Credit Worthy : ESG Factors and Sovereign Credit Ratings
The increasing role of the financial sector in the move toward a more sustainable economic model continues apace. The Coronavirus (COVID-19) shock shone a light on the need for all society to correct course, and the financial sector is responding....
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World Bank, Washington, DC
2022
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| Online Access: | http://documents.worldbank.org/curated/undefined/812471642603970256/Credit-Worthy-ESG-Factors-and-Sovereign-Credit-Ratings http://hdl.handle.net/10986/36866 |
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okr-10986-368662022-01-25T05:10:35Z Credit Worthy : ESG Factors and Sovereign Credit Ratings Gratcheva, Ekaterina M. Gurhy, Bryan Skarnulis, Andrius Stewart, Fiona E. Wang, Dieter SOVEREIGN DEBT ENVIRONMENTAL, SOCIAL, AND GOVERNANCE SOVEREIGN CREDIT RATING CREDITWORTHINESS LOW-CARBON TRANSITION STRANDED ASSET The increasing role of the financial sector in the move toward a more sustainable economic model continues apace. The Coronavirus (COVID-19) shock shone a light on the need for all society to correct course, and the financial sector is responding. The pace of environmental, social, and governance (ESG) integration into investment decisions, which has become the prevalent form of sustainable finance, continues to accelerate. These developments reflect changing societal perspectives that challenge the traditionally ingrained investment approaches that have evolved over many decades. Against this backdrop, various financial sector stakeholders continue to evaluate how their role, products, and tools should adapt to this evolving landscape. This paper focuses on sovereign credit ratings and empirically assesses how broad sovereign ESG factors as well as the ESG factors specific to a country’s national wealth and management of risks and opportunities related to so-called stranded assets like fossil fuel resources are manifested in sovereign credit rating assessments. 2022-01-24T17:29:42Z 2022-01-24T17:29:42Z 2022-01 Working Paper http://documents.worldbank.org/curated/undefined/812471642603970256/Credit-Worthy-ESG-Factors-and-Sovereign-Credit-Ratings http://hdl.handle.net/10986/36866 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 Publications & Research Publications & Research :: Working Paper |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English |
| topic |
SOVEREIGN DEBT ENVIRONMENTAL, SOCIAL, AND GOVERNANCE SOVEREIGN CREDIT RATING CREDITWORTHINESS LOW-CARBON TRANSITION STRANDED ASSET |
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SOVEREIGN DEBT ENVIRONMENTAL, SOCIAL, AND GOVERNANCE SOVEREIGN CREDIT RATING CREDITWORTHINESS LOW-CARBON TRANSITION STRANDED ASSET Gratcheva, Ekaterina M. Gurhy, Bryan Skarnulis, Andrius Stewart, Fiona E. Wang, Dieter Credit Worthy : ESG Factors and Sovereign Credit Ratings |
| relation |
Equitable Growth, Finance and Institutions Insight; |
| description |
The increasing role of the financial
sector in the move toward a more sustainable economic model
continues apace. The Coronavirus (COVID-19) shock shone a
light on the need for all society to correct course, and the
financial sector is responding. The pace of environmental,
social, and governance (ESG) integration into investment
decisions, which has become the prevalent form of
sustainable finance, continues to accelerate. These
developments reflect changing societal perspectives that
challenge the traditionally ingrained investment approaches
that have evolved over many decades. Against this backdrop,
various financial sector stakeholders continue to evaluate
how their role, products, and tools should adapt to this
evolving landscape. This paper focuses on sovereign credit
ratings and empirically assesses how broad sovereign ESG
factors as well as the ESG factors specific to a country’s
national wealth and management of risks and opportunities
related to so-called stranded assets like fossil fuel
resources are manifested in sovereign credit rating assessments. |
| format |
Working Paper |
| author |
Gratcheva, Ekaterina M. Gurhy, Bryan Skarnulis, Andrius Stewart, Fiona E. Wang, Dieter |
| author_facet |
Gratcheva, Ekaterina M. Gurhy, Bryan Skarnulis, Andrius Stewart, Fiona E. Wang, Dieter |
| author_sort |
Gratcheva, Ekaterina M. |
| title |
Credit Worthy : ESG Factors and Sovereign Credit Ratings |
| title_short |
Credit Worthy : ESG Factors and Sovereign Credit Ratings |
| title_full |
Credit Worthy : ESG Factors and Sovereign Credit Ratings |
| title_fullStr |
Credit Worthy : ESG Factors and Sovereign Credit Ratings |
| title_full_unstemmed |
Credit Worthy : ESG Factors and Sovereign Credit Ratings |
| title_sort |
credit worthy : esg factors and sovereign credit ratings |
| publisher |
World Bank, Washington, DC |
| publishDate |
2022 |
| url |
http://documents.worldbank.org/curated/undefined/812471642603970256/Credit-Worthy-ESG-Factors-and-Sovereign-Credit-Ratings http://hdl.handle.net/10986/36866 |
| _version_ |
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