A report from research firm Verisk Maplecroft has found 15 sovereigns that are typically found in bond funds have a worse ESG profile than Russia.
The research, released today (9 June), assess issuers across nine areas of ESG risk: four on environmental risks, three on social risks and two on governance risk. The study identified hard currency issuers, including Turkey and Egypt, who are "still heavily traded," score worse than Russia on these metrics. Verisk Maplecroft said human and labour rights violations were "standout weaknesses" for Ankara and Cairo and added that Turkey had "persistent political risks" and corruption had spread throughout the country. "Geopolitical shifts suggest that the previous assumption that all ...
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