S&P recently purchased Shades of Green, which has been described as "the largest external reviewer of sustainable bond and green financing frameworks." This acquisition emphasizes the recent strategic move by major ratings agencies--including
Of course, as ratings agencies take steps to build their capabilities to satisfy market demand for such investments, this shift in the marketplace has also captured the attention of regulators. The
In any event, it is clear that the prominence and salience of "green" investments is growing, and that this area should be monitored carefully for significant developments, whether in the private marketplace or by government regulators.
Leading credit ratings, benchmarks and analytics provider
Shades of Green's Second Party Opinions (SPOs) are independent, research-based assessments on companies' and governments' green, sustainability and sustainability-linked debt issuances and frameworks, evaluating alignment with market standards, typically provided before any borrowing is raised. The company also provides climate risk and impact reporting reviews of companies.
https://www.esgtoday.com/sp-acquires-largest-sustainable-bo
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