Publication:
Credit Worthy: ESG Factors and Sovereign Credit Ratings

dc.contributor.author Gratcheva, Ekaterina M.
dc.contributor.author Gurhy, Bryan
dc.contributor.author Skarnulis, Andrius
dc.contributor.author Stewart, Fiona E.
dc.contributor.author Wang, Dieter
dc.date.accessioned 2022-01-24T17:29:42Z
dc.date.available 2022-01-24T17:29:42Z
dc.date.issued 2022-01
dc.description.abstract 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. en
dc.identifier http://documents.worldbank.org/curated/undefined/812471642603970256/Credit-Worthy-ESG-Factors-and-Sovereign-Credit-Ratings
dc.identifier.uri http://hdl.handle.net/10986/36866
dc.language English
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Equitable Growth, Finance and Institutions Insight;
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo
dc.subject SOVEREIGN DEBT
dc.subject ENVIRONMENTAL, SOCIAL, AND GOVERNANCE
dc.subject SOVEREIGN CREDIT RATING
dc.subject CREDITWORTHINESS
dc.subject LOW-CARBON TRANSITION
dc.subject STRANDED ASSET
dc.title Credit Worthy en
dc.title.subtitle ESG Factors and Sovereign Credit Ratings en
dc.type Working Paper en
dc.type Document de travail fr
dc.type Documento de trabajo es
dspace.entity.type Publication
okr.date.disclosure 2022-01-19
okr.date.lastmodified 2022-01-19T00:00:00Z en
okr.doctype Publications & Research
okr.doctype Publications & Research :: Working Paper
okr.docurl http://documents.worldbank.org/curated/undefined/812471642603970256/Credit-Worthy-ESG-Factors-and-Sovereign-Credit-Ratings
okr.guid 812471642603970256
okr.identifier.externaldocumentum 090224b088c9393a_1_0
okr.identifier.internaldocumentum 33707922
okr.identifier.report 167995
okr.imported true en
okr.language.supported en
okr.pdfurl http://documents.worldbank.org/curated/en/812471642603970256/pdf/Credit-Worthy-ESG-Factors-and-Sovereign-Credit-Ratings.pdf en
okr.topic Environment :: Adaptation to Climate Change
okr.topic Environment :: Carbon Policy and Trading
okr.topic Finance and Financial Sector Development :: Debt Markets
okr.topic Finance and Financial Sector Development :: Strategic Debt Management
okr.unit Climate Change Partnership & Kno (SCCCI)
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