Open:FactSet Forum

Wirecard AG: Timely ESG signals warned investors as tremors before "The Big One"

Years before the arrest of its former CEO and insolvency filing, ESG scores plummeted for Wirecard.

Data was concentrated in the SASB category of Business Ethics, which today claims 84% of TTM volume. That was a massive red flag and a critical issue that emerged in the Dynamic Materiality™ view of ESG categories.

  • Wirecard’s long-term ESG Insight Score, long above the Consumer Finance industry average, crossed beneath that mark in late 2018
  • Two-year chart shows timely Pulse score established new, sharply lower range that equity price took years to match
  • On the credit risk side of the equation, Wirecard also escaped critical attention from some raters

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