S&P Global Ratings will include ESG in issuer credit rating reports

Ratings agency S&P Global Ratings expects to incorporate ESG sections in approximately 2,000 credits through the course of the year – representing around 40 per cent of S&P Global Ratings’ rated corporate universe.

The announcement coincides with the publication of the UN Principles for Responsible Investment (PRI)’s report, Shifting Perceptions: ESG, Credit Risk and Ratings, which recommends that credit rating agencies explicitly signpost credit-relevant ESG risks and opportunities in rating reports.

Michael Wilkins, MD and head of Sustainable Finance said: "The fixed-income market's heightened focus on ESG has only emerged recently. However, ESG has been at the heart of our ratings approach for many years. We have long incorporated ESG considerations into our credit analysis. What we aim to do now is to more clearly underline to industry bodies, investors, and stakeholders how we do so."

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