Climate Risk & Municipal Credit Ratings

May 6, 2020 — As climate-related events have increased in frequency and magnitude, they have moved to the forefront of ESG investors’ minds. How well companies and municipalities prepare for the risks of climate change is not simply an “E” issue, but “S” and “G” issues as well. Extreme heat has implications for food production, clean air and drinking water, transportation, and overall human health. In this report, we analyzed the relationship between climate risk and readiness and the credit rating of U.S. municipalities to determine if a correlation between climate risk and credit rating exists.

ESG Highlights & Holdings — CVS Health Corporation

April 27, 2020 — From its beginnings as a Massachusetts health and beauty store in the 1960s, CVS Health has grown into a national health care company ranking eighth on the 2019 Fortune 500 list. Among its holdings are CVS Pharmacy, one of the largest drug retailers in the United States with nearly 10,000 retail pharmacy locations, and CVS Caremark, a pharmacy benefits manager. In 2018 CVS acquired the nation’s third-largest insurer, Aetna, for $70 billion, giving CVS a foothold in the insurance industry.