Methodology
Decision-usefulness is a deliberately high bar.
Amber is a positive result: the disclosure is above average and mostly useful. Green is awarded only when the disclosure crosses the threshold required to be relied upon.
How to read the ratings
Not decision-useful
Material information cannot be relied upon
Mostly decision-useful
Above average, with material limitations
Decision-useful
Meets the high bar for reliance
Conceptual scale — not a numerical formula. Amber is a positive result: the disclosure is above average and mostly useful. Green is awarded only when reliance is warranted.
Stakeholder audiences
Five audiences, five ratings
Each Watchdog review rates the disclosure against the decisions typically made by five stakeholder groups. The same disclosure may support one group's decision while failing another.
- Carbon and supply-chain emissions accounting
- Tests whether the disclosure supports the decisions this stakeholder typically makes when relying on the company's climate reporting.
- Institutional investors
- Tests whether the disclosure supports the decisions this stakeholder typically makes when relying on the company's climate reporting.
- Consumer and retail investors
- Tests whether the disclosure supports the decisions this stakeholder typically makes when relying on the company's climate reporting.
- Consumers and the public
- Tests whether the disclosure supports the decisions this stakeholder typically makes when relying on the company's climate reporting.
- Regulators
- Tests whether the disclosure supports the decisions this stakeholder typically makes when relying on the company's climate reporting.