Bells & Bayes, in the name of preserving its reputation and the quality of its analyses, remains connected to centers for the dissemination of modern legitimate practices in the eyes of society. In this sense, the agency undertakes to seek to be part of organizations and institutions oriented to the promotion of market efficiency. So, both at the individual and at the agency level, we pursue this commitment. In line with the United Nations Principles of Responsible Investment (UN PRI), to which it is a signatory, Bells & Bayes recognizes investors’ needs for greater clarity on the way in which ESG factors are considered in credit analysis. To achieve this shared objective of enhancing the systematic and transparent consideration of ESG factors in assessing creditworthiness, the agency affirms its commitment to: i) assess the extent to which ESG factors are relevant to the credit of different issuers; ii) transparently publish their views on the ways in which ESG factors are considered in credit ratings; iii) review the ways in which ESG factors are integrated into credit analysis as our understanding of these factors evolves; iv) maintain its governance and resources to provide quality ratings, including ESG analysis where relevant; v) participate in industry-wide efforts to develop consistent public disclosure by issuers about ESG factors that may affect their creditworthiness; vi) participate in dialogue with investors to identify and understand ESG risks to credit quality.