companies producing forest-risk commodities, which lack transparent disclosures on their governance of bribery and corruption-related issues.
Previously Low Transparency (Governance of Bribery & Corruption)
No Commitment Against Bribery & Corruption in Own Operations (Deforestation-linked Commodities):
Companies producing forest-risk commodities, which have no policy statements against bribery and corruption across their operations.
Previously No Commitment Against Bribery & Corruption in Own Operations
No Commitment Against Bribery & Corruption in Supply Chain (Deforestation-linked Commodities):
Companies producing forest-risk commodities, which have no policies against bribery and corruption in their supply chains.
Previously No Commitment Against Bribery & Corruption in Supply Chain
No Commitment to Reduce Emissions (Deforestation-linked Commodities):
Companies without time-bound commitments to reduce the carbon intensity across their value chain.
Previously No Commitment to Reduce Emissions
Not Meeting GHG Emissions Reduction Targets (Deforestation-linked Commodities):
Companies not meeting their GHG emissions targets, or disclosing outdated, insufficient, or no data on their progress.
Previously Not Meeting GHG Emissions Reduction Targets
Adult Entertainment - Media and Publishing:
Companies producing, distributing and/or exhibiting erotic online content.
Previously Adult Entertainment Online
Adult Entertainment - Physical:
Companies with revenue generating activities related to stripclubs and other adult entertainment venues.
Previously Adult Entertainment Physical
1 theme retired
Bribery & Corruption is no longer available:
Countries resilient to bribery and corruption.