...5 Highly relevant, a key rating driver that has a significant impact on the rating on an individual basis. Equivalent to `Higher' relative importance within the Navigator. 4 Relevant to rating, not a key rating driver but has an impact on the rating in combination with other factors. Equivalent to `Moderate' relative importance within the Navigator. 3 Minimally relevant to rating, either very low impact or actively managed in a way that results in no impact on the entity rating. Equivalent to `Lower' relative importance within the Navigator. 2 Irrelevant to the entity rating but relevant to the sector. ESG relevance scores range from `1' to `5' based on a 15-level color gradation. Red (5) is most relevant to the credit rating and green (1) is least relevant. The Environmental (E), Social (S) and Governance (G) tables break out the general and the sector-specific issues that are most relevant to each industry group. Relevance scores are assigned to each sector-specific issue, signaling the...
