ESG Risk Factors for Canadian Railways

DBRS Morningstar examines the 11 environmental, social, and governance (ESG) risk factors that are applicable to corporate issuers rated using DBRS Morningstar’s Rating Companies in the Railway Industry methodology. DBRS Morningstar discusses the key analytical considerations in assigning and monitoring ratings for companies in the railway industry and how these ESG risk factors mesh with the methodology as well as affect an issuer during the life of the rating.