All Fixed income articles – Page 12
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Webinar
ESG in credit risk and ratings: part 1 - the state of play
The PRI, BlueBay Asset Management and S&P Global Ratings discuss the state of play of integrating ESG factors in credit risk analysis.
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Thought leadership
ESG, credit risk and ratings: part 1 - the state of play
Investors and credit rating agencies (CRAs) are ramping up efforts to consider environmental, social and governance (ESG) factors in credit risk analysis.
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Thought leadership
Why ESG factors matter in credit risk analysis
Climate change, corporate scandals and the devastating effects of the global financial crisis are all stark reminders of why oversight, lack of transparency and accountability can negatively affect fixed income market pricing, volatility and, ultimately, financial stability.
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Thought leadership
Understanding credit ratings and ESG factors
It is important to understand what credit ratings actually measure, even if investors are familiar with credit rating agency rating scales: risks that affect fixed income instruments extend beyond credit risk, which is associated with the default probability of a borrower.
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Thought leadership
What rating agencies are doing on ESG factors
ESG factors are not completely new to credit analysis
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Thought leadership
How investors are approaching ESG factors and credit risk
A majority of PRI signatories say they use some form of ESG approach when investing in FI instruments, but ESG consideration is still far from being an integral element of the credit assessment process.
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Thought leadership
Materiality and visibility of ESG factors in credit risk analysis
Many investors believe that CRAs should take a more proactive approach to highlighting ESG considerations in their analysis.
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Thought leadership
Environmental issues gaining traction
The COP21 Paris Agreement has contributed to renewed focus on environmental factors. Climate-related risks could diminish or increase, depending on how countries implement legislation and policies to fulfil their nationally determined contributions to reduce greenhouse gas emissions.
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Thought leadership
Communication and transparency
Many of the hurdles in the way of systematic and transparent incorporation of ESG factors in credit ratings and analysis can be ascribed to how credit risk-related information is conveyed.
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Webinar
Climate strategies for sovereign bond investors
The PRI, Global Footprint Network, MN, and Degroof Petercam discuss climate strategies for sovereign bond investors.
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News and press
PRI teams with CFA Institute for global study on ESG investing
The Principles for Responsible Investment (PRI) and CFA Institute today announced that they will collaborate on a global study on environmental, social and governance (ESG) investing in a move to determine how widely ESG issues are used by mainstream investors.
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Podcast
Responsible investment news roundup - March 2017
Five-minute roundup of the latest responsible investment and ESG news. This month’s topics include Lloyds’ report on stranded assets, the new Fish Tracker Initiative, ACTIAM’s water-neutrality goal, NAB and gender equality bonds, and the Shareholders’ Rights Directive.
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Webinar
ESG analysis for energy and utilities credit analysts
The PRI, Societe Generale CIB and PIMCO discuss ESG analysis for energy and utilities credit analysts.
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Webinar
Climate strategies for corporate bond investors
The PRI, BNP Paribas IP and The 2° Investing Initiative discuss climate strategy methodologies for corporate bond investors
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Blog post
How ESG investing affects financial performance
Integrating ESG factors is beneficial for investment decision making. Increasing numbers of asset owners and investors can agree on this, but there is a growing realisation that deeper analysis is required.
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PRI Web Page
Statement on ESG in credit risk and ratings (available in different languages)
By signing the ESG in credit risk and ratings statement, credit rating agencies and fixed income investors commit to incorporating ESG into credit ratings and analysis in a systematic and transparent way. To date, the statement is supported by more than 180 investors (with over US$40trn in collective AUM) and ...
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PRI Web Page
负责任投资原则”（PRI）关于信用评级中的 ESG声明
我们签署，并认识到环境、社会和企业治理（ESG）因素会影响借款人的现金流量以及拖欠债务的可能性。因此ESG因素是评估借款人信用的重要因素。
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Case study
Quantifying the impact of more strictly enforced environmental regulation
Case study by Itaú Asset Management
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Case study
Using the Extractive Industries Transparency Initiative (EITI) to enhance credit ratings assessments
Case study by Extractive Industries Transparency Initiative (EITI)
