{"id":7343,"date":"2022-02-23T16:33:51","date_gmt":"2022-02-23T15:33:51","guid":{"rendered":"https:\/\/www.sustainax.com\/?page_id=7343"},"modified":"2026-05-03T17:17:03","modified_gmt":"2026-05-03T15:17:03","slug":"sustainax-esg-research-methodology","status":"publish","type":"page","link":"https:\/\/www.sustainax.com\/index.php\/sustainax-esg-research-methodology\/","title":{"rendered":"sustainAX ESG research methodology"},"content":{"rendered":"\t\t
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Our ESG Research Methodology<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\u00a9 sustainAX and www.sustainax.com, 2026<\/span><\/em>. Unauthorized use and\/or duplication of this material without express and written permission from this site\u2019s author and\/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to sustainAX and www.sustainax.com with appropriate and specific direction to the original content.<\/span><\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Approach<\/strong><\/p>

Our ESG research methodology is based on one Framework and two dimensions, ESG Research Scope and ESG Rating<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Framework<\/em><\/strong><\/p>

We only base our ESG research on PUBLIC INFORMATION<\/strong><\/span>, i.e. annual reports, sustainability\/CSR reports, official websites only. Why? Because this is information that commits strongly the companies. Therefore it is important that the companies are explicit about ESG related information. New information is only taken into account when published through these official channels.<\/p>

We are INDEPENDENT<\/strong><\/span>, this means we do our research and conclusions without being influenced by either companies or investors.<\/p>

We are CERTIFIED<\/strong><\/span>, our analysts are certified through the EFFAS CESGA program.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Dimension – ESG\u00a0Research\u00a0Scope<\/i><\/strong><\/p>

In the initial work we seek to UNDERSTAND THE COMPANY INCLUDING THE SECTOR(S)<\/strong><\/span> they operate in and where they operate. This gives a rough guideline on the INHERENT ESG RISKS<\/strong><\/span> the company is exposed to. Combined with work on the GLOBAL MEGA TRENDS<\/strong><\/span> we IDENTIFY THE MATERIAL ESG FACTORS<\/strong><\/span> for the company. Going deeper into the company ESG research this is finetuned and we research HOW THE COMPANY HAS ADDRESSED THE MATERIAL ESG FACTORS<\/strong><\/span> and also other ESG factors. Our research then targets to IDENTIFY THE RESIDUAL ESG RISKS<\/strong><\/span> of the company that forms the base of our ESG RESEARCH CONCLUSION<\/strong><\/span>.\u00a0In addition to this we also include many elements relative to EU regulation like SFDR (including PAI data) and EU Taxonomy.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Metholology update (version 8) <\/strong>– New in 2026 is mainly increased materiality for GHG intensity to the expense of nominal GHG emissions. See version update explanation here!<\/a><\/strong><\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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See more about our ESG risk research processes here!<\/span><\/a><\/strong><\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Dimension<\/i> – ESG Rating<\/i><\/p>

We RATE COMPANIES ON ESG, E, S and G<\/strong><\/span> based on rates we set on up to\u00a0169 DIFFERENT METRICS (V7, March 2025) <\/strong><\/span>where the selection depends on the relevant sector.<\/p>

Our ESG ratings are absolute, but when we publish sector reports, we can also publish relative ratings to the group of companies researched for the specific sector report.<\/p>

Our ESG ratings focus on MATERIAL ESG RISK FACTORS<\/span><\/strong><\/span>, that is they carry the most weight. This is differing on sector levels.<\/p>

All research will have a small degree of subjectivity, the analyst doing the ESG research report will have a personal style, but we minimise this by ensuring our analysts have the CESGA FROM EFFAS<\/strong><\/span>. We have also developed an ESG RESEARCH METHODOLOGY <\/strong><\/span>with clear guidance that is used for all ESG research in the name of sustainAX.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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See more about our ESG risk rating processes here!<\/span><\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Certified ESG Analysts by EFFAS<\/em><\/strong><\/p>

With certified ESG analyst qualification, we conduct ESG analysis of smaller, non-listed and private Nordic companies. Our analysts are certified through EFFAS’ CESGA.\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Our ESG Research Methodology \u00a9 sustainAX and www.sustainax.com, 2026. Unauthorized use and\/or duplication of this material without express and written permission from this site\u2019s author and\/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to sustainAX and www.sustainax.com with appropriate and specific direction to the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-7343","page","type-page","status-publish","hentry"],"yoast_head":"\nsustainAX ESG research methodology - SustainAX<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sustainax.com\/index.php\/sustainax-esg-research-methodology\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"sustainAX ESG research methodology - SustainAX\" \/>\n<meta property=\"og:description\" content=\"Our ESG Research Methodology \u00a9 sustainAX and www.sustainax.com, 2026. 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