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  • 💡Background
    • Why net impact?
    • Related frameworks
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    • Net impact
    • UN SDG alignment
    • SFDR Principal Adverse Impacts
    • EU taxonomy
  • 🌍Coverage
    • Off-the-shelf coverage
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  • 🧮Methodology
    • Net impact
      • Overview of the Upright net impact model
        • Extraction of causal links from scientific literature
        • Generalization of scientific knowledge
        • Allocation of impact across value chains
        • Estimation of company product mixes
      • Weighting of impacts
        • IOOI analysis -based monetization
        • Market-price-based monetization
        • Opportunity-cost-based monetization
      • Illustrative example in a simplified economy
        • Appendix: Primer in hierarchical Bayesian inference and Poisson-Gamma models
      • Data sources
    • UN SDG alignment
    • SFDR Principal Adverse Impacts
    • EU taxonomy
    • CSRD Double materiality
  • 📅Releases
    • Release cycle
    • Release notes
      • 1.8.0 (04 / 2025)
      • 1.7.0 (11 / 2024)
      • 1.6.0 (09 / 2024)
      • 1.5.0 (06 / 2024)
      • 1.4.0 (03 / 2024)
      • 1.3.0 (12 / 2023)
      • 1.2.0 (09 / 2023)
      • 1.1.0 (06 / 2023)
      • 1.0.0 (04 / 2023)
      • 0.8.0 (03 / 2023)
      • 0.7.100 (01 / 2023)
      • 0.7.0 (12 / 2022)
      • 0.6.0 (10 / 2022)
      • 0.5.0 (06 / 2022)
      • 0.4.0 (03 / 2022)
  • 💻API
    • Authentication
    • API reference
  • 📗Appendix
    • The Upright net impact framework
    • Illustrative example of attribute-only-once
    • Differences of net impact results and company disclosures
    • Indicative guidelines for classifying investments in line with SFDR
      • Example description of DNSH in pre-contractual disclosures
      • Example description of net impact metrics based indicators in pre-contractual disclosures
      • Old Indicative guidelines for SFDR classification using classic scores
    • Upright data notice
    • NFRD status metadata
    • Communicating Upright's data – Corporates
    • Communicating Upright's data – Investors
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On this page
  • The SFDR Principal Adverse Impacts indicators
  • Upright's PAI indicator data
  • PAI indicator data in the Upright API

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  1. Metrics

SFDR Principal Adverse Impacts

This page describes Upright's SFDR Principal Adverse Impact (PAI) indicator metrics.

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Last updated 15 days ago

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This document describes what SFDR PAI metrics Upright provides. Upright's methodology on producing PAI metrics is detailed.

The SFDR Principal Adverse Impacts indicators

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's PAI indicator data

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)*

Is the lack of a policy a reported value?

Companies never directly report a lack of a human rights or anti-bribery/anti-corruption policy. Upright infers the lack of such a policy when a company's recent annual and/or sustainability reports do not state the existence of such policies.

As they are not directly reported, they are marked in the Upright API and the Upright Platform as "Upright modelled estimates", despite them being based on company reporting.

If not enough sufficiently recent reporting for making such is available, Upright does not provide any value for these indicators.

Indicators for sovereigns, supranationals or real estate assets, or portfolio-level aggregation of indicators are not currently supported.

PAI indicator data in the Upright API

In addition to the Upright Platform UI, all metrics listed above are available from the endpoint in the Upright API.

📊
here
EU regulation 2019/2088
Level 2 Regulatory Technical Standards
within its coverage
regulatory metrics