CGS Adds Sustainability Categorisation to Bonds

CUSIP Global Services (CGS) has incorporated ESG indicators for US corporate and municipal bonds within its data feeds. The unit of S&P Global now provides classifications of issuances according to their sustainability attributes. The new feed uses International Capital Market Association (ICMA) and Climate Bonds Initiative methodologies to identify the securities as green, social or sustainable bonds. Roger Fahy, Vice President and Chief Operating Officer at CGS, said the new data field was created because the company had been approached by investor clients keen to know how to differentiate between green issuance and “vanilla” debt. “We see there is a need to be able to logically categorise new offerings separate from the general population of debt,” Fahy told A-Team ESG Insight.