Sustainability Analysis and Application

Free CAIA Level II lesson in Universal Investment Considerations. 23 min read, ~3,391 words.

Sustainability ratings diverge (credit-rating correlation near 0.9 versus ESG near 0.32) because providers weight factors and source data differently, so methodology matters more than the score. Materiality is the filter: the SASB Materiality Map (five categories, three buckets) and GRI identify which factors affect an industry; materiality measures as likelihood...

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