The PRI’s ESG in credit risk and ratings initiative is for the first time bringing voices from the corporate side into the conversation on how to better incorporate EGS factors into credit analysis. The articles below summarise some of the key points arising from an ongoing series of workshops that will see credit analysts from the buy and sell side as well as credit rating agencies (CRAs) engage with representatives from debt issuers’ corporate finance departments. It follows a series of 21 forums that the PRI organised from September 2017 to September 2019 to nurture an investor-CRA dialogue to promote a transparent and systematic consideration of ESG factors in credit risk assessment.1


UPCOMING CREDIT-ANALYST ISSUER WORKSHOPS
The workshop series is for sector specialists only. If you are a corporate issuer, or a credit analyst specialising in one of the sectors that will be covered during the upcoming events listed below, and are interested in participating, please contact FI@unpri.org. Please note the workshops will be held online. Places are limited to allow for a focussed discussion.

  • Workshop with utility companies - 14 October 2021
  • Workshop with European banks (in collaboration with the SFAF) - 17 November 2021
  • Workshop with US and UK banks - January 2022 (date TBC)
  • WORKSHOP WITH SUB-IG BORROWERS (Part 3)
    This workshop was the third sub-IG borrower event hosted in collaboration with the ELFA. It was attended by over 50 market participants, including representatives from seven corporates from the transport sector and three sub-sectors of the healthcare industry (hospitals & care homes, medical devices and pharmaceuticals), five CRAs and 30 investors from 19 organisations. View articles
  • WORKSHOP WITH SUB-IG BORROWERS (Part 2a and 2b)
    This workshop was hosted again in collaboration with ELFA. It was attended by over 100 market participants, including representatives from 20 corporates from five different sectors (chemical, industrial, retail, communication infrastructure and technology/software) six CRAs and 51 investors from 32 organisations. The highlights are split in two articles which cover different part of the discussion. View articles
  • WORKSHOP WITH SWISS ISSUERS
    This workshop featured 4 companies from the chemical, financial and food sectors. It was attended by 17 investors from 13 organisations, as well as representatives from seven CRAs, the Association of Corporate Treasurers, the Centre for Climate Finance and Investment at the Imperial College Business School, and the World Business Council for Sustainable Development. View articles
  • WORKSHOP WITH FRENCH SUB-IG ISSUERS
    This workshop was hosted in collaboration with the Societé Française des Analystes Financiers (SFAF). Five companies from the shipping, retail, rental equipment, debt repurchasing and facility management sectors participated, together with representatives from six credit rating agencies, 34 investors from nearly 20 organisations, and members from the SFAF ESG and credit commissions. View article

  • WORKSHOP WITH COMPANY ADVISERS
    This workshop, organised in collaboration with the European Leveraged Finance Association (ELFA), convened key market participants – including fixed income investors, borrowers, bankers, lawyers, credit rating agencies and private equity sponsors, to discuss the rationale and the importance of company disclosure of ESG information and data. View article

  • WORKSHOP WITH SUB-IG BORROWERS (Part 1)
    This workshop was hosted in collaboration with ELFA, reflecting synergies between the PRI’s ESG in credit risk and ratings initiative and the ELFA’s ESG disclosure initiative. It was attended by 13 sub-IG companies from the debt repurchasing, healthcare, telecoms and paper and packaging sectors. Representatives from three credit rating agencies participated, alongside 36 investors from 31 organisations. View article

  • PARIS WORKSHOP WITH IG ISSUERS  
    This workshop was hosted in collaboration with SFAF. Four companies from the food, energy, pharmaceutical and real estate sectors participated, together with representatives from four credit rating agencies and 28 investors from 21 organisations. View article

 

Find the ELFA-PRI sector-specific ESG Fact Sheets here.