The focus on environmental, social, and governance (ESG) issues is intensifying across financial markets – the loan market included. Whether investors are focused on the ESG impacts of their investments or wish to ensure that ESG risks are properly understood in the credit analysis of a company, end investors are seeking increased disclosure about the impacts of ESG. As market participants adapt to these evolving demands, it requires an understanding of how ESG risk affects credit ratings.  This presentation was done for our members on Tuesday, November 19th by Michael Ferguson, Director of Sustainable Finance at S&P Global Ratings and Tess Virmani, Associate General Counsel & SVP of Public Policy at LSTA.