RT null T1 Shifting Perceptions: ESG, Credit Risk and Ratings Part 1 - The State of Play A1 United Nations Environment Programme, A1 Principles for Responsible Investment, A1 United Nations Global Compact, K1 investment K1 risk assessment K1 risk management K1 credit risk YR 2017 FD 2017 LK https://wedocs.unep.org/handle/20.500.11822/34485 UL https://wedocs.unep.org/handle/20.500.11822/34485 NO This report is the first in a three-part series by the Principles for Responsible Investment (PRI) on its initiative to enhancethe systematic and transparent consideration of ESG issues in the assessment of the creditworthiness of borrowers in fixed income (FI) markets. It provides a snapshot of the current state of play on ESG in credit risk analysis (in terms of thinking and activities) to better understand what investors and CRAs are already doing, what they are aiming for and what their expectations are. Parts two and three will provide more in-depth coverage on existing challenges as well as future opportunities. DS UN Environment Document Repository RD Sep 16, 2026