Time and Date: 11.45am - 12.30pm, 19 November 2012
Venue: The 'Dining Room', Executive Boardroom, Bloomberg, CityGate House, 50 Finsbury Square, London, EC2A 1QD
Ivo Mulder, UN Environment Programme Finance Initiative (UNEP FI)
Susan Burns, Global Footprint Network
Pascal Coret, Head of Fixed Income, Caisse des Depots
Erik-Jan van Bergen, Chief Investment Officer, SNS Asset Management
Nick Nuttall, UNEP Spokesperson
The link between global losses of natural resources-such as soils, forests and fisheries-and the economic stability of countries, including their ability to repay or refinance sovereign debt, is the focus of a new report from the United Nations Environment Programme (UNEP) and partners.
The report will highlight how the degradation of natural resources, and the vulnerability of states to rising resource costs, may exacerbate the sovereign debt crises that have helped trigger, and deepen, the global economic downturn.
Today, risks stemming from resource depletion and dependence remain largely absent from models used to determine sovereign credit ratings.
The Environmental Risk in Sovereign Credit analysis (E-RISC) puts forward a new framework for better integrating environmental criteria into sovereign risk models, credit ratings, and other indicators of economic resilience. Risk ratings are provided for five pilot countries in the study.
The report will be presented at a special event at Bloomberg in London on 19 November 2012.
Dial-In Facility: To join the press conference by telephone, please dial +44-20-7330-7700, toll-free +44-800 345 78 84. Participants should enter PIN 948417.
Media are also welcome to attend a discussion of the main findings of the study among key stakeholders in capital markets. The event takes place at 2pm after the press conference.
For more information, please contact:
Nick Nuttall, Acting Director of Communications and Public Information/Spokesperson UNEP, on Tel: +254 733 632755, E-mail: email@example.com
Natalie Harland, EMEA Communications, Bloomberg L.P. firstname.lastname@example.org +44 (0)20 3525 8820, +44 (0)7881250570