ESG Data Guide 2023

S&P Global Ratings - Second Party Opinions

Data category

  • Ratings
  • Environmental data
  • Governance data
  • Research data
  • Social data
  • ICMA External Review; LMA/APLMA/LSTA External Review; ASEAN Green Bond Standards; Second Party Opinion

The data offers solutions for:

  • Environmental impact analysis and insight
  • Social impact analysis and insight
  • Investment decisions and portfolio insight
  • Reporting: EU Regulations
  • Reporting: SFDR
  • Reporting: UN SDGs
  • Transition plan assessments
  • Alignment with ICMA’s Green, Social Bond Principles or Sustainability Bond Guidelines; ASEAN Green Bond Standards; LMA/APLMA/LSTA’s Green or Social Loan Principles; ICMA’s Sustainability-Linked Bond Principles, LMA’s Sustainability-Linked Loan Principles

Who are the data users?

  • Corporates
  • Investors
  • Financial institutions
  • Companies issuing green, social, sustainability bonds/loans; Their bank advisors and investors

Brief description of the data offering

S&P Global Ratings’ Second Party Opinions (SPOs) help companies provide investors with greater insight into how their investments will impact and align with environmental, social and sustainability goals.

In December 2022 S&P Global acquired the Shades of Green business from CICERO, further expanding the breadth and depth of our SPO offering. Shades of Green have been championing SPOs in the global green financing market since 2008 and remain the largest external reviewer by volume globally.

Our options include:

  • Use of Proceeds Financing SPOs (Green, Social, and Sustainability)
  • Sustainability Linked Financing SPOs

Visit our website to learn more or access our SPO public report library.

Where and how do you source your data?

  • The green/social/sustainability bond or loan framework provided by the company
  • Direct engagement between Ratings Analysts (both Credit and Sustainable Finance) and company management
  • Publicly available information

What is the cost for your data offering?

Pricing depends on a number of factors e.g. complexity of framework, underlying projects and S&P Global Ratings overall relationship with the company.

Contacts

jonathan.vlock@spglobal.com

Contacts

arlinda.mezini@spglobal.com

Guide entries by S&P Global Ratings