Theoretical and Applied Economics (Jun 2024)
ESG Global Score Indicator – The new sovereign rating Case study – European Union
Abstract
For the last period of time, the most important ratings were issues based on the analysis of some financial indicators calculated mostly on the basis of accurate financial data. But times have changed and the aspects regarding environmental, social and governance (ESG) indicators are becoming more important every day. This article presents the evolution of ESG ratings, specifically the ESG Global Score Indicator regarding sovereign risk analysis for the states of the European Union.