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**Entity commencement date**
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## Assessment Instructions
Intent: What is the purpose of this indicator?
Describe the activity commencement or establishment date of the entity.
Input: How do I complete this indicator?
Provide the year of commencement/establishment.
\*Values in the Entity Characteristics (EC) aspect are fixed to one entity, regardless of assessment year. In order to update these please select the 'Manage Entity' setting in the 'Assessment Portal'.
#### 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.
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