ESG scores are driving credit differences between oil and gas companies, writes Amanda Chu in the Financial Times’ ‘Energy Source’ newsletter, citing research conducting by Credit Benchmark and Moody’s.
Amanda Chu noted in the column:
“The…analysis suggests that company investments in ESG portfolios pay off. Having better credit quality means these companies have easier and cheaper access to funding. Oil and gas companies with high ESG scores saw a 17 per cent decline in credit risk in 2021, more than twice their low-ESG-scoring counterparts.”
The full original research cited by the Financial Times can be accessed here.
The Financial Times, December 23, 2021.
