Glossary

We tried to keep concepts simple and short on WikiRate.org, however it is not always easy to communicate meaning with one or two words. Here a glossary covering some of the vocabulary that we use throughout the site:

Calculated (Metric): refers to the metric type being based on a calculated value, and contrasts to researched metrics. Calculated metrics can come in the form of a Formula, Score, WikiRating, Descendant and Network-Aware. Learn more about metrics here.

Community Assessed: refers to the research policy applied to metrics. If it is Community Assessed, then anyone can add metric answers. This contrasts to Designer Assessed where only the metric designer can add metric values. Learn more about metrics here.

Company: Companies are the central subjects of WikiRate.org. WikiRate Companies are recognized by law as a "legal person" – that is to say: not actually a biological person but legally treated like one. There is no minimum size for qualifying as a company. This definition is, in itself, rather clean, but it also presents some significant data challenges, including scope, interrelatedness, and dynamism (see coverage of those topics here).

Descendant (Metric): A type of Calculated Metric, a Descendant Metric inherits answers from one or more other metrics. Descendant metrics are used to pool the data from a set of similar input metrics. Example: a Designer Assessed metric covers 100 companies, and a Communicty Assessed metric that asks the same question covers another 100 companies. Those two metrics can be combined in a Descendant Metric so that it covers 200 companies on the same metric question. Learn more about metrics here.

Designer Assessed: refers to the research policy applied to metrics. If it is Designer Assessed, then only the designer of the metric can add metric answers. This usually applies to metrics created for use in a benchmark where the benchmark author wants to have full control over their benchmark. Designer Assessed contrasts to Community Assessed, where anyone can add metric answers. Learn more about metrics here.

Formula (Metric): A type of Calculated Metric which combines any number of metrics in a FormulaLearn more about metrics here.

Metric: A Metric is a tool for measuring. On WikiRate, metrics are used to measure company performance, and they are a way of asking the same question of many companies. It consists of a question, an About section (which describes why this metric is important and how it is used) and a Methodology section (which describes how to research the answer). Learn more about metrics here.

Metric Answer: An answer or value that shows the company performance according to the question for a particular year. Each metric answer must have a source. Learn more about metrics here.

Network Aware (Metric): A type of Calculated Metric, these metrics dynamically measure a company’s performance based on the performance of related companies, including suppliers, subsidiaries and brand partners, combining Relationship Metrics with other metric types. An example of this would be “Modern Slavery Act Shareholder Percentage” which would look at what percentage of companies in an investors portfolio have produced a Modern Slavery StatementLearn more about metrics here.

Projects: Projects are tools to organize, gather and analyse data on companies’ environmental, social and governance performance. Through Projects you can pull together a specific set of companies (by topic or sector, for example) and metrics to help you and other WikiRate researchers contribute data that illuminates sustainability performance.

Relationship (Metric): These metrics describe the relationship between two companies.  Unlike standard metrics, Relationship Metrics can have compound answers, comprised of one “relationship answer” per relationship. Learn more about metrics here.

Researched (Metric): refers to the metric type being based on a researched value, and contrasts to calculated metrics where metric answers are calculated based on a combination of other metrics. Research Metrics can come in the Standard form or Relationship form. Learn more about metrics here.

Research Groups: Research groups bring WikiRate users together to organize Projects, design metrics, have conversations and track progress. This feature has been designed to facilitate users to join together around a specific topic, theme or area.

Research Policy: Research policies frame the use of a metric and which types of users are allowed. There are two types, Community Assessed and Designer Assessed. Learn more about metrics here.

Score (Metric): A type of Calculated Metric which standardizes the answers of exactly one other metric to a 0-10 scale. A Score Metric’s name is formed by adding the name of the scorer (user, company or research group) to the end of the scored metric. Score Metrics are often the building blocks for WikiRatings. Learn more about metrics here.

Source: A Source is a public document used to cite a Metric Answer on WikiRate. Sources are company reports like Sustainability and Annual Reports. They can also be news articles or websites or legally mandated reports like conflict minerals or modern slavery reports . A source can be added to WikiRate as a URL, file upload or report. Once a source is added it will remain of the platform so researchers can easily access the document.

Topics: Topics are a way to organize Metrics and other content into thematic groups. 

WikiRating (Metric): A type of Calculated Metric, which is a 0-10 rating computed as a weighted average of other 0-10 answers. To create a WikiRating, a number of Score metrics are selected and assigned weightings. Learn more about metrics here.

 

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