Environmental Finance's Sustainable Debt Awards 2026

External assessment provider of the year: Sustainable Fitch

In awarding this year's External assessment provider of the year accolade, judges cited Sustainable Fitch's "excellent framework and process" as key to its success.

Sustainable Fitch states it provides a full suite of sustainability assessment tools with its Sustainable Fitch Ratings, Second Party Opinions, European Green Bond Assessments, Post Issuance Reviews, and Transition Assessments.

During the year, Sustainable Fitch distinguished itself by conducting the pre-issuance review of the first-ever European Green Bond (EuGB) issued by Italian utilities firm A2A. As part of its awards submission, the firm also reports it has captured 13.3% of the second-party opinion market share according to Environmental Finance Data, as of the end of 2025, just four years since the product launch.

The firm was also keen to illustrate how its methodology allows it to go beyond traditional structures to perform evaluations, including issuances such as Impact Investment Exchange (orange bond principles), PT Bank Mizuho Indonesia (deposit framework assessment), and The Hong Kong Mortgage Corporation Limited (bond-level assessment).

The firm has also delivered assessments for sovereigns across Germany, Italy, Denmark, Panama, Benin, Ecuador, Indonesia, Pakistan, Argentina, and Paraguay.