S&P: Physical climate risk could reduce global economy by 4.4% a year
Physical climate risks are likely to become more material to S&P's sovereign rating analysis, the rating agency says. Ahren Lester reports
Inaugural COP report published
Environmental Finance has published its first COP-focused special report in the build up to COP28, taking place in Dubai this week.
S&P Shades of Green: Updated SPO offers more than just 'an extra shade'
The financial research and analysis firm tells Ahren Lester its updated second-party opinion (SPO) methodology is more than just a marriage of the separate S&P and Shades of Green models
S&P finalises SPO integration with Shades of Green, adding another colour
S&P Global Ratings has finalised the integration of its recently acquired Shades of Green business into its second-party opinion (SPOs) methodology for sustainable finance instruments,...
'Financial time bomb' of climate-related credit rating volatility awaits, says IEEFA
A "financial time bomb is ticking" due to expected volatility in credit ratings caused by climate risks which have not yet been adequately reflected in ratings, the Institute for Energy Economics and Financial Analysis (IEEFA) has warned.
KBRA criticises 'irresponsible' ESG scoring in credit ratings amid S&P reversal
KBRA has criticised the "irresponsible" and "arbitrary" scoring of environmental, social and governance (ESG) factors in credit ratings after rival agency S&P removed its own scoring system from its reports.
Surprise as S&P drop ESG scores from credit ratings
The retreat from ESG scoring from the credit rating agency has flagged concerns around ESG transparency and the impact of anti-ESG sentiment, Ahren Lester writes
Sustainalytics biggest SPO provider in first half of 2023
Sustainalytics provided the most sustainable finance second-party opinions (SPOs) in the first six months of 2023, whilst Moody's ESG saw its market share jump to become the third largest provider.
S&P launches nature and biodiversity risk assessment
S&P Global Sustainable 1 has launched a nature and biodiversity risk portfolio assessment service.