Environmental, Social and Governance
implications for fixed income markets & Credit ratings
ESG & Credit Highlights
Cross-Sector: Social issues have multiple impacts on government credit quality
Social issues such as demographics, labor force, income and education drive key aspects of credit quality for national, regional and local governments: economic strength, governmental stability and financial flexibility. The impact of environmental, social and governance (ESG) components can change over time and most often involve credit risk but can also convey credit strength.
ESG & Credit Highlights
Environmental Risks Global Heatmap Overview
Our heat map assesses the environmental risk exposure of 84 sectors globally, with $74.6 trillion in rated debt. We find that 11 sectors with $2.2 trillion in rated debt have elevated credit exposure. For these sectors, environmental risks are either already material to credit quality or could be over the next three to five years.
ESG & Credit Highlights
Podcast: Moody's issues its first green bond assessment for a covered bond
In the latest installment of our podcast series on environmental issues, Rahul Ghosh from our EMEA green bond team and Jane Soldera from our EMEA covered bonds discuss our first green bond assessment for a covered bond; what it means to have a green bond assessment for a covered bond; and how Europe's covered bond market is getting greener.
ESG & Credit Highlights
Green Bonds - Global: Issuance in the first three quarters of 2018 flat compared with 2017
Green bond issuance in the first three quarters of 2018 was roughly in line with the same period of 2017 when issuers brought $110.1 billion of green bonds to market. At this rate, the market remains below the pace needed to achieve our revised full-year forecast of $175-200 billion.

Infographics

Japanese Electric
Vehicles
Environmental Risks Global Heatmap
Green Bonds
Key Numbers and
Trends
Floods, Droughts & Wildfire Risk in Europe
Regulated Utilities & Carbon Risk
The Economic Impact of Natural Disasters
Electric Vehicles Growth in California
Falling Renewable Energy Costs
Green Bonds Assessment Overview

research themes

RESEARCH

Environmental

Subscribers only
SUB-SOVEREIGN
Despite state support, environmental risks will strain budgets of Italy’s regional and local governments
21
Nov
2018
Subscribers only
INFRASTRUCTURE AND PROJECT FINANCE
Australia: Renewable energy investment to continue, despite energy policy uncertainties
30
Oct
2018
Subscribers only
CORPORATES
EU plans to reduce pollution from plastics are credit negative for plastic packaging firms
29
Oct
2018
Subscribers only
U.S. PUBLIC FINANCE
Utah: Drought emergency points to credit-negative exposure to warmer temperatures
24
Oct
2018

Social

Subscribers only
CROSS-SECTOR
EMEA: Credit effect of equality ruling on UK defined benefit pension plans will be minimal for most firms
10
Dec
2018
Subscribers only
SUB-SOVEREIGN
China’s social welfare spending shift is credit positive, particularly for developing regions
27
Nov
2018

Governance

Subscribers only
CORPORATES
Retail — Europe: Corporate governance key driver of credit quality
22
Nov
2018
Subscribers only
SOVEREIGN AND SUPRANATIONAL
Effectiveness of Nordic countries' fiscal frameworks reflects institutional strengths
30
Oct
2018

Greening the Financial System

Subscribers only
Cross-sector
Green Bonds – Global: Environmental impact and reporting vary by jurisdiction and asset class
4
Dec
2018
Subscribers only
Structured Finance - Global
Green finance sprouts across structured finance sectors
13
Nov
2018

UPCOMING EVENTS

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