Thinking

The Green Line Going Down

Product Design·March 3, 2026·2 min read

You’ve seen the chart. A line trending down, usually green, sometimes with a leaf somewhere nearby. It looks like evidence of progress.

What it almost never tells you is which year it started from, or whether emissions actually fell or just grew more slowly than revenue. Take those away and all the line really says is that someone wanted you to feel good.

I worked on an ESG analytics platform where nobody was reading glossy reports. Users were preparing regulatory filings and checking supplier emissions against targets with legal deadlines attached. For them, a mislabelled metric was a legal risk.

Most misleading sustainability charts aren’t made by liars. Alberto Cairo makes this point in How Charts Lie: they’re usually made by people who never stopped to ask what the chart is actually telling someone. A squashed y-axis turns a small improvement into a dramatic one. An intensity metric, like emissions per euro of revenue, can show lovely progress while total emissions go up.

Add the missing context, one switch at a time

0 of 4 added
Emissions per €m of revenueIn the chart70 tCO₂e in 2024Down 30% since 2021 

Emissions per euro of revenue

Tonnes of CO₂e per €1 million of revenue, 2021 to 2024

708090100100702021202220232024
See the numbers
  • Decrease, good for emissions
  • Increase, bad for emissions
  • Less than 3%, about flat
Emissions per €m of revenue and total emissions, 2018 to 2024, with the change since 2021
Per €m of revenueTotal emissions
YeartCO₂evs 2021kt CO₂evs 2021
2018Left out71380
2019Left out78405
2020Left out92430
2021100Baseline455Baseline
202288−12%470+3%
202379−21%488+7%
202470−30%503+11%

Changes are compared with 2021. Every value is ± 12%. Illustrative data for a fictional company.

This is the chart as the report shows it.

Illustrative data

So the question I ask of every chart is whether it helps someone understand what’s happening, or just helps them feel like things are going well.

This matters even more because the data underneath is shaky. A 2022 study by Berg, Kölbel and Rigobon found that ratings for the same company from different agencies can correlate as weakly as 0.38. In 2023, Chevron was rated high-risk by Sustainalytics and fairly near the top by MSCI at the same time. If your product shows a number like that with no sign of the uncertainty, it’s presenting confidence it doesn’t have.

Two agencies rated the same company far apart in 2023Chevron’s ESG ratings from Sustainalytics and MSCI
Chevron Corporation
SustainalyticsSecond worst category out of five: High RiskHigh Risk
MSCIThird best category out of seven: near top-tierA Rating
Berg, Kölbel & Rigobon (2022) found that ratings of the same company from different agencies correlate as weakly as 0.38. A product built on them should show that uncertainty.Sources: Sustainalytics ESG Risk Rating and MSCI ESG Rating, 2023. Berg, Kölbel & Rigobon, Aggregate Confusion, Review of Finance, 2022.

The fix isn’t technically hard. Make the baseline year obvious, and put absolute and intensity numbers side by side so people can see how they relate. Show uncertainty ranges instead of hiding them, and say plainly what’s missing and how the data was collected. Xaquín G.V., who writes about ethics in data visualisation, makes the point that disclosing scope and limitations is part of the chart itself. I’d go further and call it interface design. It just takes someone willing to ship the honest chart over the reassuring one.

References

  1. Cairo, A. (2019). How Charts Lie: Getting Smarter about Visual Information. W. W. Norton & Company.
  2. Berg, F., Kölbel, J.F., Rigobon, R. (2022). Aggregate Confusion: The Divergence of ESG Ratings. Review of Finance, 26(6), 1315-1344. academic.oup.com
  3. Pictet Asset Management (2023). Analysing Corporate ESG Ratings. am.pictet.com
  4. Data Europa EU (2025). Honest Charts: Ethics and Integrity in Data Visualisation. Interview with Xaquín G.V. data.europa.eu