Environmental Risks & Sovereign Bonds: Beyond Climate Change

SPEAKER(S):Global Footprint Network, UNEP-FI, S&P, Swiss Re, First State Investments, HSBC and Kepler Cheuvreux.

DATE:05/18/2106

TOPICS:environmental risks, green bonds, sovereing bonds

LINKS:

SUMMARY:

Environmental Risks & Sovereign Bonds: Beyond Climate Change - ERISC II Launch and Panel Discussion Environmental risks in sovereign bonds are likely to be a fast growing area of interest, according to the panelists at the launch of Global Footprint Network’s ERISC Phase II report in London. "How climate change impacts sovereign credit risk,” presented the results of our ERISC* II research, undertaken with UNEP FI and seven financial institutions. This research demonstrated how fluctuations in food prices caused by environmental pressures negatively impact national economies. During the webinar Moritz Kraemer presented S&P’s joint research with Swiss Re on the impact of natural disasters on credit ratings. The ERISC II report, a joint project of Global Footprint Network and the UN Environment Programme’s Finance Initiative, showed how food price shocks driven by environmental forces would affect the economies of 110 countries. The launch event at S&P Global Ratings’ London office was S&P’s largest ever ESG (environmental, social and governance) event in London. In addition to presentations by Global Footprint Network and S&P, the event featured a panel discussion with thought leaders from UNEP, S&P, First State Investments, HSBC and Kepler Cheuvreux.


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