CRU Group and Fitch Ratings today announced an expansion of their existing strategic agreement to include carbon emissions data. The combined research applies to all Fitch-rated issuers in the mining, metals and fertiliser sectors.
The decision to expand the cooperation to include CO2 emissions data follows the increasing importance of ESG factors to corporate credit risk and a positive reception from market participants to the existing cooperation in the metals and mining and fertiliser sectors. The inclusion of CRU’s carbon emissions data will add to the granularity and transparency of Fitch’s credit analysis of a sector with large investment needs for green metals development and decarbonisation of metals and mining own operations.
The partnership between Fitch and CRU commenced in 2017 and has successfully provided investors with enhanced analytical insight into key rating drivers, individual and industry cost dynamics, as well as direct contact with Fitch's and CRU’s global team of analysts.
The carbon footprint of metals and mining issuers, compared to their peers, will increasingly influence their cost position and capital investment over the coming decade. There is no better source for carbon emissions data than CRU. These additional insights will complement Fitch’s Climate Vulnerability Signals and provide investors with a more comprehensive platform for their investment decisions in light of the energy transition.
Jeremy Carter Global Group Head for Corporate Ratings, Fitch Ratings
Expanding our strategic agreement to include emissions analysis is not only testament to the success of our partnership with Fitch but is a sign of how we are continually evolving to meet customers’ needs. Sustainability factors are increasingly becoming part of investors mandates, therefore it’s vital that they get access to accurate data and insights to make informed decisions and ensure that these decisions stand up to scrutiny. By leveraging our business intelligence, customers can be confident that their decisions are based on accurate data and robust methodologies.
David Trafford Chief Executive Officer, CRU Group