External broker reports(aggregated public sources), ABN AMRO

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External broker reports(aggregated public sources)

Macroeconomics

Netherlands & United kingdom / Macroeconomics

<ul><li>In this piece, we look at all issuers included in the Bloomberg euro corporate bond index (excl. financials) and assess whether companies more vulnerable to climate-related risks – physical or transition - also experience steeper credit curves</li></ul><div data-v-a32cbb07=""><div data-component-type="rich-text"><ul data-v-449fd9f8=""><li style="list-style-type: disc;" data-v-449fd9f8=""><div data-v-449fd9f8="" data-v-f66c592a=""><div data-v-f66c592a=""><div data-v-f66c592a=""><p data-v-f66c592a=""><span data-v-57e5f677="">We evaluate exposure to climate risks by looking at mainly three variables: (1) The GHG emissions (scope 1, 2 and 3) intensity (tonnes per EUR million of revenue), (2) the ISS ESG physical risk score, and (3) the ISS ESG carbon risk</span></p></div></div></div></li><li style="list-style-type: disc;" data-v-449fd9f8=""><div data-v-449fd9f8="" data-v-f66c592a=""><div data-v-f66c592a=""><div data-v-f66c592a=""><p data-v-f66c592a=""><span data-v-57e5f677="">Our analysis indicates that these variables are not statistically significant in explaining curve steepness, while credit ratings are a significant factor</span></p></div></div><div data-v-f66c592a=""></div></div></li></ul></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

In this piece, we look at all issuers included in the Bloomberg euro corporate bond index (excl. financials) and assess whether companies more vulnerable to climate-related risks – physical or transition - also experience steeper credit curvesWe evaluate exposure to climate risks by looking at mainly three variables: (1) The GHG emissions (scope 1, 2 and 3) intensity (tonnes per EUR million of revenue), (2) the ISS ESG physical risk score, and (3) the ISS ESG carbon riskOur analysis indicates that these variables are not statistically significant in explaining curve steepness, while credit ratings are a significant factorContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ESG Strategist - Higher Climate Risks Do Not yet Translate into Steeper Credit Curves