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S&P launches new green evaluation service

LONDON, April 26, 2017

S&P Global Ratings has announced the launch of its Green Evaluation service, a comprehensive approach to measuring sustainability at the asset level.

Green Evaluations, which are separate from traditional credit ratings, can be used to assess the green impact of a variety of securities and are independent of credit characteristics.

"We wanted to respond to the robust market demand for rankings that consistently measure climate risk and environmental impact, and research that delivers actionable insights," said Michael Wilkins, managing director and head of Environmental and Climate Risk Research at S&P Global Ratings.

"We developed this approach after consultation with investors, issuers, and other constituents, and we're confident that it sets a new standard in the green finance market."

Green Evaluations are currently available for projects or initiatives focused on renewable energy, energy efficiency, green transportation, environmentally compliant buildings, fossil fuel projects, nuclear, and water. The evaluations can be applied to all or part of an eligible financial instrument.

The Green Evaluations are aligned with the International Capital Market Association's widely accepted Green Bond Principles, as well as provide a benchmark on environmental impact or climate resilience.

In determining a Green Evaluation, S&P Global Ratings first evaluates the governance and transparency of financings from an environmental perspective.

Depending on the project, analysts will then either estimate an asset's expected lifetime environmental impact in its region or its likely level of resilience to natural catastrophes. Evaluations will be delivered as a digital or printable report that will be available through the S&P Global Market Intelligence platform, as well as the upcoming Ratings360 platform. – TradeArabia News Service
 




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