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**Entity / Lender commencement date**
## Assessment Instructions
Intent: What is the purpose of this indicator?
Describe the activity year of commencement or the establishment date of the entity.
Input: How do I complete this indicator?
Provide the year of commencement/establishment.
#### Terminology
**Year of commencement**
> The year in which the reporting entity began investing in the market. If a listed entity is delisted (i.e., taken private) but remains under the same management, the date of original commencement can be used for “date of first closing” for the new non-listed entity. If the entity is taken private by a new management company, the first day of closing should be the date of privatization. This information is not used for scoring and used for context only; portfolio vintage may affect the ability to implement ESG policies and strategies.
**Year of establishment**
> A date specified by the manager on which the vehicle is launched, the initial capital subscription is completed, and the commitment period commences.
Validation: What evidence is required?
Evidence not required.
## Scoring
This indicator is not scored.
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