“ The ESG Evaluation is thoughtful, data-driven yet embedded in a strong and deep understanding of the credit. It’s very powerful to highlight this has been drafted from the standpoint of an analyst who has had access to management and knows the business. The consideration of Preparedness is key because it helps us understand how the bank is prepared to bridge a transition to 2030 to 2040 to 2050. Michael Eberhardt, Director, BlackRock