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Where Are the World’s Most Sustainable Companies? (Visual Capitalist, 4 min read) Europe is home to 49% of the world’s most sustainable companies with North America in second place with 29% and Asia just 16. Denmark’s Orsted comes out on top.
How Green is ESG? (Politico, 2 min read) BlackRock’s focus on climate change earlier this year has exposed it’s investment into non-green companies such as refiners, chemical companies and oil and gas companies. These companies have “a unique ESG” profile according to BlackRock which each pillar of ESG deemed to be equally important.
ESG Factors More Significant For Developed Market Sovereign Credit (Pensions&Investment, 1 min read) Higher ESG scores are associated with tighter CDS spreads in developed markets. Some impact is also seen between credit spreads and ESG scores in EM but this remains less robust.