We’re following up on our previous covered bonds episode with a discussion on the new flavor of environmental- and social-themed covered bonds on the rise. Our host Tom and analysts Corinne Bendersky and Adriano Rossi touch on how the capital market for these particular sustainable bonds is developing, the nature of the collateral backing these bonds, and how we measure the social impact. We also discuss how we capture green and social factors and overall ESG performance in our credit rating criteria.