We recognize an increasing desire for more information and clarity regarding how environmental, social, and governance (ESG) characteristics are factored into our credit ratings.
We incorporate ESG factors into our credit ratings when we believe they are material to creditworthiness and sufficiently visible. The spectrum of risks now commonly referred to as "ESG" have long been a part of our credit rating analyses using our sector-specific criteria.
View S&P Global Ratings Update on ESG Credit Indicators >
Here we articulate the principles that S&P Global Ratings applies to incorporate environmental, social, and governance (ESG) credit factors into our credit ratings analysis. Within the criteria we define ESG credit factors as those ESG factors that can materially influence the creditworthiness of a rated entity or issue and for which we have sufficient visibility and certainty to include in our credit rating analysis.
Read our criteriaHere we provide descriptions of key environmental, social, and governance (ESG) factors that have affected creditworthiness or may influence future creditworthiness.
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