Demystifying Sovereign ESG

The evolution of sustainable finance to mainstream finance has been motivated by a growing demand for the financial sector to play a greater role in the transformation of the current economic model into a more sustainable one. The introduction of t...

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Main Authors:	Gratcheva, Ekaterina M., Emery, Teal, Wang, Dieter
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	ENVIRONMENTAL SUSTAINABILITY GOVERNANCE ESG SCORE METHODOLOGY ENVIRONMENTAL KUZNETS CURVE WEALTH COMPOSITION SUSTAINABLE DEVELOPMENT GOALS SUSTAINABLE FINANCE
Online Access:	http://documents.worldbank.org/curated/en/842671621238316887/Demystifying-Sovereign-ESG http://hdl.handle.net/10986/35586

id	okr-10986-35586
recordtype	oai_dc
spelling	okr-10986-355862021-06-14T09:53:02Z Demystifying Sovereign ESG Gratcheva, Ekaterina M. Emery, Teal Wang, Dieter ENVIRONMENTAL SUSTAINABILITY GOVERNANCE ESG SCORE METHODOLOGY ENVIRONMENTAL KUZNETS CURVE WEALTH COMPOSITION SUSTAINABLE DEVELOPMENT GOALS SUSTAINABLE FINANCE The evolution of sustainable finance to mainstream finance has been motivated by a growing demand for the financial sector to play a greater role in the transformation of the current economic model into a more sustainable one. The introduction of the United Nation’s (UN) Sustainable Development Goals and the Paris Agreement on climate change in 2015 have helped galvanize a societal shift to ensure a sustainable future and to fight climate change in particular. As a result, the pace of environmental, social, and governance (ESG) integration, which has become the most prevalent form of sustainable finance, has accelerated in recent years. Market participants continue to grapple with adapting the ESG framework to the sovereign context, despite significant progress of ESG integration in the corporate bond and equity asset class. This challenge is due to the multifaceted nature of ESG-related issues facing governments in relation to corporate entities, as well as a more complex transmission mechanism of the sovereign debt asset class to sustainable outcomes in the real economy. This paper demystifies sovereign ESG as a distinct segment of the ESG sector by assessing the major sovereign ESG providers that have laid the foundation for the operationalization of ESG investing in sovereign fixed income markets. 2021-05-17T16:38:33Z 2021-05-17T16:38:33Z 2020-12-31 Report http://documents.worldbank.org/curated/en/842671621238316887/Demystifying-Sovereign-ESG http://hdl.handle.net/10986/35586 English Equitable Growth, Finance and Institutions Insight; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Other Environmental Study
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ENVIRONMENTAL SUSTAINABILITY GOVERNANCE ESG SCORE METHODOLOGY ENVIRONMENTAL KUZNETS CURVE WEALTH COMPOSITION SUSTAINABLE DEVELOPMENT GOALS SUSTAINABLE FINANCE
spellingShingle	ENVIRONMENTAL SUSTAINABILITY GOVERNANCE ESG SCORE METHODOLOGY ENVIRONMENTAL KUZNETS CURVE WEALTH COMPOSITION SUSTAINABLE DEVELOPMENT GOALS SUSTAINABLE FINANCE Gratcheva, Ekaterina M. Emery, Teal Wang, Dieter Demystifying Sovereign ESG
relation	Equitable Growth, Finance and Institutions Insight;
description	The evolution of sustainable finance to mainstream finance has been motivated by a growing demand for the financial sector to play a greater role in the transformation of the current economic model into a more sustainable one. The introduction of the United Nation’s (UN) Sustainable Development Goals and the Paris Agreement on climate change in 2015 have helped galvanize a societal shift to ensure a sustainable future and to fight climate change in particular. As a result, the pace of environmental, social, and governance (ESG) integration, which has become the most prevalent form of sustainable finance, has accelerated in recent years. Market participants continue to grapple with adapting the ESG framework to the sovereign context, despite significant progress of ESG integration in the corporate bond and equity asset class. This challenge is due to the multifaceted nature of ESG-related issues facing governments in relation to corporate entities, as well as a more complex transmission mechanism of the sovereign debt asset class to sustainable outcomes in the real economy. This paper demystifies sovereign ESG as a distinct segment of the ESG sector by assessing the major sovereign ESG providers that have laid the foundation for the operationalization of ESG investing in sovereign fixed income markets.
format	Report
author	Gratcheva, Ekaterina M. Emery, Teal Wang, Dieter
author_facet	Gratcheva, Ekaterina M. Emery, Teal Wang, Dieter
author_sort	Gratcheva, Ekaterina M.
title	Demystifying Sovereign ESG
title_short	Demystifying Sovereign ESG
title_full	Demystifying Sovereign ESG
title_fullStr	Demystifying Sovereign ESG
title_full_unstemmed	Demystifying Sovereign ESG
title_sort	demystifying sovereign esg
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/en/842671621238316887/Demystifying-Sovereign-ESG http://hdl.handle.net/10986/35586
_version_	1764483383324311552

Demystifying Sovereign ESG

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