According to the report, Turkey, Egypt, Peru, Nigeria, Angola, Iraq, Pakistan, and Ethiopia were among the countries with the lowest ESG scores.
“It’s flagging potential risk for investors holding those bonds moving forward,” Gavin told Institutional Investor.
Ratings for 198 countries dating back to 2017 were included in the collection.
Environmental risks included natural capital endowment and protections, natural capital degradation, physical risk, and transition risk; social risks included health, education, resource security, human rights, and labor risks; and governance risks included the strength of the country’s institutions and sources of instability.
The report stated that “Russia and China are hardly the only problems in town.”
