S&P Global Inc. reports company news across data, benchmarks and analytics for capital, commodity and automotive markets. Coverage includes its credit ratings and market intelligence businesses, S&P Global Energy and Platts price assessments, and S&P Global Mobility products such as CARFAX vehicle history reports, listings, car care tools and recall data.
Recurring updates also include investor conference appearances, product and data launches, board and governance changes, and corporate-status developments involving the Mobility division.
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.
S&P Global Platts has strengthened its long-term relationship with OPEC by becoming a key data and insight provider. This partnership allows Platts to supply OPEC with essential oil price data, analytics, and news, enhancing OPEC's evaluation of global oil markets. Saugata Saha, President of S&P Global Platts, expressed satisfaction with this collaboration at a crucial time for the energy sector. This development emphasizes Platts' role in providing transparency and insights in the commodities market, which could be beneficial for stakeholders and investors.
S&P Global Market Intelligence has received two prestigious awards at the 2021 Inside Market Data and Inside Reference Data Awards. The division was honored as the Best Research Provider for its extensive research offerings, which include various independent market analyses and sector-level coverage. Additionally, it was recognized for the Best Enterprise Data Management Initiative due to its collaboration with Snowflake, enhancing data delivery and access. These accolades reflect S&P's commitment to providing high-quality, accessible data-driven insights for informed decision-making.
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The U.S. economy forfeited over $507 billion in productivity due to the widening attainment gap between Black and white women since 1960, according to S&P Global's analysis. The report highlights that if Black women's college education had matched that of white women, it could have added $107.5 billion to the economy by 2019. The COVID-19 pandemic exacerbated existing disparities, particularly in the service sector, resulting in lower earnings for Black women compared to their white counterparts.
SelectQuote Inc. (NYSE:SLQT) will replace Cooper Tire & Rubber Co. (NYSE:CTB) in the S&P SmallCap 600 index, effective June 10, 2021. This change follows the acquisition of Cooper Tire by The Goodyear Tire & Rubber Co. The update reflects ongoing shifts in market indices and may influence stock performance for both companies.
S&P Dow Jones Indices announced updates to the market capitalization eligibility criteria for the S&P Composite 1500 Indices, effective June 3, 2021. The new criteria set the minimum market cap for the S&P 500 at $13.1 billion, up from $11.8 billion. The S&P MidCap 400 now requires a market cap between $3.6 billion and $13.1 billion, while the S&P SmallCap 600's range is $850 million to $3.6 billion. These changes aim to align with current market conditions and are subject to quarterly reviews. For further details, visit www.spdji.com.