As per ESG Today, Marcy Block assumes the trailblazing position of Global Head of ESG Ratings, supervising the organization's largest analytical team that is mostly focused on public market and investment-grade entities. This calculated action demonstrates Sustainable Fitch's dedication to growing its ESG rating capacity in the face of a market that is changing quickly.

In 2021, Sustainable Fitch—a ground-breaking analytics ecosystem with an emphasis on sustainability—was unveiled. Leading the way in ESG ratings, the company offers cutting-edge solutions for fixed-income investment products. In line with its objective to promote sustainable investment practices, Sustainable Fitch introduced its ESG Ratings for worldwide branded structured bonds and covered bonds last year, which was a major turning point.

Marcy Block has been a key contributor to the advancement of Fitch Ratings' climate and sustainable finance programs since her career began in 2013. Her prior positions included acting as Senior Director in several departments, including Enhanced Analytics, Sustainable Finance, and Public Finance, and heading the Climate Risk Development Group since 2022. She is in a unique position to oversee the Global ESG Ratings section due to her vast experience and leadership in these crucial areas.

Block's appointment is indicative of the growing significance of environmental, social, and governance (ESG) factors in the investing landscape as well as the demand for knowledgeable leadership to handle the intricacies of the ESG ratings system. With her extensive experience and dedication to sustainable finance, Block is well-positioned to have a big impact in her new position.

The establishment of this position highlights the dynamic character of the ESG ratings industry, particularly in view of the increased regulatory focus on a global scale. A number of jurisdictions, including the UK, Singapore, and the EU, have started enacting regulations to regulate the ESG ratings industry in response to suggestions made by the International Organization of Securities Commissions in 2021 for increased transparency and regulation in the field.

Marcy Block stated, "I am excited to join Sustainable Fitch as Global Head of ESG Ratings, particularly at this moment when the significance of ESG factors in investment decisions is becoming more and more clear. Leading Sustainable Fitch's efforts to provide comprehensive and transparent ESG ratings products that satisfy the demands of the modern market is made possible by this new role.