ESG Ratings
Independent, comparable ESG ratings calibrated for the MENA region.
WADI Rating Methodology
Independent, comparable ESG ratings calibrated for the MENA region.
Why ESG Ratings Matter
ESG ratings provide a standardized, comparable view of sustainability performance across companies, sectors, and markets.
1
For investors, they support due diligence and capital allocation
2
For regulators and exchanges, they help track market readiness.
3
For rated entities, they offer an independent mirror of ESG maturity and disclosure quality.
Our Rating Framework
WADI ESG Ratings integrate international standards (CSRD, GRI, TCFD, UN SDGs) with MENA-specific regulatory developments and sector risks, resulting in a dual-lens system: global comparability with regional calibration.
Methodology
Documentation-Based Assessment
Verification of Disclosures
Scoring Against Predefined Criteria
Tier / Rating Level Assignment
(e.g. Developing / Balanced / Progressive / Advanced / Elite)
Optional Index Inclusion For Benchmarking
Methodology brief
WADI ESG Ratings provide independent, evidence-based ESG assessments for organizations operating across the MENA region.
The methodology is designed to be transparent, repeatable, and comparable, supporting decision-making for investors, regulators, and stakeholders.
Ratings are built on 300+ ESG indicators across Environmental, Social, and Governance pillars and assessed through a dual lens:
- Performance – what the organization does in practice
- Disclosure – what the organization reports publicly
All scores are supported by verifiable evidence, with full traceability to source documents. Default pillar weights are E 30%, S 30%, G 40%, adjustable by sector.
Illustrative sector pillar weights
|
Sector
|
Environmental (E)
|
Social (S)
|
Governance (G)
|
|---|---|---|---|
|
Energy & Utilities
|
45%
|
25%
|
30%
|
|
Financials
|
20%
|
35%
|
45%
|
|
Industrials / Materials
|
40%
|
30%
|
30%
|
|
Telecom / Tech
|
25%
|
35%
|
40%
|
|
Consumer
|
25%
|
40%
|
35%
|
Methodology brief
WADI ESG Ratings provide independent, evidence-based ESG assessments for organizations operating across the MENA region.
The methodology is designed to be transparent, repeatable, and comparable, supporting decision-making for investors, regulators, and stakeholders.
Ratings are built on 300+ ESG indicators across Environmental, Social, and Governance pillars and assessed through a dual lens:
- Performance – what the organization does in practice
- Disclosure – what the organization reports publicly
All scores are supported by verifiable evidence, with full traceability to source documents. Default pillar weights are E 30%, S 30%, G 40%, adjustable by sector.
Illustrative sector pillar weights
|
Sector
|
Environmental (E)
|
Social (S)
|
Governance (G)
|
|---|---|---|---|
|
Energy & Utilities
|
45%
|
25%
|
30%
|
|
Financials
|
20%
|
35%
|
45%
|
|
Industrials / Materials
|
40%
|
30%
|
30%
|
|
Telecom / Tech
|
25%
|
35%
|
40%
|
|
Consumer
|
25%
|
40%
|
35%
|
Ratings Structure & FAQs
Explanation of rating outcomes, scoring structure, and key clarifications
Rating Scale & Outputs
- Explanation of scoring bands (e.g. A–D or Elite–Developing) using your tables and charts from ASE/MSX/BB slides.Â
- Example of what a company receives:
- Overall ESG score and maturity level
- E, S, G sub-scores
- Disclosure / transparency indicator
- Benchmark position vs. sector / market
FAQ for Rated Companies
A WADI ESG Rating is an independent, evidence-based assessment of an organization’s Environmental, Social, and Governance performance and disclosure quality, calibrated for MENA markets while aligning to leading global standards.
The methodology supports ratings for publicly listed entities, large private companies, financial institutions, strategic public entities, and universities.
The rating framework is aligned to widely used global standards and references, including GRI, ISSB/IFRS S1 and S2, TCFD, SASB sector metrics, and the UN SDGs (through indicator mappings and crosswalks).
WADI applies a maturity-based, phased approach to ESG assessment. In markets and sectors that are still developing ESG practices, the rating initially focuses on disclosure quality, assessing transparency, completeness, and traceability of publicly available ESG information in line with regional maturity.
As companies and markets become more ESG-mature, WADI progressively incorporates performance assessment, evaluating policies, targets, implementation, and measurable outcomes. This approach ensures fair comparability while supporting a structured transition from ESG disclosure to demonstrated ESG performance.
The methodology uses an indicator library of 300+ checks, typically structured as Yes/No/NA across E, S, and G and mapped to global standards and sector metrics.
Each scored ‘Yes’ must be traceable to a specific document and page/section anchor, and evidence is categorized by quality tiers and logged with timestamps for auditability.