What is Moody’s role in this?
Hellstern: As a provider of integrated risk assessments, Moody’s can combine its extensive expertise in ESG, climate and natural catastrophes with its long experience in modelling financial risks and their economic consequences. This allows us to offer a wide range of solutions to help companies incorporate sustainability into their business decisions.
Our innovative second party opinions (SPOs) on green, social or sustainability-linked bonds and loans, for example, help provide greater clarity on the sustainability impact of the proceeds and the extent to which they are consistent with strategic frameworks and market standards.
Moody’s is also working with industry-wide initiatives such as the Task Force on Climate-related Financial Disclosures (TCFD) and the Taskforce on Nature-related Financial Disclosures (TNFD) to help develop appropriate reporting frameworks and standards.