The demand for robust, transparent carbon emissions data in financial services has reached a tipping point. Institutions now face intense scrutiny over how they source, interpret, and apply this data, driven by asset owner accountability demands, regulatory disclosure mandates, and assurance requirements.
This is why Morningstar Sustainalytics delivers emissions data that meets high standards of transparency and methodological rigor. As corporate disclosure increases and improves across Scopes 1, 2, and 3, including Scope 3 category splits, our reported data coverage is continuously expanding.
Latest Insights
Climate and Net Zero Aligned Solutions
Carbon Emissions Data by the Numbers
16,000
Covered Companies
130+
Subindustries
30
Metrics
Key Features
Carbon Emissions Data is provided for approximately 16,000 companies. The GHG calculation models are built on reported disclosures from over 7,500 companies, across 130+ sub-industries.
Latest Reported Carbon Emissions Data
Our dataset provides monthly updates as new company disclosures are released, supported by a calculation engine that ensures timely delivery without sacrificing quality. Standard datasets include the latest fiscal year results along with up to three years of historical coverage.
Portfolio Level Metrics
We provide Carbon Footprint for financed emissions calculations, Weighted Average Carbon Intensity (WACI), and exposure to high-emitting sectors. Investors can use Transition alignment metrics determined by emissions data, like the emissions over/undershoot against multiple climate transition scenarios.
Issuer Level Metrics
Our coverage includes Scope 1, 2, and 3 total emissions data, with full Category 1–15 breakdowns for Scope 3. Investors can assess carbon intensity using either EVIC or revenue-based measures, supported by source type details for both reported and estimated data.
About our GHG Emissions Calculation Engines
Morningstar Sustainalytics' multi-factor regression models for Scope 1, 2 and 3 GHG emissions follow a common framework which:
- Considers environmental metrics and factors like sub-industry, geographical location, and a company’s size, facilitating consistency and comparability to more accurately estimate GHG emissions.
- Offers the flexibility to adjust for structural differences in the underlying data and addresses the limitations of data availability.
- Accounts for sub-industry variation in business models and GHG-generating activities, with the company activity data in our Scope 1 and 2 models.
We can provide model testing outputs on request and provide extensive support to investors using our data.
| Multi-Metric Multi-Factor Model | Factor 1 (Subindustry) | Factor 2 (Size) | Factor 3 (Country) | Factor N-1 | Factor N |
|---|---|---|---|---|---|
| Scope 1 emissions | ✔ | ✔ | ✔ | ✖ | ✖ |
| Scope 2 emissions | ✔ | ✔ | ✔ | ✔ | ✖ |
| Scope 3 emissions | ✔ | ✔ | ✔ | ✔ | ✔ |
| Common Factors | Refining Factors | ||||
Use Cases
Portfolio Analytics and Reporting
Quickly identify high emitters, track decarbonization trends, assess climate risks and opportunities, and align reporting with the Partnership For Accounting Financials (PCAF) guidelines for consistent and credible disclosure.
Regulatory Compliance
Gather data to help address requirements for reporting and disclosure initiatives, such as the TCFD, IFRS S2, the PRI and the EU Action Plan. Leverage Carbon Emissions data as input for stress-testing.
Security Selection
Investors can screen industry/sub-industries and identify best-in-class companies. Our data enables investors to establish maximum emissions thresholds.
Engagement and Voting
Engage high-intensity companies with clear targets, monitor progress, and use Scope 3 category splits to strengthen disclosure visibility for climate stewardship.
Quality Assurance
Morningstar Sustainalytics’ Carbon Emissions Data combines reported data and estimated data that is carefully vetted through our quality review processes. In addition to maintaining quality procedures for the accuracy of reported and estimated data provided, we also analyze inconsistencies in issuer reporting and engage with reporting entities when such cases arise. Our aim is to provide investors with a complete picture of an issuer’s emissions profile over time that they can feel confident in.
Automated checks with expert manual review are enabled, ensuring both quality and speed in delivery. Our transparent approach to data curation helps clients reduce the time and resources spent on validating data, so they can focus on what matters most: investment decisions, target setting, company engagement, strategy development, and reporting.
For more details on our quality processes and data curation approach, contact us.
Why Sustainalytics?
A Single Market Standard
Consistent approach to ESG assessments across the investment spectrum.
Award-Winning Research and Data
Firm recognized as Best ESG Research and Data Provider by Environmental Finance and Investment Week.
End-to-End ESG Solutions
ESG products and services that serve the entire investment value chain.
30 Years of ESG Expertise
800+ ESG research analysts across our global offices.
A Leading SPO Provider
As recognized by Environmental Finance and the Climate Bonds Initiative.
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