DBRS Morningstar's Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings

In this commentary, DBRS Morningstar provides the market with greater clarity and detail with respect to its analysis of Environmental, Social, and Governance (ESG) risk factors, their definitions, and their significance to credit ratings across Governments, Financial Institutions, Corporate Finance, and Structured Finance. ESG risk factors are incorporated into DBRS Morningstar’s rating analysis.