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Investors are increasingly concerned about the link between climate change and their investments.
By publishing free-to-search ratings, the Climetrics rating enables all investors to make well informed decisions; finding funds that invest in companies better at managing material issues related to climate change, water security and deforestation.
Climetrics provides the transparency needed to move capital towards funds which better support the low carbon transition. This can motivate companies to improve how they manage material climate issues.
Ultimately, this may result in fewer climate-related risks and more opportunities for investors.
Climetrics rates over 18,000 funds every month representing over €15 trillion or around a third of the total assets of the global investment fund industry.
How can the Climetrics rating help you?
The Climetrics rating offers asset managers, asset owners, financial advisors and fund platforms effective ways to respond to the growing demand for climate and environmental information alongside investments.
Asset managers
Use the Climetrics rating license to promote your fund’s climate performance and catalyze growth in climate-conscious fund products
Financial advisors & platforms
Use bespoke Climetrics rating data feeds to complement your fund data offering and better respond to growing market needs for sustainable investment solutions.
ESG professionals
Use the Climetrics rating company level scores for over 7,000 corporate issuers to integrate climate-related risks and opportunities into security analysis and portfolio screenings.
Asset owners
Use the customised Climetrics rating portfolio screening service to gain insights into key climate-related engagement priorities across your portfolio.
Our clients want to understand the link between climate change and their investments. With CDP’s high-quality data behind it, the Climetrics rating allows us to provide trusted ratings which help them to make climate-friendly investment decisionsOlof Neiglick, Head of Equities, Swedbank
What is the methodology behind the Climetrics rating?
The scoring system is based on three quantitative layers of analysis. These are each fund's portfolio holdings, its investment policy, and the asset manager’s governance of climate issues. This results in an overall score for each fund, which is compared to all scored funds and then assigned a final 1-5 leaf rating.
At the portfolio holdings level, the Climetrics rating uses a bespoke methodology to score companies’ performance. This is done across three interrelated themes: reducing GHG emissions, managing water resources and tackling deforestation.
A top rating indicates that, on average, the companies in a fund‘s portfolio are better at disclosing and managing material climate, water and deforestation issues, compared to those in lower rated funds. Top-rated funds better support the low-carbon transition.
This methodology is strongly aligned with the TCFD recommendations. It integrates TCFD-aligned CDP scores for companies in its evaluation of portfolio holdings, and tracks asset managers’ TCFD-based reporting through the PRI reporting framework.
Asset managers do not need to apply to receive a rating. Climetrics independently rates any available fund in the available universe, providing that at least 60% of the portfolio’s assets under management have Climetrics company level scores.
The Climetrics rating uses market-leading company data from CDP, including CDP temperature ratings, the Science Based Targets initiative (SBTi), the ACT initiative and ISS-ESG.
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The Climetrics rating (1-5) reflects a fund’s performance against all other funds in the available universe.1 A leaf rating of 5 is the best.
The peer group rank (1-4) shows how the fund compares against funds in the same market or specific segment of that market. A peer group rank of 1 means that the fund is among the best 25% within its market.2
All ratings are as of December 2022.
Please note that we are currently preparing to switch from the Climetrics rating to a new calculation and service platform. Due to this, there will be no rating updates in the first quarter of 2023. From April 2023, the rating should return to monthly updates.
Search by fund name, keyword or click on a column to sort
1 The fund universe and all static fund data is provided by yourSRI.
2 The peer group ranks are based on the Refinitiv Lipper Global Classification system. For a fund to be assigned a peer group rank, at least 10 funds in its peer group must have a Climetrics rating.
Please take a note of our rating provisions and the terms and conditions for using this site.
Climetrics Fund Awards 2021
In its fourth year, CDP’s Climetrics Fund Awards recognized the asset managers of 20 actively managed equity funds across four categories: US equity, European equity, emerging markets equity and global equity. For this year’s awards, the top five actively managed funds for each equity category were selected based on their underlying Climetrics score, which is based on CDP climate change, forests and water security data. Watch the video awards ceremony of the 2021 Climetrics Fund Awards, presented at the CDP Europe Awards 2022: Now For Nature.
The Climetrics guide for financial advisors is also available in German, French, Italian, and Swedish.
This year, green finance was an important topic at the COP26 climate conference in Glasgow. This issue of Climetrics Insights explores how the rating helps fund investors act now.
Climetrics now also publishes peer group rankings for all funds, in addition to its leaf ratings. With this, it adds a new “best-in-class” perspective to its environmental assessment of funds. This issue explains why and how this can be useful for climate-aware investors.
Climate-friendly funds should be run by asset managers with strong climate governance. In fact, some types of investor action can ultimately have a bigger real-world impact than reallocating capital away from high carbon assets.
In 2019, the reported value at risk from water issues was between USD 188 and 425 billion. With its inclusion of CDP water security scores, Climetrics addresses a key issue of climate change resilience and aims to drive stronger water action among global companies.
This month Climetrics Insights looks at the role of the carbon footprint of an investment fund in climate risk analysis. Whilst it may be an intuitive metric, the portfolio carbon footprint does not do justice to the complexity of a holistic climate assessment of a fund.
With the COVID-19 pandemic fuelling a slump in oil prices, funds may at some point start reallocating to the energy sector in the expectation that the world economy goes back to business as usual.
Disclaimer
“For transparency and to avoid confusion, please note that the trade mark 
is owned and used by CDP Europe - Services GmbH for the climate impact rating for investment funds in the European Union.
The registered trade mark CLIMETRICS® is owned by Stephen Parry and used by Service Climate Management Ltd, trading as Lloyd Parry International, for the diagnosis of Organisational Work-Climates and performance rating.
Neither CDP Europe - Services GmbH nor CDP Worldwide has any relation whatsoever to Service Climate Management Ltd. trading as Lloyd Parry International.