Corporate decisions now determine the availability of goods that were once supplied, or at least regulated, as public infrastructure: payments, connectivity, energy, the information environment. The usual responses are a rating or an ethics classification, and both collapse distinct questions into a single number that hides more than it shows.
This framework keeps three dimensions analytically separate, because an actor can sit high on one and low on another. High systemic importance with high transparency is a different problem from high systemic importance with low transparency, and the two cases warrant different research and different policy attention.
The purpose is not to classify companies as ethical or unethical. It is to make corporate public-goods exposure comparable across sectors — which is precisely what regulators and the public currently lack.