S&P Global Sustainable1
S&P Global SFDR Sustainable Investment Framework
Notice of Methodology Enhancements
August 2024
The S&P Global Sustainable1 SFDR Sustainable Investment Framework is a comprehensive dataset
designed to help financial market participants comply with the Markets in Financial Instruments
Directive (MiFID II) and the Sustainable Finance Disclosure Regulation (SFDR). It provides a detailed
assessment of companies within portfolios or indices, determining their sustainability as per theSFDR definition of Sustainable Investment.
This notice describes the methodology enhancements that are currently under review and that S&P
Global Sustainable1 intends to incorporate in the Q4 2024 release. The methodology updates
contained in this notice may be subject to change. The purpose of this notification is to ensure we
maintain transparency in our methodological process and decisions with the market. The full release
will be accompanied by a detailed methodology report describing the data sources, methods andassumptions used in the analysis, and a release note describing the impact of the methodology
changes on the dataset.
Methodology Enhancements under Review
The following table describes the methodology enhancements that are under review and being
considered for the Q4 2024 Sustainable1 SFDR Sustainable Investment Framework release, theexpected impact on the dataset, and the intended benefit of these enhancements for clients. The
enhancements described below may be subject to change and the related expected impact may also
differ from what has been described below as these updates are yet to be implemented and are underreview.
Enhancement
Name

Enhancement Description

Client Benefit

Expected Impact on Sustainable
Investment Framework

Paris Aligned
BenchmarkflagThe dataset will
incorporate a new metricindicating whether acompany has met the Paris
Aligned Benchmark (PAB)
minimum exclusion criteria
as per Article 12 ofCommission DelegatedRegulation (EU) 2020/1818.

Users/subscribers
to this dataset will
be able to gather
more information
about companies intheir product andassess whether
they pass or fail theminimum criteria
for PAB indexedproducts

There is no impact on the current
Sustainable Investment methodology as
the inclusion of the new indicators isindependent of the Sustainable
Investment Framework.

Users/subscribers
to this dataset will
be able to gather

There is no impact on the current
Sustainable Investment methodology as
the inclusion of the new indicators isIn addition to this metric, theusers/subscribers to thisdataset will be able to accessthe underlying components
which indicate why acompany is passing or
failing the test.
ClimateTransition

The dataset will
incorporate a new metricindicating whether aBenchmark
flag

company has met theClimate Transition
Benchmark (CTB) minimum
exclusion criteria as per
Article 10 of Commission
Delegated Regulation (EU)2020/1818
In addition to this metric,
the users/subscribers to thisdataset will be able toaccess the underlying
components which indicate
why a company is passing
or failing the test.

more information
about companies intheir product andassess whether
they pass or fail theminimum criteria
for CTB indexed
products

independent of the Sustainable
Investment Framework.

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