6. Where ESG factors were a key driver behind a change to a credit rating or rating outlook that had been presented and disclosed in accordance with Article 10(1), 10(2) and Section D, Annex I, I, points 2a and 5, ESMA expects CRAs in the accompanying press release or report to:
i. Outline whether any of the key drivers behind the change to the credit rating or rating outlook correspond to that CRA’s categorisation of ESG factors;
ii. Identify the key driving factors that were considered by that CRA to be ESG factors;
iii. Explain why these ESG factors were material to the credit rating or rating outlook;
iv. Include a link to either the section of that CRA’s website that includes guidance explaining how ESG factors are considered as part of that CRA’s credit ratings or a document that explains how ESG factors are considered within that CRA’s methodologies or associated models.