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AuthorYearReference 

Independent

2019

International Renewable Energy Agency (IRENA) – A New World: The Geopolitics of the Energy Transformation.

Link

Investor

2019

HSBC Global Research – Sovereigns and ESG.

Link

Investor

2018

Aegon Asset Management – ESG Integration in Sovereign Portfolios.

Link

CRA

2018

Moody’s Investors Service - Sovereigns – Hydrocarbon exporters: Carbon transition manageable for most; significant credit pressure in event of more ambitious transition

Link

PRI

2018

PRI and TIIP –Why and how investors can respond to income inequality.

Link

PRI

2018

CFA Institute and PRI - Guidance and case studies for ESG integration: equities and fixed income.

Link

PRI

2018

CFA Institute and PRI - ESG integration in the Americas: markets, practices, and data.

Link

CRA

2018

Moody’s Investors Service - Social issues have multiple impacts on government credit quality.

Link

Investor

2018

Investec Asset Management – ESG in Emerging Market Sovereign Debt.

Link

Investor

2018

Insight Investment – Insight’s Country Sustainability Risk Model

Link

Investor

2018

HSBC Global Research – Sovereigns and ESG: Is there value in virtue?

*

Investor

2018

HSBC Global Research – Fragile Planet: Scoring Climate Risks Around the World.

Link

Investor

2018

Credit Suisse – The future of GDP.

Link

Investor

2018

Trucost by S&P Dow Jones Indices – Accounting for carbon: sovereign bonds.

Link

Investor

2018

PIMCO - Applying ESG analysis to sovereign bonds.

Link

Investor

2018

Aegon Asset Management - The Integral Role of ESG Factors in Emerging Markets Investing.

Link

Investor

2018

Franklin Templeton Investments - Global Marco Shifts: Environmental, Social and Governance Factors in Global Macro Investing.

Link

CRA

2018

Moody’s Investors Service - Environmental, social and governance risks influence sovereign ratings in multiple ways.

Link

CRA

2018

Scope Ratings - ESG and sovereign ratings: Distinct risks,

overlap exists, but challenges ahead.

Link

Academic

2018

UN Environment - Climate Change and the Cost of Capital in Developing Countries.

Link

News article

2018

FT - Sovereign bond funds employ ESG to hold nations to account.

Link

News article

2018

FT - Investing in Russia: the good, the bad and the ESG.

Link

PRI

2017

PRI - Shifting perceptions: ESG, Credit Risk, and Ratings. (pp. 20-25)

Link

PRI

2017

PRI - PRI Webinar: Climate Strategies for Sovereign Bond Investors. Speakers: Global Footprint Network, MN, and Degroof Petercam.

Link

PRI

2017

PRI - BNP Paribas Asset Management – Engaging with Sovereign Green Bond Issuers. PRI ESG Engagement for Fixed Income Investors Case Study Series.

Link

Investor

2017

PGIM - Our Sovereign ESG Framework.

Link

Investor

2017

Allianz Global Investors - ESG in sovereign bonds.

Link

Investor

2017

Candriam - Candriam ESG Country Report.

Link

Investor

2017

Lazard Asset Management - Giving Credit Where It’s Due ESG Factors in EM Sovereign Debt.

Link

CRA

2017

S&P Global Ratings - How Does S&P Global Ratings Incorporate

Environmental, Social, And Governance Risks Into Its Ratings Analysis.

Link

Service provider

2017

MSCI - Did ESG ratings help to explain changes in sovereign CDS spreads?

Link

Academic

2017

Duyvesteyn et al - Political risk and expected government bond returns.

Link

News article

2017

Reuters - Dumping Venezuela’s debt may just be a start for ethical bond buying.

Link

PRI

2016

PRI - PRI Webinar: ESG in Sovereigns. Speakers: Neuberger Berman and DZ Bank.

Link

Investor

2016

Standard Life Investments - Considering ESGP for Emerging Market Sovereigns.The value of environmental, social, governance and political (ESGP) factors in emerging market analysis.

*

Investor

2016

Notenstein Private Bank - Sustainability analysis of countries.

*

Investor

2016

Standish – Sovereign ESG model.

Link

Service provider

2016

Global Footprint Network and South Pole Group - Carbon disclosure and climate risk In sovereign bonds.

Link

CRA

2016

Moody’s Investors Service - Understanding the Impact of Natural Disasters: Exposure to Direct Damages Across Countries.

Link

CRA

2016

Moody’s Investors Service - How Moody’s Assesses the Physical Effects of Climate Change on Sovereign Issuers.

Link

Independent

2016

UNEP - ERIC Phase II: How food prices link environmental constraints to sovereign credit risk.

Link

Academic

2016

Berg et al - Sovereign bond spreads and extra-financial performance: an empirical analysis of emerging markets.

Link

PRI

2015

PRI - Beyond Ratings – The impact of energy and climate on sovereign risk. PRI Fixed Income Case Study Series.

Link

PRI

2015

PRI - Global Evolution – The business case for considering ESG dynamics in sovereign bonds. PRI Fixed Income Case Study Series.

Link

Investor

2015

DZ Bank - Sustainability country rating.

*

Investor

2015

Robeco - Leading approach to ESG integration. ESG country analysis in government bond process.

*

Academic

2015

Capelle-Blancard et al - ESG performance and sovereign spreads: an empirical analysis of OECD economies.

Link

PRI

2014

PRI - Fixed income investor guide. (pp.13-15)

Link

Investor

2014

Union Investment - Corruption and the risks of losses on government bonds.

*

CRA

2014

S&P Global Ratings - Climate Change Is A Global Mega-Trend For Sovereign Risk.

*

PRI

2013

PRI - Sovereign bonds: spotlight on ESG risks.

Link

Investor

2013

AXA IM - Sovereign debt investing: ESG framework and applications.

*

Investor

2013

Neuberger Berman - ESG Factors in Sovereign Debt Investing.

*

Investor

2013

Oddo Securities - Public debt: fresh challenges and ESG rating.

*

Independent

2012

UNEP. (2012). A New Angle on Sovereign Credit Risk. E-RISC: Environmental Risk Integration in Sovereign Credit Analysis.

*

Investor

2011

Sarasin - Sustainable fulfilment of sovereign obligations.

Link