In a press release distributed on March 6, 2018 Beyond Ratings announced “the creation of the first financial rating agency to systematically integrate ESG factors (Environmental, Social and Governance) into its analysis. As such, the rating methodology developed takes into account physical and transition climate risks. It is therefore in line with the Paris Agreement1 and responds to the recommendations of the HLEG report recently submitted to the European Commission.
The creation of the agency is supported by major institutional players, such as l’Agence Française de Développement (AFD), Caisse des Dépôts Group and le Fonds Français pour l’Environnement Mondial (FFEM). In addition, the agency is supported by several leading global organizations dealing with sustainable development issues: Climate-KIC, Ethos Foundation, Global Footprint Network.
Together these partners will participate in the definition of rating standards adapted to the challenges of the 21st century.”