S&P Global Stock Price, News & Analysis

Douglas Peterson, the President and CEO of S&P Global (NYSE: SPGI), will speak at the Barclays Global Financial Services Conference on September 12, 2022, in New York, NY. His presentation is scheduled from 8:15 a.m. to 8:55 a.m. EDT and will be webcast, potentially including forward-looking insights. The live webcast and a replay will be accessible on the company's Investor Relations website for three months until December 10, 2022. S&P Global provides essential intelligence for investment and business decisions.

S&P Dow Jones Indices has launched the S&P Net Zero 2050 Carbon Budget Indices in collaboration with Sustainable1, aimed at supporting climate-focused investments. This initiative follows the 2021 IPCC report and introduces a carbon budget methodology that targets a 25% emissions reduction at launch and 10% yearly thereafter. The indices will offer investors a means to navigate the transition to sustainability, addressing the growing demand for net zero commitments, with over half of global assets under management aiming for such targets by 2050.

S&P Global Commodity Insights announced the inclusion of the NuStar Corpus Christi terminal as a loading point for WTI Midland crude oil in its Dated Brent benchmark by June 2023. This marks the first incorporation of a U.S.-based terminal into the Brent complex. Additionally, six other terminals are under review for inclusion. The Corpus Christi terminal boasts a 3.7 million barrel crude storage capacity, with 1.4 million barrels designated for WTI Midland. The decision is a significant milestone in enhancing the Brent complex.

S&P Global Commodity Insights has launched a new suite of price assessments for International Renewable Energy Certificates (I-RECs) in Brazil, India, and Turkey. This initiative aims to enhance pricing transparency as demand for renewable energy grows. The assessments will provide crucial end-of-day renewable-origin power values for market participants, leveraging technologies such as hydro, solar, wind, and biomass. Brazil stands out as the largest I-REC market in Latin America, with Turkey and India among the leading markets in Asia. The assessments are available through MegaWatt Daily and other platforms.

S&P Global Commodity Insights has acquired the Middle East Petroleum & Gas Conference (MPGC) and the Fujairah Bunkering & Fuel Oil Forum (FUJCON) from Conference Connection. This acquisition enhances S&P Global's position in the energy events sector and expands its footprint into the Middle East, complementing its existing global events like CERAWeek and APPEC. MPGC and FUJCON are established gatherings for industry leaders, fostering networking and knowledge exchange amidst the global energy transition. Financial terms of the deal were not disclosed.

S&P Dow Jones Indices has successfully completed its ninth annual review of adherence to the IOSCO Principles for Financial Benchmarks. Conducted by an independent accounting firm, the review assesses essential aspects of index governance and operational frameworks to ensure independence and transparency. CEO Dan Draper emphasized the importance of this process for maintaining integrity in their market-leading indices. The management statement and independent review results are available on their governance website, solidifying S&P DJI's commitment to best practices in the industry.

S&P Global (NYSE: SPGI) announced the full acquisition of Private Market Connect (PMC), a data solutions provider in private markets, enhancing its Market Intelligence division. This acquisition integrates PMC with S&P's iLEVEL technology, offering improved data management services to Limited Partner and General Partner customers. S&P Global previously held a 50% stake in PMC and acquired the remaining stake from Hamilton Lane. PMC tracks over 15,000 funds and $1.2 trillion in commitments. The transaction was signed and closed without disclosed terms.