Low Carbon Transition Rating
Referencing the ESG Risk Rating
A Guide for Companies without a Sustainalytics ESG Risk Rating License
March 2024
Overview
At this time, companies with an ESG Risk Rating and without an ESG Risk Rating license may disclose the following information from the Sustainalytics ESG Risk Rating Report:
- ESG Risk Rating Overall Score
- ESG Risk Rating Category (i.e., Negligible Risk, Low Risk etc.)
These details can be used exclusively in a company's sustainability Report/CSR report and/or on the main Sustainability page of their website. Reference to the company ESG Risk Rating in any other document (including but not limited to press releases, social media, investor presentations, roadshow documentation, etc.) constitutes unauthorized use of Sustainalytics' intellectual property.
Therefore, without a license, further disclosure of ESG Risk Rating-related information elsewhere, will not be permitted.
In addition, reference to the company's Top-Rated Performance is limited to companies with an ESG Risk Rating license. Reference to the company Top-Rated performance without an ESG Risk Rating license, therefore, constitutes unauthorized use of Sustainalytics' intellectual property.
OR
Please allow 5 business days for the email request to be addressed.
Mandatory Provisions
The following text must appear in any document or web page upon which the ESG Risk Rating score, badge and/or logo appear.
Disclaimer Text
Note
Except as otherwise allowed in your ESG Risk Rating license contract, companies are not permitted to link to or publish any part of the Sustainalytics ESG Risk Ratings report.
Description of the ESG Risk Rating disclosure, 'Sustainalytics Rated' badge and/or logo
If your company wishes to provide a description of Sustainalytics’ ESG research and ratings, please use the following statement:
Morningstar Sustainalytics’ ESG Risk Ratings measure a company’s exposure to industry-specific material ESG risks and how well a company is managing those risks. This multi-dimensional way of measuring ESG risk combines the concepts of management and exposure to arrive at an assessment of ESG risk, i.e., a total unmanaged ESG risk score or the ESG Risk Rating, that is comparable across all industries. Sustainalytics’ ESG Risk Ratings provide a quantitative measure of unmanaged ESG risk and distinguish between five levels of risk: negligible, low, medium, high and severe. Learn more about the ESG Risk Ratings here.
Morningstar Sustainalytics company description
If your company wishes to also include a description of Sustainalytics, please use the following statement:
Sustainalytics' Company Logo and Badge
For companies without an ESG Risk Rating license, Morningstar Sustainalytics
currently offers two logos for company use:
- Sustainalytics' Company Logo
- “Sustainalytics Rated” Badge
The Sustainalytics' company logo and Sustainalytics Rated Badge can only be used in your Sustainability Report/CSR Report and on the main Sustainability page of your website. ESG Risk Rating information cannot be used for wider marketing and promotional purposes without a paid, active ESG Risk Rating license.
Reference to the company ESG Risk Rating in any other document (including but
not limited to press releases, investor presentations, roadshow documentation,
etc.) will require an ESG Risk Rating license from Sustainalytics.
Company usage of the Sustainalytics logo and/or badge images must be in full compliance with Sustainalytics’ requirements relating to Sustainalytics’ Brand Guidelines.
If the Sustainalytics logo, badge and/or brand name is used in connection with a hyperlink, the hyperlink must link to the Sustainalytics homepage www. sustainalytics.com. If requested by Sustainalytics, you must immediately
remove or modify the hyperlink. Sustainalytics retains the right to change,
suspend or shut down the Sustainalytics website at any time without prior notice.
The following text must appear in any document or web page on which the ESG Risk Rating score, Sustainalytics Rated badge and/or company logo appear:
Copyright ©<year> Sustainalytics, a Morningstar company. All rights reserved.
This [publication/ article/ section] includes information and data provided by
Sustainalytics and/or its content providers. Information provided by Sustainalytics
is not directed to or intended for use or distribution to India-based clients or users
and its distribution to Indian resident individuals or entities is not permitted.
Morningstar/Sustainalytics accepts no responsibility or liability whatsoever for the
actions of third parties in this respect. Use of such data is subject to conditions
available at https://www.sustainalytics.com/legal-disclaimers/
Company Logo
Request a company logo by emailing [email protected]
'Sustainalytics Rated' Badge
Request the badge via our company portal, the Sustainalytics Issuer Gateway or by emailing [email protected]
In both cases, please allow 5-10 business days for email requests to be addressed. By using the 'Sustainalytics Rated' badge and/or the company logo, the company agrees to the terms and conditions outlined for badge/logo usage.
