Nordic Credit Rating (NCR) considers Environmental, Social, and Governance (ESG) risks and opportunities in the credit rating process in order to assess how and to what extent ESG factors can impact creditworthiness.
NCR is a signatory of the Statement on ESG (environmental, social and governance) in credit risk and ratings issued by Principles for Responsible Investment (PRI), a leading proponent of responsible investment supported by the United Nations. As a signatory of this statement, NCR is committed to:
- evaluate the extent to which ESG factors are credit-relevant for different issuers;
- publish our views transparently on the ways in which ESG factors are considered in credit ratings;
- review the ways ESG factors are integrated into credit analysis as our understanding of these factors evolves;
- maintain organisational governance and resourcing to deliver quality ratings, including ESG analysis where relevant;
- participate in industry-wide efforts to develop consistent public disclosure by issuers on ESG factors that could impact their creditworthiness; and
- participate in dialogue with investors to identify and understand ESG risks to creditworthiness.
The following documents outline our ESG statement and how ESG factors are considered in our rating methodologies.
- Statement on ESG in credit risk and ratings
- ESG factors in corporate ratings
- ESG factors in financial institutions ratings