S&P Global Ratings adds service to assess green impact of projects

By Susanna Moon

Chicago, April 26 – S&P Global Ratings said it launched its green evaluation service, which it called “a comprehensive approach to measuring sustainability at the asset level.”

The service is separate from traditional credit ratings and can be used to assess the green impact of a variety of securities independent of credit characteristics, according to a company announcement.

Green evaluations can be applied to all or part of a financial instrument and are available for projects or initiatives focused on renewable energy, energy efficiency, green transportation, environmentally compliant buildings, fossil fuel projects, nuclear and water.

The green evaluations are aligned with the International Capital Market Association's green bond principles, as well as provide a benchmark on environmental impact or climate resilience, the release noted.

“We wanted to respond to the robust market demand for rankings that consistently measure climate risk and environmental impact, and research that delivers actionable insights,” Michael Wilkins, managing director and head of environmental and climate risk research at S&P Global Ratings, said in the press release.

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