SFDR Principal Adverse Impacts
This page describes Upright's SFDR Principal Adverse Impact (PAI) indicator metrics.
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This page describes Upright's SFDR Principal Adverse Impact (PAI) indicator metrics.
Last updated
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Principal Adverse Impact indicators (PAI indicators) are metrics introduced in the EU Sustainable Finance Disclosure Regulation (SFDR, formally ). Investors need to periodically assess and disclose information about the investee companies' principal adverse impacts, as defined by the indicators.
The objective of the disclosure requirement is to combat greenwashing by establishing set metrics along which investors need to disclose information. This reduces the potential to cherrypick convenient metrics and improves comparability between market participants.
PAI indicators are defined in the of the SFDR. They are split into 18 mandatory and 46 optional indicators, where investors are required to report on all mandatory and some optional indicators. Most indicators are related to investee companies, but both mandatory and optional indicators also include indicators relevant to investments in sovereigns, supranationals and real estate assets.
Upright provides data for all mandatory Principal Adverse Impact indicators defined for companies in the SFDR Technical Standards, for all companies .
The provided indicators are based on direct company disclosures when they are available. When direct disclosures are not available, Upright provides estimated figures, except for the three optional PAI indicators marked with an asterisk (*) in the list below. Estimated figures are indicated in both the Upright Platform UI and API.
Supported indicators include:
Scope 1, 2 and 3 GHG emissions
Carbon footprint (separately for only Scope 1 and 2, as well as including scope 3)
GHG intensity (separately for only Scope 1 and 2, as well as including scope 3)
Fossil fuel sector activity
Non-renewable energy share (excluding production of energy)
Energy consumption by high impact climate sector (separately as High impact climate sector, Total energy consumption and Energy consumption intensity)
Activities negatively affecting biodiversity-sensitive areas
Emissions to water
Hazardous waste
UNGC/OECD norm violations
UNGC/OECD compliance mechanisms
Unadjusted gender pay gap
Board gender diversity
Involvement in controversial weapons
Production of chemicals (optional indicator)
Lack of human rights policy (optional indicator)*
Lack of anti-bribery/anti-corruption policy (optional indicator)*
Water usage (optional indicator)*
Indicators for sovereigns, supranationals or real estate assets, or portfolio-level aggregation of indicators are not currently supported.
In addition to the Upright Platform UI, all metrics listed above are available from the endpoint in the Upright API.