IIGF has es tablished the ESG credit model which is aimed to break through the issue of current credit rating modes that only focus on creditability without the consideration of credit quality. The ESG credit model contains three types of evaluation indicators: credit-environment, credit-ability, andcredit-quality. Specifically, the credit-environment measures the macroeconomic situation; the credit-ability measures the company’s financial performance; and credit-quality measures the company’s ESG level. The ESG credit model covers a total of 3 first-level indicators, 13 second-level indicators, and 77 third-level indicators. The ESG credit model can more accurately predict the corporate bonds’ default risk by combining ESG with traditional credit indicators, which is of great significance.