media-releases Ratings /ratings/en/media-center/media-releases/sp-global-ratings-offers-new-framework-alignment-opinions-under-enhanced-green-evaluation-service content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

S&P Global Ratings offers new Framework Alignment Opinions under enhanced Green Evaluation service

Credit ratings agency expands its Green Evaluation service to provide framework alignment opinions with the Green Bond Principles and Green Loan Principles

LONDON, Jun. 09 2020 — LONDON. S&P Global Ratings. 9 June 2020. S&P Global Ratings has today launched its Green Financing Framework Alignment Opinions under its already-established Green Evaluation service. This means that, for the first time, the credit ratings agency can provide second party opinions on not just the “greenness” of labelled and non-labelled green financial instruments, but also the alignment of entities’ frameworks for issuing such transactions to global market guidelines. The original Green Evaluation can complement these opinions by providing investors with an independent, transparent and deep dive impact assessment of the “greenness” of a transaction.

The Framework Alignment Opinion reflects the degree to which an entity’s green financing framework, which governs its existing or proposed green issuance, adheres to the four components of either the Green Bond Principles (GBP) or the Green Loan Principles (GLP): Use of Proceeds; Process for Project Evaluation and Selection; Management of Proceeds; and Reporting. Devised by the International Capital Markets Association (ICMA), the GBPs are the leading voluntary set of principles for the governance and transparency of green bonds. Similarly, the Loan Market Association (LMA)’s GLP provide the same guidelines for green loans.

Susan Gray, Global Head of Sustainable Finance Business and Innovation, S&P Global Ratings added: “In an increasingly complex capital markets environment, issuers are looking for informed and respected opinions on their green financing and ESG strategies that help them communicate clearly with investors. At the same time, the investing community is expecting more transparency and better analysis of the green and ESG attributes of their investments. We believe the market’s appetite for framework alignment opinions demonstrates a greater commitment to sustainable finance. ”

This is the latest development to S&P Global Ratings’ Green Evaluation service, which, since its launch in 2017, has evaluated the net environmental benefit of over U$38 billion worth of transactions. It follows the expansion of the Green Evaluation methodology in December 2019 to include agriculture, forestry, and waste, along with 30 additional technologies, such as cogeneration (biomass-based) and fuel cells as part of the renewables analysis.

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 1,400 credit analysts in 26 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.

 

S&P Global Ratings Sustainable Finance

Our analysts work to ensure that we provide essential insights into ESG factors.

Our broad array of sustainability services and research is critical to the economic growth and social well- being for the sustainability of cities and regions across the world. Governments and policy makers look to our insights for securing the funding needed to support sustainable development.

S&P Global Ratings Media Contact

Arnaud Humblot
P.   (+44) 20-7176-6685
E. Arnaud.Humblot@spglobal.com