Fitch Appoints Marcy Block to New Role of Global Head of ESG Ratings
Fitch Group’s sustainability-focused analytics business Sustainable Fitch announced the appointment of Marcy Block to the new role of Global Head of ESG Ratings for Sustainable Fitch, with responsibility for managing the company’s largest analytical group which serves primarily public market and investment grade constituents.
Block joined Fitch Ratings in 2013, and has led Fitch Ratings’ Climate Risk Development Group since 2022. She has also served as Senior Director, Enhanced Analytics as well as Senior Director of Sustainable Finance and Senior Director of Public Finance.
Sustainable Fitch, launched in 2021, is a sustainability-focused analytics ecosystem that introduced ESG ratings products targeting fixed income investment products. The company launched ESG Ratings for global labelled structured bonds and covered bonds in 2022.
The creation of the new position comes as the ESG ratings environment is rapidly evolving and maturing, particularly as pressure builds to regulate providers of ESG ratings and data. In 2021, securities regulator standards setter IOSCO urged regulators to focus on improving transparency in the ESG ratings and data space, and to begin to apply regulatory oversight. Since IOSCO issued its recommendations, several jurisdictions have moved to establish rules for the sector, including regulators in the UK, Singapore, and EU.
In a LinkedIn post following the announcement, Block said:
“I am honored and thrilled to be joining the seasoned group of ESG professionals in Sustainable Fitch.”