Commentary

ESG Factors in Global CMBS

CMBS

Summary

DBRS Morningstar published a commentary discussing updates to the Environmental, Social, and Governance methodology that could impact the credit analysis of the DBRS Morningstar global commercial mortgage-backed securities groups. In the commentary, we provide updated background and discuss current trends, including climate change, on these factors affecting commercial real estate investing and lending. The commentary highlights risks related to mitigating weather-related damages, managing transition risk, addressing the affordable housing shortage, and incorporating healthy building principles.