S&P Global RatingsDiscover more about S&P Global’s offerings
At the heart of the Company Assessment methodology are the Shades of Green, which reflect our opinion of the extent to which revenue streams, operational expenditures, and investments contribute to the transition to a low carbon and climate resilient future and their exposure to climate risks.
Our methodology provides a nuanced yet digestible assessment for investors by acknowledging that ‘greenness’ is not binary - investments in all Shades of Green projects are necessary to successfully achieve the Paris Agreement target of keeping global warming well below 2°C. In some cases, activities or technologies that reduce emissions in the near-term result in prolonged use of high-emitting infrastructure and an increase in net emissions in the long term. The Shades of Green methodology evaluates how well investments are aligned with a low carbon climate resilient future through a range of shading from Dark Green to Red.
Learn more about Shades of Green, formerly part of CICERO, now a part of S&P Global.
S&P Global Shades of Green, formerly part of CICERO, now a part of S&P Global, is an approved reviewer for the Nasdaq Green Equity and Nasdaq Green Equity Transition Designations and has provided stakeholder input to the development of the designation principles. In June 2021 Nasdaq launched voluntary Green Equity Designations targeting green and transition companies on Nasdaq Nordic markets. The Nasdaq Green Designations provide transparency on green credentials of a company and offer a way to follow a company’s progress over time.
Our Company Assessments evaluate alignment with the Nasdaq Green Equity and Transition Designations principles. To meet the Green Equity Designation principles, companies must have more than 50 percent of turnover from green activities and continue to invest in a majority share of green activities, in addition to providing transparency on EU Taxonomy alignment and company-level sustainability targets.