Latest ESG Pulse Ratings Report Says Texas Storm Highlights Need For Preparedness Beyond The Pandemic
PARIS, March 25, 2021 /PRNewswire/ -- S&P Global Ratings said today that the pandemic has laid bare companies' ability to adapt in the face of a crisis, while laying the groundwork for future assessment of their readiness for another systemic challenge: climate change. In particular, February's U.S. storm, which left millions of homes in Texas without power, has highlighted companies' need to be prepared for the unexpected.
In "The ESG Pulse: Texas Storm Highlights Need For Preparedness," we show that environmental, social, and governance (ESG)-related rating actions over the first two months of 2021 totaled 118, of which 75 were rating downgrades.
With the effects of the pandemic gradually lessening, health-and-safety-related rating impacts have reduced, although they still accounted for
Amid renewed waves of COVID-19 infections and the emergence of new variants, social-distancing restrictions triggered further downgrades to commercial mortgage-backed securities (CMBS). Selective rating activity also continued for some corporate entities in aerospace, hotels, and entertainment sectors.
The share of environmental considerations increased to about
This report does not constitute a rating action.
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SOURCE S&P Global Ratings
