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Forsyth Barr Carbon & ESG (C&ESG) ratings of NZ companies

In a major piece of work that reviewed 8,300 data points from 58 of New Zealand’s best-known businesses listed on the NZX, the Forsyth Barr C&ESG Ratings Report is an influential piece of research that differs from other ratings assessments due to its methodology, high level of transparency and focus on New Zealand nuances.

 On this web page, please find:

  • The Forsyth Barr C&ESG Ratings Report
  • The Methodology document for our C&ESG Ratings
  • Links to the scorecards of all 58 participating companies

C&ESG Scorecards

Click here to download the full scorecard document.


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Forsyth Barr’s research ratings are OUTPERFORM, NEUTRAL, and UNDERPERFORM. The ratings are relative to our other equity security recommendations across our New Zealand market coverage and are based on risk-adjusted Estimated Total Returns for the securities in question. Risk-adjusted Estimated Total Returns are calculated from our assessment of the risk profile, expected dividends and target price for the relevant security.

As at 29 Nov 2023, Forsyth Barr’s research ratings were distributed as follows:
30.8% 46.2% 23.1%

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