LEADER 02322cam a22004095i 4500001 99131234834106421 005 20220223192010.0 006 m d 007 cr cn||||||||| 008 020129s2022 dcu o i00 0 eng^^ 024 7 10.1596/36866 |2doi 035 (CKB)4920000001210367 035 (The World Bank)36866 035 (US-djbf)36866 035 (EXLCZ)994920000001210367 040 DJBF |beng |cDJBF |erda 100 1 Gratcheva, Ekaterina M. 245 10 Credit Worthy : |bESG Factors and Sovereign Credit Ratings / |cEkaterina M. Gratcheva. 246 Credit Worthy 264 1 Washington, D.C. : |bThe World Bank, |c2022. 336 text |btxt |2rdacontent 337 computer |bc |2rdamedia 338 online resource |bcr |2rdacarrier 347 data file |2rda 490 1 Other papers. 520 3 The increasing role of the financial sector in the move toward a more sustainable economic model continues apace. The Coronavirus (COVID-19) shock shone a light on the need for all society to correct course, and the financial sector is responding. The pace of environmental, social, and governance (ESG) integration into investment decisions, which has become the prevalent form of sustainable finance, continues to accelerate. These developments reflect changing societal perspectives that challenge the traditionally ingrained investment approaches that have evolved over many decades. Against this backdrop, various financial sector stakeholders continue to evaluate how their role, products, and tools should adapt to this evolving landscape. This paper focuses on sovereign credit ratings and empirically assesses how broad sovereign ESG factors as well as the ESG factors specific to a country's national wealth and management of risks and opportunities related to so-called stranded assets like fossil fuel resources are manifested in sovereign credit rating assessments. 650 4 Adaptation To Climate Change 650 4 Carbon Policy and Trading 650 4 Creditworthiness 650 4 Debt Markets 650 4 Environment 650 4 Finance and Financial Sector Development 650 4 Sovereign Debt 700 1 Gurhy, Bryan. 700 1 Skarnulis, Andrius. 700 1 Stewart, Fiona E. 700 1 Wang, Dieter. 830 0 Other papers. 830 0 World Bank e-Library. 906 BOOK