LONDON, April 10,
2024 /PRNewswire/ -- S&P Global Ratings is
delighted to have won the External Assessment Provider of the year
award at Environmental Finance's Sustainable Debt Awards.
These annual awards aim to celebrate green, social, sustainable and
sustainability-linked bonds and loans deals, as well as recognize
market innovations in the growing and evolving field of sustainable
finance.
The independent judging panel made up of global investors
awarded the External Assessment Provider of the year category to
S&P Global Ratings, noting its "breadth and depth of assessment
is very impressive."
The award comes on the back of the successful integration of the
Shades of Green's scale into a combined analytical approach for
delivering Second Party Opinions (SPOs). S&P Global Ratings'
SPOs provide customers and the wider market the benefits of a
rigorous, transparent, science-based approach that includes an
instantly comprehensible Shades of Green assessment.
"It's an honor to be trusted by investors for the quality and
consistency of our SPOs, backed by the Shades of Green methodology
and providing deeper transparency on climate risks," said
Christa Clapp, Global Head of
Sustainable Finance Markets Analytics at S&P Global
Ratings.
In the updated analytical approach, S&P Global Ratings
outlines its process for providing SPOs, defines an S&P Global
Ratings Shade of Green and explains how it is assigned to
environmental projects. In addition, it contextualizes how a
sustainable finance project contributes to addressing what we
consider to be the issuer's most material sustainability factors,
as well as its management of additional considerations relevant to
the sustainable financing. The integrated analysis produces four
analytical outputs:
- Alignment assessment: examines whether a financing's
documentation aligns with certain third-party published sustainable
finance principles and guidelines identified by the issuer;
- Shade of green: for green projects, opines on how consistent an
economic activity or financial investment is with a low-carbon,
climate resilient future;
- Issuer sustainability context: opines on how the financing
contributes to addressing what S&P Global Ratings considers to
be the issuer's most material sustainability factors;
- EU Taxonomy assessment: provides an assessment of a financing's
alignment with the EU taxonomy, upon request from an issuer.
SPOs are independent assessments of a company's financing or
framework's alignment with market standards and are typically
provided before any borrowing is raised. They are not credit
ratings, do not consider credit quality, and do not factor into
S&P Global Ratings' credit ratings.
For more on S&P Global Ratings' SPOs, visit
spglobal.com.
About S&P Global Ratings
S&P Global Ratings, part of S&P Global Inc. (NYSE:
SPGI), is the world's leading provider of independent credit risk
research. We publish more than a million credit ratings on debt
issued by sovereign, municipal, corporate and financial sector
entities. With over 1,600 credit analysts in 27 countries, and more
than 150 years' experience of assessing credit risk, we offer a
unique combination of global coverage and local insight. Our
research and opinions about relative credit risk provide market
participants with information that helps to support the growth of
transparent, liquid debt markets worldwide.
Media Contacts:
S&P Global Ratings
Arnaud Humblot
Communications Director, EMEA
+44 (0) 7817 126 628
arnaud.humblot@spglobal.com
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SOURCE S&P Global Ratings