This is the first article in 9fin's ESG Sector Selector series. The series provides overviews of relevant sectors in the ESG High Yield space and offers guidance for analysing the most material ESG factors.

Telecommunications is a dominant sector in European high yield and represents a regular constituent in high-yield ESG funds. According to 9fin’s database, the telecommunications sector has issued the highest number of green/sustainability-linked bonds and loans, second only to manufacturing. 

The following guidance lays out six key areas to consider when assessing telecommunication companies.