19. May 2023

Standardised ESG integration with SD-KPIs




Establishment of a common database on the “Sustainable Development Key Performance Indicators” (SD-KPIs) at company and sector level


Autumn 2022


SD-M GmbH creates and publishes global standards for key ESG indicators in 68 different industries, so-called “Sustainable Development Key Performance Indicators” (SD-KPIs). The aim of the project was to model these standards on the basis of the global ESG data from Moody’s ESG Solutions (Moody’s® is a registered trademark) licensed by imug rating to create a database for company- and sector-specific benchmarks in the area of relevant ESG indicators.


The SD-KPIs were operationalised using appropriate imug rating / Moody’s ESG Solutions research lines. The operationalisation included a mapping of the SD-KPIs to appropriate Moody’s ESG Solutions indicators. For each SD-KPI, imug rating also determined meaningful class thresholds for conducting company- and sector-specific benchmarking with regard to relevant indicators in the areas of environment, social affairs and governance.

The project

SD-M GmbH developed a specialised ESG classification model based on three standardised ESG key performance indicators for the respective sectors under consideration. The resulting SD-KPI standard 2016-2021 was published with the support of the German Federal Ministry for the Environment and the Sustainability Accounting Standards Board. SD-KPI and SASB standards have a high overlap. SASB is now part of the International Sustainability Standards Board (ISSB).

Through the modelling of imug rating, a comprehensive database was created for the implementation of company- and sector-specific benchmarking on the basis of SD-KPIs. The modelling process was based on various research lines, which included relevant quantitative as well as a variety of qualitative ESG data.

The standardised solution of imug rating and SD-M enables banks, investors, asset managers and index providers to easily and systematically integrate SD-KPIs into risk management, indices, funds, sustainability-linked bonds and loans.

You are an investor and wondering how you can integrate relevant ESG data into your investment process? We are looking forward to advising you!

Your personal contact

Lukas Grabowsky and his team

„The ISSB standards will build on the industry-specific SASB standards. Due to the high overlap of SASB and SD-KPI standards, the SD-KPInform® database can already be used as history and for approximations for future ISSB standards.“

Dr. Axel Hesse
Founder, shareholder and managing director of SD-M GmbH

Parties involved