Focusing on equity-related ESG factors to mitigate municipal credit risk

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The COVID-19 pandemic coupled with broader racial justice concerns have prompted both investors and rating agencies to take a stronger interest in non-financial factors impacting municipal credit worthiness. As the relationship between ESG factors and city credit ratings continues to grow, cities must take measures to show their commitment to driving change. This What Works Cities City Budgeting for Equity & Recovery resource helps provide guidance to city leaders on why a data-driven approach to management can help set them up for success.