03646ntm a22005177i 4500 000717884 CZ-PrVSE 20240914152213.0 m d cr n|||||||||| 240914s2024 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 rda Lernoux, Marion ISIS:175942 dis ESG factors integration into corporate credit ratings : examining the current state and its possibilities of improvement following the CSRD eng ESG factors integration into corporate credit ratings : current state & impact of the CSRD Marion Lernoux 2024 ?? stran : digital, PDF soubor Vedoucí práce: Marcela Zárybnická Žárová Diplomová práce (Ing.)—Vysoká škola ekonomická v Praze. Fakulta financí a účetnictví, 2024 Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby 2024 This thesis explores the impact of the Corporate Sustainability Reporting Directive (CSRD) on the integration of Environmental, Social, and Governance (ESG) factors into corporate credit ratings within the EU. Through interviews with key stakeholders, the study evaluates how EU-registered credit rating agencies (CRAs) assess the creditworthiness of EU-based companies, and explores the anticipated CSRD’s effect on non-financial information and corporate credit ratings. The findings reveal that ESG integration into corporate credit ratings across EU remains superficial, characterized by an undefined and subjective approach where ESG factors are often treated as secondary considerations that rarely influence final ratings. The primary obstacles include the lack of sufficient quality and comparability of non-financial information, particularly for smaller companies, along with a lack of tools and expertise to accurately assess their impact. Despite short-term uncertainties and compliances challenges, the CSRD is expected to achieve its long-term goals, by significantly improving the quality, availability, and comparability of ESG information, thereby addressing existing challenges in ESG incorporation for EU-registered CRAs. This enhanced reporting environment is expected to transform the quality of corporate credit ratings in the EU, significantly deepening ESG integration into credit analysis, and decision-making processes. Způsob přístupu: Internet finance and accounting [obor dipl. práce] diplomové práce fd132022 czenas master's theses eczenas Credit rating agencies corporate credit ratings ESG integration Sustainability Reporting Directive Zárybnická Žárová, Marcela, 1959- ola2003198130 ths De Rongé, Yves opn Vysoká škola ekonomická v Praze. Fakulta financí a účetnictví kn20010709398 dgg https://insis.vse.cz/zp/88941/podrobnosti VŠKP v InSIS https://insis.vse.cz/zp/88941 Hlavní práce https://insis.vse.cz/zp/88941/posudek/vedouci Hodnocení vedoucího https://insis.vse.cz/zp/88941/posudek/oponent/84435 Oponentura https://insis.vse.cz/zp/88941/priloha/29842 Přiloha k práci https://insis.vse.cz/zp/88941/podrobnosti dc:identifier NEPOSILAT VSKP vse88941 240912 88941