S&P Global Inc. is working on a new way of ranking bonds based on their impact on the environment, hoping that greener securities will command a premium to traditional ones once there are metrics to justify it.
The company best known for its credit ratings will introduce a green scoring system next month, creating a new benchmark for investors to seeking to evaluate where they will put their capital.
“Investors want to go beyond that binary classification of green and not green—to how green,” said Michael Wilkins, managing director of S&P’s infrastructure ratings, in a phone interview. “Going beyond the ...
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