The voices and actions of the financial industry are critical to change capital market policy and practice change. That’s why I’m thrilled credit rating agencies are seizing their role as levers of change in the adaptation market. Consider these three examples of their newfound interest:
Standard & Poor’s explicitly weighs adaptation in its new Proposed Green Bond evaluation tool.
S&P proposes an Environmental Social and Governance risk exposure assessment.
In its proposed ESG assessment tool, S&P acknowledges the differences in the time horizon of risk.
Read my oped published in Triple Pundit for more insights: http://www.triplepundit.com/2016/10/laurels-credit-raters-levers-change-climate-adaptation-market/