New research from Beyond Ratings and Hermes Investment Management
We are pleased to announce the publication of a White Paper co-authored with Hermes Investment Management. "Pricing ESG Risk in Sovereign Bonds" highlights the correlation between environmental, social and governance (ESG) and sovereign spreads. Analysing 5-year CDS spreads and ESG scores from 59 countries during 2009-2018, our research indicates that countries scoring highest on ESG issues benefit from tighter credit default swap (CDS) spreads than those with lower ESG scores.
For further information, please see our press release: