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. 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.
S&P Global Commodity Insights is expanding its Platts Ammonia Forward Curves to 24 months, effective September 16, 2022. This enhancement responds to rising demand for long-term ammonia pricing amid market volatility and high spot prices. The new curves will be quantitatively driven, covering FOB Middle East, CFR Northwest Europe, CFR US Gulf, and CFR Far East Asia. This expansion builds on existing forward curves launched earlier in 2022, aiming to improve price risk strategies and bolster international trade in ammonia.
S&P Global Sustainable1 has launched an enhanced Physical Risk Exposure Scores and Financial Impact dataset to assess corporate exposure to climate change hazards. The dataset indicates that by the 2050s, 92% of the largest companies will have at least one asset at high risk, with over a third facing potential financial impacts equivalent to 20% or more of asset value. Covering over 20,000 companies and utilizing advanced climate models, the dataset aims to assist stakeholders in understanding and mitigating climate-related financial risks.
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S&P Global Market Intelligence has launched the Onboarding Accelerator tool, integrated into its Securities Finance platform. This automated solution aims to modernize the outdated manual onboarding process for borrowers and lenders, enhancing transparency and efficiency.
The tool introduces features such as improved controls, advanced portfolio assessment reports, and streamlined documentation requirements. Global Head of Securities Finance, Kabin George, emphasized the reduction of human errors and delays, thereby improving the overall client experience.
Carfax and the Alliance for Automotive Innovation have developed the Vehicle Recall Search Service (VRSS), which has completed over 2 billion vehicle checks since its launch in March 2018. The tool has identified 29 million vehicles with open recalls, promoting greater awareness and safety. Notably, Maryland reports a 15% decrease in open recalls since 2019 due to the service. Other states, including New York and California, have also seen double-digit declines. The initiative aims to increase driver safety by providing crucial recall information to consumers.
S&P Global (NYSE: SPGI) will participate in the Goldman Sachs Communacopia + Technology Conference on September 13, 2022, in San Francisco. Executive Vice President and CFO Ewout Steenbergen is scheduled to speak from 7:30 a.m. to 8:10 a.m. PDT. The session will be webcast live and made available for replay for three months until December 11, 2022. S&P Global provides essential intelligence, enabling informed decision-making for customers across various sectors.
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.