ESG Factors in Operational Risk within European Structured Finance - Environmental

This is the first in a series of commentaries that will discuss the relevant environmental, social, and governance (ESG) factors in common assets classes in Europe that could affect credit ratings assigned by DBRS Morningstar following an operational risk review.

In this commentary, DBRS Morningstar discusses the environmental factors that it considers in its analysis and provides additional background and trends on the important factors affecting operational risk. Subsequent commentaries will cover social and governance factors.