How Ziggma's Impact Data Works

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Last updated: May 2026

Ziggma surfaces real-world impact data — not ESG risk ratings. This page explains where the data comes from, how it's calculated, what it covers, and where its limits are. Everything you see in Ziggma's impact features is powered by ACA Ethos, one of the most rigorous impact data engines globally.

At a glance
~600raw metrics per company
80topic-level scores
Monthlydata refresh cycle
How it works
Data sources
vs. ESG ratings
FAQ

What the impact score measures

The Ziggma Impact Score (0–100) reflects how positively a company or fund contributes to real-world environmental and social outcomes. A higher score means greater positive impact on the planet and society.

The score is not an ESG risk rating. ESG ratings measure how environmental, social, and governance factors affect a company's financial performance. The Impact Score measures the reverse: how a company affects the world around it.

Scoring process

1
Raw metrics collected — ~600 environmental and social indicators per company, sourced from corporate disclosures, government databases, NGOs, licensed providers, and daily media monitoring.
2
Metrics normalized — raw values are standardized to remove scale differences across companies and industries.
3
Topic scores built — ~80 topic-level scores are calculated, each aggregating 30–60 weighted metrics selected for relevance and data credibility.
4
Peer normalization — scores are normalized relative to industry peer groups and the global universe.
5
Impact Score aggregated — final 0–100 score reflects positive contributions. Controversy events are incorporated as downward adjustments.

Impact topics covered

ACA Ethos calculates scores across ten impact themes relevant to private investors:

🌡 Climate Action
⚖️ Gender Equality
📚 Quality Education
🏥 Affordable Healthcare
🌊 Healthy Oceans
🏭 Fair Labor
💡 Innovation
♻️ Sustainable Resources
🌿 Biodiversity
💧 Water & Sanitation

Controversy monitoring

Ethos scans global media multiple times daily across major markets including the US, UK, Europe, Japan, India, Australia, and Brazil. Each controversy is reviewed by analysts who assign a severity score (1–10) and one or more of 25 category tags — covering human rights, environmental damage, labor practices, product safety, and more. Validated controversies are incorporated into the Impact Score as downward adjustments.

Limitations

Where companies do not disclose certain data, Ethos models values using peer-group averages adjusted for revenue or workforce size. All modeled datapoints are clearly flagged in Ziggma, and users can choose to exclude them from their ratings.

Coverage varies by market and company size. Larger companies with robust disclosure practices have higher data density than smaller companies or those in markets with weaker reporting standards.

Revision history

v1.0 — May 2026. Initial canonical page. Content migrated and expanded from blog post published February 2026.

Where the data comes from

ACA Ethos sources data from five categories of inputs, each subject to multi-layer quality control before integration:

Source typeExamplesRefresh
Corporate disclosuresSustainability reports, annual filings, CDP submissionsAnnual + on update
Government & regulatoryEPA, EU regulatory databases, national statistics agenciesMonthly
NGOs & academic bodiesHuman rights organizations, academic research institutionsMonthly
Licensed third-party providersSpecialist data vendors for specific metric categoriesMonthly
Media monitoringAutomated scraping + manual analyst review across 7+ marketsMultiple times daily

Quality control process

All data passes through multi-layer quality control checks and validation in a staging environment before release. Ethos performs randomized datapoint audits that must achieve 100% accuracy before data enters the live environment. Most metrics are refreshed monthly.

Impact investing vs. ESG ratings

These two approaches answer fundamentally different questions. Understanding the distinction matters for how you interpret Ziggma's scores.

ESG risk ratings
(MSCI, Sustainalytics)
Measure how ESG factors affect the company's financial performance
Optimized for institutional risk management
A high score means lower ESG risk to investors, not lower harm to the world
Fossil fuel companies can score highly if they manage regulatory exposure well
Ziggma Impact Scorevia ACA Ethos
Measures how the company affects the world — people and planet
Designed for values-aligned self-directed investors
A high score means genuine positive real-world outcomes
Controversy monitoring captures harm regardless of financial materiality

Frequently asked questions

What data does Ziggma use for impact ratings?
Ziggma's impact data is powered by ACA Ethos, which aggregates approximately 600 environmental and social metrics per company from corporate disclosures, government databases, NGOs, licensed third-party providers, and continuous media monitoring. Most metrics are refreshed monthly.
What's the difference between ESG risk and real-world impact?
ESG risk ratings measure how environmental, social, and governance factors affect a company's financial performance. Real-world impact measures the reverse: how a company affects people and the planet. A company can have a high ESG risk score (meaning low risk to investors) while still causing significant environmental harm. Ziggma's Impact Score focuses on actual outcomes, not financial risk management.
Does Ziggma use estimates to fill in missing impact data?
Where companies don't disclose certain data, ACA Ethos models values using peer-group averages adjusted for revenue or workforce size. All modeled datapoints are clearly flagged in Ziggma, and you can choose to exclude them from your ratings.
How often is the impact data updated?
Most metrics are refreshed monthly. Controversy monitoring runs multiple times daily across major global markets. All data passes multi-layer quality control before entering the live environment.
Can I combine fundamental screening with impact screening?
Yes. Ziggma is designed specifically to let self-directed investors combine fundamental quality analysis (the Ziggma Stock Score) with impact screening in the same portfolio view and optimizer. This is one of the core differentiators from standalone ESG tools.
What screens are available?
Ziggma provides 85+ impact and ethical screens via ACA Ethos, including fossil-free strategies, fair labor filters, deforestation-free criteria, gender equality screens, and transparency and accountability screens.
Is Ziggma's impact data independently reviewed?
The underlying data methodology belongs to ACA Ethos, which operates as an independent, specialized impact data provider. Ethos performs randomized datapoint audits requiring 100% accuracy before data enters the live environment. Ziggma does not itself conduct additional independent audits of the data.