ESG Factors in Operational Risk within European Structured Finance - Social

This is the second in a series of commentaries discussing the environmental, social, and governance 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 will cover social factors that it considers in its analysis and provides additional background and trends on the important factors affecting operational risk. Governance factors will be covered in a third commentary at a later date.