Neal Pandozzi Quoted in “S&P backs down from ESG scores critics called ‘confusing’” in The Bond Buyer
S&P Global Ratings’ announced it will no longer publish new or updated environmental, social and governance (ESG) credit indicators in its reports. Calling its decision independent and analytical, the rating agency noted its reports will continue to address ESG credit factors. Neal Pandozzi spoke with The Bond Buyer about S&P’s decision and what it means for public finance.
Neal noted that S&P’s move “arguably eliminates any appearance of an ESG ranking system, where ESG scores alone could be misconstrued as directly influencing rating decisions, independent of the total mix of available information relevant to an issuer’s creditworthiness.”
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Categorized: News
Tagged In: public finance, ESG bonds, ESG credit indicators
