Water as Business: Sustainability Insights

Water as Business: Sustainability Insights, Sustainability Insights: Behind The Shades: Water Supply And Wastewater Treatment S&P Global Ratings assesses w

Sustainability Insights: Behind The Shades: Water Supply And Wastewater Treatment. 

S&P Global Ratings assesses water-related projects by applying its Shades of Green assessments (“Analytical Approach: Shades Of Green Assessments,” July 27, 2023) in the context of:

  • Our Second Party Opinions (SPOs) on sustainable finance frameworks and transactions (“Analytical Approach: Second Party Opinions,” March 6, 2025); and
  • Our Climate Transition Assessments (CTAs; “Analytical Approach: Climate Transition Assessments,” May 29, 2025).

In this report, we explain how we use our Shades of Green analytical approach to assess water-related activities. A Shade of Green assessment represents our qualitative opinion of how consistent an economic activity or financial instrument is with a low-carbon, climate-resilient future.

S&P Global

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