Since 2016, the PRI has been working with fixed income investors and credit rating agencies (CRAs) through the ESG in Credit Risk and Ratings Initiative to encourage the transparent and systematic consideration of ESG factors in credit risk assessments.

During the second phase of this project, we deepened the dialogue initiated with investors and CRAs in phase one and extended it to corporate debt borrowers, ESG information providers and investment consultants. The initiative has provided a unique forum for different types of stakeholders to engage, discuss challenges and start thinking about solutions.

The initiative is currently supported by more than 180 investors and 28 CRAs. We have seen a lot of progress, but the engagement needs to continue. Read the latest report and sign the Statement to become a supporter.