Companies/ ESG Tools, Services/ Platforms & Markets

Fitch Launches ESG Dashboard for Financial Institutions

Mark Segal September 7, 2020

Ratings agency Fitch Ratings announced the launch of a new interactive ESG dashboard for financial institutions, as well as an updated and enhanced interactive ESG Relevance heatmap, with regional and sub-regional selection capabilities.

The new dashboard shows the distribution of Fitch’s ESG Relevance Scores (ESG.RS) for 1,039 global banks, insurers and non-bank financial institutions (NBFIs), allowing users to view scores adjusted by region, sub-region, sector and sub-sector.

According to Fitch, the dashboard shows that ESG risks influence rating decisions for 20% of banks, 3% of insurers and 28% of NBFIs as of end-June 2020, with governance risks once again the most relevant for rating decisions. 15% of financial institution issuers scored ‘4’ or more in at least one governance category, compared to 2% for social risks and 1% for environmental risks. ESG risks are more relevant for emerging market rating decisions, with 28% of issuers scoring ‘4’ or more for at least one element compared to 9% of issuers in developed markets.

Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm’s head of U.S. equities. While at DCM, Mark was part of the firm’s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.