1.7.0 (11 / 2024)
Release notes for release 1.7.0.
Release notes 11/2024
Release number: 1.7.0
Release date: 27th November, 2024
Notes updated: 19th March, 2024
Current state: Latest
The most significant improvements to the Upright model compared to the previous release 1.6.0 are listed below. Latest
release 1.7.0 may receive targeted updates and fixes before it becomes stable
, at the time a new latest release is published. These release notes will be updated to reflect any significant updates. More information on releases can be found on page Release cycle.
Company and fund coverage
Fund coverage: An off-the-shelf benchmark universe of 1,000+ private equity funds will be added to the Upright platform on Tuesday 3rd of December.
Net impact
Scarce human capital & jobs impacts: To improve comparability of company results, an adjustment that fine-tunes estimated intensities for the scarce human capital and jobs impacts based on the proportion of a company's reported employee count and revenue has been removed. The change mostly affects small companies, generally lowering impact size estimates related to these impact categories and increasing the net impact ratio of small companies.
In fall of 2024, Upright is focused on a longer Net impact development project with the goal of radically improving results quality and transparency. The results of the development project will be released later on.
SFDR Principal Adverse Impacts (PAI)
Improved error detection for disclosed values: Error detection systems for disclosed PAI metrics have been improved and data points have been corrected accordingly. Affected metrics include the following PAI and EU taxonomy metrics:
Emissions to water
GHG emissions (Scope 1,2 ,3)
Hazardous waste
Non-renewable energy share
Total energy consumption
Water usage
EU taxonomy
The disclosure corrections have also been applied to results belonging to release 1.6.0
EU taxonomy
Following improvements have been included to latest 1.7.0 during December 2024 and January 2025
New EU taxonomy company disclosures have been extracted from company reports for the year 2023 and made available on the platform and via the API.
Company disclosures are available on the level of the six objectives in addition to the union of the objectives.
Company disclosures include shares of aligned revenue (or CapEx/OpEx) from transitional and enabling activities for the union of all objectives (TTOT_alignment_enabling, TTOT_alignment_transitional, TTOT_alignment_capex_enabling, etc. in the API).
CSRD double materiality assessment
Fund-level export: Fund-level DMA results can be downloaded in Excel format.
Impact reasonings: CSRD impacts feature detailed “reasonings”, i.e. more detailed explanations that clarify the connection between a product and its specific impact. These reasonings are available in the Impact Materiality module under the “Product-Level Assessment” section. To view the reasonings, select “Show Reasonings”, which will display an additional column with the reasoning text in the table below.
Improved risk and opportunity descriptions: The Financial Materiality module for CSRD has been updated with clearer and more informative descriptions of risks and opportunities. These updates also specify the risk type, such as transition or physical risk, where applicable.
New module to measure financial statement effects of risks and opportunities: The new module enables users of the Upright Platform to translate their DMA results into monetary effects across each line item in their company’s income statement, balance sheet and cash flow statement over the short-, medium- and long-term time horizons. This enables sustainability professionals to cover phased-in CSRD requirements, CFOs to understand the effects of sustainability risks and opportunities on their bottom line, and institutional investors to manage their portfolio-level risks. All DMA customers of Upright will have a chance to upgrade their subscription to include this module when their results are updated in 2025.
Please note that impact reasonings and improved risk/opportunity descriptions are included in all upcoming CSRD assessments. They are not automatically applied to previously delivered DMA results. For existing customers, these developments will be made available latest during the data updates of H1/2025.
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