Fitch Group has announced a significant appointment within its sustainability-focused analytics business, Sustainable Fitch.
According to ESG Today, Marcy Block takes on the pioneering role of Global Head of ESG Ratings, overseeing the company’s most substantial analytical group dedicated primarily to public market and investment-grade constituents. This strategic move highlights Sustainable Fitch’s commitment to expanding its ESG ratings capabilities amidst a rapidly evolving market.
Sustainable Fitch was introduced in 2021 as a groundbreaking analytics ecosystem with a focus on sustainability. The firm is at the forefront of ESG ratings, providing innovative products designed for fixed-income investment products. Last year, Sustainable Fitch debuted its ESG Ratings for global labelled structured bonds and covered bonds, marking a significant milestone in its mission to support sustainable investment practices.
Marcy Block, with a robust tenure at Fitch Ratings since 2013, has been instrumental in advancing the company’s climate and sustainable finance initiatives. Her previous roles include leading the Climate Risk Development Group since 2022 and serving as Senior Director in various capacities, including Enhanced Analytics, Sustainable Finance, and Public Finance. Her extensive experience and leadership in these critical areas position her uniquely to drive the Global ESG Ratings division forward.
Block’s appointment reflects the increasing importance of ESG considerations in the investment landscape and the need for experienced leadership to navigate the complexities of the ESG ratings environment. With her comprehensive background and commitment to sustainable finance, Block is poised to make a significant impact in her new role.
The creation of this role underscores the dynamic nature of the ESG ratings sector, especially in light of growing regulatory attention worldwide. Following recommendations by the International Organization of Securities Commissions (IOSCO) in 2021 for enhanced transparency and regulation in the ESG ratings space, several jurisdictions, including the UK, Singapore, and the EU, have begun implementing rules to govern the sector.
Marcy Block said, “I am thrilled to take on the role of Global Head of ESG Ratings at Sustainable Fitch, especially at a time when the importance of ESG considerations in investment decisions is becoming ever more apparent. This new position offers an exciting opportunity to lead Sustainable Fitch’s efforts in delivering comprehensive and transparent ESG ratings products that meet the needs of today’s market.”
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