Report on “How Food Prices Link Environmental Constraints to Sovereign Credit Risk" published

The United Nations Environment Programme Finance Initiative and Global Footprint Network have published a report on “How Food Prices Link Environmental Constraints to Sovereign Credit Risk”. The report was established in collaboration with Cambridge Econometrics and models the impact of a global food price shock on 110 countries. It finalizes the second phase of the ERISC- project (Environmental Risk Integration in Sovereign Credit Analysis). KfW participated with another six institutions in the financial sector in this ERISC II-project.

In the first phase of the ERISC-project, the relevance of environmental risk for sovereign credit risk was analyzed, also in collaboration with KfW and further partners.

Further Information

Report ERISC Phase II: How Food Prices Link Environmental Constraints to Sovereign Credit Risk

Press release from 18 May 2016 about the launch of the ERISC Phase II Report