Publication:
Credit Worthy: ESG Factors and Sovereign Credit Ratings

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dc.contributor.authorGratcheva, Ekaterina M.
dc.contributor.authorGurhy, Bryan
dc.contributor.authorSkarnulis, Andrius
dc.contributor.authorStewart, Fiona E.
dc.contributor.authorWang, Dieter
dc.date.accessioned2022-01-24T17:29:42Z
dc.date.available2022-01-24T17:29:42Z
dc.date.issued2022-01
dc.description.abstractThe 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.identifierhttp://documents.worldbank.org/curated/undefined/812471642603970256/Credit-Worthy-ESG-Factors-and-Sovereign-Credit-Ratings
dc.identifier.doi10.1596/36866
dc.identifier.urihttps://hdl.handle.net/10986/36866
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesEquitable Growth, Finance and Institutions Insight;
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectSOVEREIGN DEBT
dc.subjectENVIRONMENTAL, SOCIAL, AND GOVERNANCE
dc.subjectSOVEREIGN CREDIT RATING
dc.subjectCREDITWORTHINESS
dc.subjectLOW-CARBON TRANSITION
dc.subjectSTRANDED ASSET
dc.titleCredit Worthyen
dc.title.subtitleESG Factors and Sovereign Credit Ratingsen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleCredit Worthy
okr.date.disclosure2022-01-19
okr.date.doiregistration2025-05-05T12:02:16.127221Z
okr.date.lastmodified2022-01-19T00:00:00Zen
okr.doctypePublications & Research
okr.doctypePublications & Research::Working Paper
okr.docurlhttp://documents.worldbank.org/curated/undefined/812471642603970256/Credit-Worthy-ESG-Factors-and-Sovereign-Credit-Ratings
okr.guid812471642603970256
okr.identifier.externaldocumentum090224b088c9393a_1_0
okr.identifier.internaldocumentum33707922
okr.identifier.report167995
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/812471642603970256/pdf/Credit-Worthy-ESG-Factors-and-Sovereign-Credit-Ratings.pdfen
okr.topicEnvironment::Adaptation to Climate Change
okr.topicEnvironment::Carbon Policy and Trading
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicFinance and Financial Sector Development::Strategic Debt Management
okr.unitClimate Change Partnership & Kno (SCCCI)
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