Press Release

DBRS Morningstar Publishes Its Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings

March 10, 2020

DBRS Morningstar released a commentary to provide greater clarity and detail on the impact of Environmental, Social, and Governance (ESG) risk factors in its credit ratings across Government, Financial Institutions, Corporate Finance, and Structured Finance issuers and transactions.

Globally, financial markets are becoming increasingly aware of ESG risk factors and stakeholders are placing more importance on them with regard to finance. Regulators are also increasingly encouraging transparency and disclosure from financial institutions, corporations, investors, and rating agencies regarding the impact of ESG risks. DBRS Morningstar will continue to review its approach to ESG risk factors to align with emerging regulatory requirements and market developments.

Additionally, DBRS Morningstar will provide ESG disclosures in all press releases. The new disclosures specifically address instances where ESG risk factors are a key rating driver that affect a credit rating or rating outlook.

For more information on DBRS Morningstar’s Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings, visit or contact us at

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