Important
Sustainalytics retains control of the badge image and reserves the right to terminate access and use of the badge designation and image at any time.
Contact Us
If you would like to learn more about the marketing and communications extended use cases available for ESG Risk Rating License clients, such as disclosure of peer comparison or top-rated performance, contact us here.
Opinion Services
Companies that hold an Opinion Services contract with Sustainalytics that permits external sharing (in accordance with the intended use provided in the agreement), must properly reference Sustainalytics as the ESG research provider.
Please use the following text:
Morningstar Sustainalytics is a globally recognized provider of ESG research,
ratings and data, evaluated [Issuer’s/Borrower’s name]’s Framework and the
alignment thereof with relevant industry standards and provided views on the
robustness and credibility of the Framework. In no event the [please insert the
deliverable] nor any portion thereof shall be construed as part of the offering, nor
shall be considered as an offer or advertisement to buy a security, solicitation of
votes or proxies, investment advice, expert opinion or negative assurance letter as
defined by the applicable legislation.
The information contained or reflected herein is not directed to or intended for use
or distribution to India-based clients or users and its distribution to Indian resident
individuals or entities is not permitted, and Morningstar/Sustainalytics accepts no
responsibility or liability whatsoever for the actions of third parties in this respect.
information, methodologies, data and opinions contained or reflected herein are
proprietary of Sustainalytics and/or content providers, and may be made available
to third parties only in the form and format disclosed by Sustainalytics. They are
not directed to, or intended for distribution to or use by India-based clients or users
and their distribution to Indian resident individuals or entities is not permitted.
They are provided for informational purposes only and (1) shall not be considered
as being a statement, representation, warranty or argument either in favor or
against the truthfulness, reliability or completeness of any facts or statements that
the issuer has made available to Sustainalytics for the purpose of this deliverable,
in light of the circumstances under which such facts or statements have been
presented; (2) do not constitute an endorsement of any product , project,
investment strategy or consideration of any particular environmental, social or
governance related issues as part of any investment strategy; (3) do not constitute
investment advice, financial advice, or a prospectus, nor represent an “expert
opinion” or “negative assurance letter” as these terms are commonly understood
or defined by any applicable legislation; (4) are not part of any offering and do not
constitute an offer or indication to buy or sell securities, to select a project or make
any kind of business transactions; (5) do not represent an assessment of the
issuer’s economic performance, financial obligations nor of its creditworthiness;
(6) are not a substitute for professional advice; (7) past performance is no
guarantee of future results; (8) have not been submitted to, nor received approval
from, any relevant regulatory body; (9) have not and cannot be incorporated into
any offering disclosure, unless otherwise agreed in writing.
These are based on information made available by the issuer and therefore are not
warranted as to their merchantability, completeness, accuracy, up-to-datedness or
fitness for a particular purpose Sustainalytics has not independently verified any
such information or data. The deliverables are provided “as is” and reflect
Sustainalytics` opinion at the date of their elaboration and publication.
Sustainalytics does not undertake any obligation to update or revise any of the
statements in the deliverable to reflect events, circumstances, changes in
expectations which may occur after the date of the opinion or any statements
included in the opinion. Neither Sustainalytics/Morningstar nor their content
providers accept any liability from the use of the information, data or opinions
contained herein or for actions of third parties in respect to this information, in any
manner whatsoever, except where explicitly required by law.
Sustainalytics does not assume any responsibility shall the bond default. Any
reference to content providers’ names is for appropriate acknowledgement of their
ownership and does not constitute a sponsorship or endorsement by such owner.
A list of our content providers and their respective terms of use is available on our
website. For more information, visit http://www.sustainalytics.com/legal-disclaimers.
Sustainalytics may receive compensation for its ratings, opinions and other
deliverables, from, among others, issuers, insurers, guarantors and/or underwriters
of debt securities, or investors, via different business units. Sustainalytics believes
it has put in place appropriate measures designed to safeguard the objectivity and
independence of its opinions. For more information visit Governance Documents
or contact [email protected].
Contact Us: See Appropriate Team
| Reference the ESG Risk Rating | Companies can request further information about referencing their ESG Risk Rating. Please contact the team at |
| Obtain an ESG Risk Rating License | For information on obtaining an ESG Risk Rating License to disclose company ESG scores more broadly, please contact the Support Center at |
| Sustainability Indices Data | For information regarding the data Sustainalytics uses for sustainability indices, please contact our Index Team at |
| Research Methodologies and Processes | For information on research methodologies, schedules, indicator definitions and guidance, and the research process, please contact the Issuer Relations Team, a unit of the Research group, at |