Welcome to our dedicated page for S&P Global news (Ticker: SPGI), a resource for investors and traders seeking the latest updates and insights on S&P Global stock.
S&P Global Inc. (NYSE: SPGI) is a finance and insurance sector company that describes its mission as providing essential intelligence through credit ratings, benchmarks, analytics and workflow solutions. The SPGI news stream highlights how the company’s data and insights intersect with capital markets, commodities, energy transition, artificial intelligence and the automotive sector.
News about S&P Global often covers corporate actions and capital allocation, such as Board-approved dividend increases and the company’s long history of annual dividend payments. Updates can also include announcements about planned or completed transactions, such as the sale of specific businesses or the expected separation of the S&P Global Mobility division into an independent public company.
Another key theme in SPGI news is research and market studies. For example, S&P Global has released a detailed study on copper in the age of AI, examining how electrification, digitalization, data centers and defense spending could affect copper supply and demand through 2040. These reports draw on proprietary data and cross-divisional expertise from areas such as S&P Global Energy and Market Intelligence.
News items also highlight regulatory and governance developments, including settlements involving S&P Global Ratings and the appointment of new directors to the company’s Board. In addition, readers will find coverage of philanthropic and workforce initiatives like the StepForward program, which focuses on AI-enabled workforce readiness for youth, and updates from CARFAX, part of S&P Global Mobility, on topics such as odometer fraud trends.
Investors, analysts and other stakeholders can use the SPGI news page to follow how S&P Global’s ratings, indices, research, financing activities and governance decisions evolve over time and how the company positions itself around themes such as AI, energy transition and global capital markets.
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S&P Global Platts has launched six new daily price assessments for recycled plastics in the US, Europe, and Southeast Asia. These assessments cover R-HDPE, R-PP, and R-LDPE, introducing crucial insights into the evolving recycled plastics market. Ben Brooks, Head of Plastics Recycling Price Reporting, emphasized the importance of transparency in these nascent markets, particularly as demand for quality recycled materials rises. The new data aims to support stakeholders amid increasing legislative focus on recycled content in consumer goods.
S&P Global (NYSE: SPGI) has appointed Dr. Gregory Washington to its Board of Directors, effective June 22, 2021. Dr. Washington, the first African American president of George Mason University, brings extensive leadership experience from academia and various organizations. His background includes serving as Dean at the University of California, Irvine, and research partnerships with NSF, NASA, and the U.S. Army Research Office. He will contribute to the Compensation and Leadership Development Committee and the Nominating and Governance Committee, enhancing the company's mission in data and analytics.
The Board of Directors of S&P Global (NYSE: SPGI) has declared a quarterly cash dividend of $0.77, payable on September 10, 2021, to shareholders on record as of August 26, 2021. This results in an annualized dividend rate of $3.08 per share. S&P Global has a long-standing history of paying dividends, having done so since 1937 and increasing its dividend annually for at least 48 years, placing it among the few companies in the S&P 500 to achieve this milestone.
S&P Global Platts has launched the first daily carbon-neutral LNG price assessment, tracking carbon credits used to offset emissions for LNG cargoes on major trade routes. This new assessment aims to enhance transparency in the LNG sector amid increasing demands for reduced greenhouse gas emissions. The CNL assessment focuses on well-to-tank emissions and includes carbon offset costs. As LNG consumption rises globally, this initiative supports sustainable practices in the industry, catering to consumers prioritizing environmental impact when making purchasing decisions.
On June 15, 2021, S&P Dow Jones Indices and Experian reported a decline in consumer credit defaults through May 2021. The composite default rate dropped to 0.44%, down six basis points from April. The bank card default rate decreased significantly by 22 basis points to 3.01%, while auto loan defaults fell to 0.34%, and first mortgage defaults to 0.33%. Major metropolitan areas also showed decreases, with New York experiencing the largest drop at 37 basis points to 0.46%.
The S&P Dow Jones Indices reported preliminary Q1 2021 S&P 500 stock buybacks totaling $178.1 billion, a significant 36.5% increase from Q4 2020 and 100.9% above Q2 2020's recent low. However, this figure is down 10.4% year-over-year from Q1 2020's $198.7 billion. For the 12-month period ending March 2021, buybacks were $499.1 billion, 30.8% lower than the previous year. Companies are expected to enhance buybacks in 2021, particularly with big banks returning to the market.
S&P Global Platts launched daily carbon credit price assessments for Nature-Based and Household Device Carbon Credit Projects on June 14, 2021. The initial prices were $4.65/mtCO2e for Nature-Based and $6.70/mtCO2e for Household Device projects. These assessments aim to improve transparency in carbon trading markets, which are expected to see growth in regions such as Europe, the US, and Latin America. The assessments are certified by recognized standards including The Gold Standard and will be accessible through various Platts platforms.
S&P Global Market Intelligence and Oliver Wyman have launched Climate Credit Analytics, a new model suite designed to evaluate climate risk for over 700,000 companies. This initiative aids financial institutions in assessing the creditworthiness of investments in a low-carbon economy. The suite integrates S&P's advanced credit risk models with Oliver Wyman's climate scenario expertise, focusing on high carbon-emitting sectors. Notably, UBS will be the first bank utilizing this analytics tool for transition risk assessment.
On June 9, 2021, S&P Global Platts announced the opening of nominations for the 2021 Global Energy Awards, honoring achievements in the energy sector. Set to occur in-person at Cipriani Wall Street, New York, the awards recognize excellence across nineteen categories. This year, several categories have evolved, including the redefined Corporate Social Responsibility Campaign of the Year and the new Climate Leader Award – Power. Finalists will be announced on September 23, 2021, and winners will be unveiled at a gala on December 9, 2021.