On June 28th, Moody's published a Request for Comment (RFC) for an Appendix to its ESG methodology, covering financial institutions, including multilateral development banks. The RFC will introduce considerations for the assignment of ESG scores to financial institutions.

In this session, Moody’s analysts will review the proposed Appendix and provide some highlights.

Discussion Topics

  • What are ESG’s Issuer Profile Score (IPS) and Credit Impact Score (CIS)?
  • How do ESG considerations impact credit ratings?


Speakers

  • Swami Venkataraman, CFA, Senior Vice President, Manager – ESG, Analytics and Integration (Moderator)
  • Lucia Lopez, VP – Senior Credit Officer, Environmental, Social and Governance Group
  • Simon Harris, Managing Director - Global Financial Institutions
  • Carola Schuler, Managing Director, Financial Institutions Group
  • Alessandro Roccati, Senior Vice President, Financial Institutions Group


Resources


You may also be interested in the APAC edition

Wednesday, 7 July 2021 | 16:00 HKT | 09:00 BST | | Register here 


About the new scores:
Issuer Profile Scores (IPS) are separate environmental, social and governance scores that assess an entity’s exposure to the categories of ESG that MIS regards as the most material to credit. The assessment of the exposure to E, S and G risks or benefits is based on the general ESG principles described in the methodology, and the scores provide a consistent way to express this assessment.

ESG Credit Impact Scores (CIS) reflect the impact of ESG considerations on the rating of an issuer or transaction. Whereas the E, S and G profile scores are based on an issuer’s or transaction’s outright exposure to ESG risks or benefits and ESG specific mitigants, the CIS places ESG considerations in the context of the issuer’s other credit drivers that are material to a given rating.

Following the commencement of TRIM in 2016, there are has been a multi phased approach to the ECB’s TRIM exercise. As we are gearing up for a year of further TRIM exercises and transitioning to review of wholesale and low default portfolios, Moody’s would like to host this webinar to provide:

  1. Further insight to the challenges in the market thus far
  2. The common themes across Europe
  3. Remediation and best practice approaches

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