Michael Wilkins, of S&P Global Ratings, interviewed by Environmental Finance regarding ESG Evaluation launch

In an interview with Environmental Finance, Michael Wilkins discusses the recent launch of S&P Global Ratings ESG Evaluation.

Separate from S&P’s credit ratings, the tool aims to help investors gain a better understanding of a company’s strategy, purpose and management quality.

Michael Wilkins

The ESG Evaluation tool is underpinned by a newly launched ESG Risk Atlas—a set of interactive charts that provide country and sector-level scores on environmental and social risk, including also exposure to natural disasters, corporate governance standards, and ESG-related regulations.

Read the full interview here (requires registration).

S&P Global Ratings’ Michael Wilkins discusses ESG Evaluation launch with Global Capital

Following the launch of S&P Global Ratings’ ESG Evaluation, Global Capital interviewed Michael Wilkins, managing director of Sustainable Finance.

In the interview, Wilkins discusses the launch, the methodology behind the tool, and the pilot studies conducted prior to the launch.

Asked what makes S&P different to other providers of similar services, Wilkins answered: “We don’t rely solely on data to come up with scores, which is what happens with most other players in the market … it is more dynamic, more involved.”

The full interview can be found here (behind paywall).

Commerzbank’s Ruediger Geis considers the BRI’s green credentials for BRINK Asia

Commerzbank Mitarbeiterportraits

Writing for Brink Asia, Ruediger Geis, Head of Trade affairs at Commerzbank AG, discusses China’s Belt and Road Initiative (BRI), and the green financing options being explored to fund aspects of it.

Geis considers China’s definition of ‘green’ – given that the country has been the leading emitter of greenhouse gases since 2007 – and the possibility that the project is catalysing a shift towards greener business in the region. China Development Bank successfully issued the first green BRI bond in 2017, supported by Commerzbank.

The article was published on Brink Asia in March 2019, and can be accessed here.

S&P Global Ratings assigns Green Evaluation score of E2/64 to Swedish real estate company’s proposed green bond, covered by specialist press

 

 

 

Samhällsbyggnadsbolaget i Norden AB (SBB)’s proposed green issuance has received an S&P Global Ratings Green Evaluation score of E2/64. The Swedish real estate company plans to use proceeds from the proposed SEK 500 million green bond to build energy-efficient infrastructure through redeveloping and renovating existing buildings.

The score – the second-highest on the Green Evaluation’s scale of E1 (highest) to E4 (lowest) – reflects a weighted aggregate of three criteria: Transparency, Governance, and Mitigation. While SBB’s proposed issuance achieved Transparency and Governance scores of 91 and 76 respectively, Sweden’s relatively clean grid means the net benefit is comparatively low and caps the overall score at the Mitigation score of 64.

Following outreach from Moorgate, news of the Evaluation was covered by Environmental Finance and the Financial Times (requires registration to view).

S&P Global Ratings’ Michael Ferguson explores how California’s 100% renewable mandate will impact power markets; covered by the specialist press

In September, California Governor, Jerry Brown, unveiled a new gold standard for renewable energy in the U.S. – a mandate requiring the state to go 100% “green” by 2045. Yet for all the bill’s praise, a report published by S&P Global Ratings suggests that numerous technological and political challenges lie ahead.

As California edges towards its renewable goal, the economics of gas-fired generation promises to worsen. On the flip side, renewable energy will of course benefit though the extent of this will depend on the asset type. The durability and reliability of hydro and geothermal power, for instance, put these assets in pole position. Question marks remain over solar and wind, however:  the intermittent nature of these resources will, according to some estimates, necessitate a 200-fold increase in battery storage. Development in this sector has yet to truly take off.

Following Moorgate’s outreach, Climate Change News, Infrastructure Investor, Energy Manager Today, Energy Manager Today, NA Clean Energy, and Environmental Finance covered the news.

The Banker names Natixis’ Green and Sustainable Hub as its Team of the Month

The Banker has profiled Natixis’s Green and Sustainable Hub (GSH) as its Team of the Month. The hub, integral to all of Natixis’ work in green and sustainable finance sector, is helping to cement Natixis’ position as the leading reference bank for such activities.

Speaking with Orith Azoulay, Head of the GSH, and Thomas Girard, in charge of business development at the GSH, the article highlights some of the team’s achievements from the past year, including the first commercial mortgage-backed securities (CMBS), real-estate loans and structured notes.

To read the full article, please click here

Natixis wins The Banker’s “Most innovative investment bank for climate change and sustainability”

The Banker has named Natixis “Most innovative investment bank for climate change and sustainability” at its 2018 Investment Banking Awards.

The award recognises the innovative work Natixis is doing in the green and sustainable finance sector, including numerous first-of-their-kind deals and the development of an internal mechanism for integrating environmental risks into their overall risk assessment for financings worldwide.

To read the full article, please click here (login required)

Natixis’ Orith Azoulay and Louis Douady discuss the Green Weighting Factor in Environmental Finance

In an interview with Environmental Finance, Orith Azoulay, Head of Natixis’ Green and Sustainable Hub, and Louis Douady, Natixis’ Head of Environmental and Social Responsibility, discuss the bank’s new “green weighting factor”.

They explain how Natixis wanted to anticipate any incoming European regulation and introduce a highly versatile methodology which covers diverse industries while also working alongside existing taxonomies.

To read the article in full, please click here (please note the paywall).

 

Orith Azoulay, Global Head of Natixis’s Green and Sustainability Hub, discusses sustainable structured products in The Banker

Quoted in The Banker, Orith Azoulay, Global Head of Natixis’s Green and Sustainability Hub, explained that the growing trend for investors is “a top-down, cross-asset class commitment to ESG and/or green”.

However, Azoulay also noted that “the market has not defined per se what a green structured product is and how to assess its greenness”, and while common guidelines have been developed for other asset classes, a framework is still lacking for structured products.

To read the article in full, please click here (please note the paywall).