...This report describes Fitch Ratings' approach to addressing environmental (E), social (S) and governance (G) considerations in its credit analysis, and to assessing and disclosing the relevance and materiality of those considerations to our individual, public international-scale credit rating decisions globally across sectors. The credit relevance and materiality of ESG considerations are determined by analysing their effect on the rating factors, rating drivers and key rating assumptions relating to the credit decision, in accordance with Fitch's applicable criteria....