S&P Global Stock Price, News & Analysis

S&P Global Platts announced the launch of daily carbon offset premiums and monthly carbon intensity calculations for 14 major crude fields starting October 1. This initiative aims to promote transparency regarding emissions attributes in crude production. The calculations will help stakeholders, including producers and investors, understand the carbon intensity (CI) associated with different oil fields, facilitating the shift towards low-carbon crude. Enhanced market awareness could accelerate investments in emissions reduction projects, vital for achieving global climate goals.

S&P Dow Jones Indices announced preliminary share repurchase data for Q2 2021, reporting $198.8 billion in buybacks, an increase of 11.6% from Q1 2021 and 124.3% from Q2 2020. A total of 294 companies executed buybacks of at least $5 million, with the top 20 companies accounting for 55.7% of the total. Dividends saw a slight decline to $123.4 billion. Overall shareholder returns from buybacks and dividends reached $322.2 billion, marking a 6.7% rise from the previous quarter. The outlook remains optimistic, with expectations of continued high buyback levels for the remainder of 2021.

S&P Global has joined the newly launched Net Zero Financial Services Provider Alliance (NZFSPA), consisting of 17 members dedicated to achieving a net zero economy by 2050. This alliance, part of the Glasgow Financial Alliance for Net Zero (GFANZ), aims to mobilize capital for sustainable transitions by providing essential data and insights to financial institutions. Members will set Science Based Targets for emissions and report progress in line with the Taskforce on Climate-Related Financial Disclosures. CEO Doug Peterson emphasized the importance of collaboration in reaching net zero goals.

S&P Dow Jones Indices and Experian reported that the S&P/Experian Consumer Credit Default Indices for August 2021 show a composite default rate down one basis point to 0.39%, marking the fifth consecutive drop. The bank card default rate decreased by 16 basis points to 2.35%, while auto loan defaults increased by three basis points to 0.34%. Major cities like Chicago and New York experienced rising default rates, highlighting regional disparities in credit risk.

S&P Dow Jones Indices has successfully completed its eighth annual review of adherence to the IOSCO Principles for Financial Benchmarks. Conducted by an independent global accounting firm, the review assesses S&P DJI's governance, control framework, and operational integrity. CEO Dan Draper emphasized the importance of maintaining the independence and transparency of iconic benchmarks like the S&P 500® and Dow Jones Industrial Average®. The complete Management Statement and independent review results are available on their Governance website.

S&P Global Market Intelligence has launched its new integrated desktop solution, S&P Capital IQ Pro, described as the company's most comprehensive platform to date. This upgraded solution includes an expanded range of datasets and features enhanced tools for users. It covers 62,000 public and 18 million private companies, offering insights from leading research providers and enhanced ESG content. CEO Doug Peterson and President Martina Cheung emphasized its value in delivering comprehensive data, analytics, and insights for investment and business decisions.

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S&P Global Platts has launched a suite of 36 new daily prices aimed at reflecting the cost of reducing greenhouse gas emissions through biofuels. These new calculations leverage existing Platts assessments in biofuels, refined products, and carbon credit markets, providing vital insights for traders and policymakers. The pricing structure includes spreads between various fuels, values per point of carbon intensity under California's Low Carbon Fuel Standard, and calculated costs under Europe's Renewable Energy Directive. This initiative supports the transition to lower-carbon energy sources.

S&P Global (NYSE: SPGI) will have its CIO, Swamy Kocherlakota, present at the Deutsche Bank Technology Conference on September 9, 2021, from 4:30 p.m. to 5:00 p.m. EDT. This presentation will be streamed live as a webcast and may cover forward-looking information. The replay will be available for 90 days post-event. Furthermore, S&P Global has filed relevant documents with the SEC regarding its proposed transaction with IHS Markit, including a registration statement and proxy statements, which investors are encouraged to review.