S&P Global Stock Price, News & Analysis

S&P Global Platts has launched six new CARBEX carbon credit indices in partnership with Viridios AI as of August 23, 2021. These indices aim to enhance market transparency for voluntary carbon credits while promoting sustainable development.

Specifically, the indices cover projects related to household devices, soil management, ecosystem creation, and protection while meeting various Sustainable Development Goals. The AI-driven indices will provide market participants with daily carbon index prices, reflecting intricate relationships within the carbon market.

According to a recent report from Kagan, a part of S&P Global Market Intelligence, U.S. broadband demand remains strong, with 945,000 new wireline subscribers added in Q2 2021. This figure, though lower than the previous year's boom, surpasses 2019 levels. Total broadband subscribers exceeded 109.2 million, marking a 4.3% annual increase. Cable providers contributed significantly, accounting for 96% of new broadband customers this year. Despite some losses in satellite broadband subscribers, the report indicates a shift towards fiber-to-the-home (FTTH) upgrades.

S&P Dow Jones Indices and Experian reported consumer credit default rates through July 2021, revealing a slight decline in the composite rate to 0.40%, marking the fourth consecutive decrease. The bank card default rate fell to 2.51%, while both the auto loan and first mortgage default rates saw minor increases. Notably, three out of five major metropolitan areas recorded lower default rates. The indices provide insights into loan performance across key categories, indicating a stabilizing trend in consumer credit health.

S&P Global Platts announced the launch of the first suite of hydrogen price assessments for Australia, effective August 16, 2021. This initiative aims to enhance market transparency regarding hydrogen production costs, catering to increased interest from investors and policymakers. The assessments include 128 price evaluations across six states, with prices ranging from $1.509/kg to $4.409/kg. Comparatively, these prices are lower than those in Japan and the Netherlands, establishing Australia as a crucial hub for future hydrogen production.

S&P Global Platts has launched eight new global low-carbon metals spreads and ratios, expanding its carbon-accounted price offerings. Responding to market demands, these tools aim to quantify costs and manage risks in the evolving carbon-reduction landscape. They are based on Platts assessments of key materials like hot-rolled steel and aluminum across major regions, aiding producers and end-users in understanding the market value of low-carbon metals. This launch follows recent initiatives in low-carbon aluminum pricing.

S&P Global Platts has expanded its voluntary carbon credit assessments to include seven project types effective August 9, 2021. This includes assessments for Avoidance and Removals-based carbon credit projects, focusing on emissions reduction and carbon capture. The launch responds to the urgent need for transparency in the carbon market, as highlighted by the recent IPCC report on climate change. Pricing assessments for various types of credits have been introduced, with current year delivery prices ranging from $2.30 to $100 per mtCO2e, aimed at supporting investments in impactful carbon projects.

Dan Draper, CEO of S&P Dow Jones Indices, will present at the UBS Financial Services Virtual Conference on August 11, 2021. The session is scheduled from 2:00 p.m. to 2:45 p.m. EDT, and will be available for live streaming. Key information will be shared regarding S&P Global and its operations, including its proposed transaction with IHS Markit. Investors are urged to review the related SEC filings for comprehensive insights. The webcast will be available for replay for one year after the event.

S&P Global Platts announced the launch of Platts Dimensions Pro on August 9, 2021. This innovative platform enhances user access to pricing data, forecasts, and analytics across 13 commodities, including Energy Transition. Key features include real-time market activity updates, advanced charting capabilities, and customizable dashboards. The service is designed to help customers navigate the evolving low-carbon economy by providing integrated technology for better insights. Platts Dimensions Pro leverages machine-to-machine delivery, APIs, and a Microsoft Excel plug-in to streamline user experience.

S&P Global (NYSE: SPGI) and IHS Markit (NYSE: INFO) have reached an agreement to sell IHS Markit's OPIS, Coal, Metals and Mining, and PetroChem Wire businesses to News Corp for approximately $1.150 billion. This divestiture is part of the companies' strategy to gain regulatory approval for their planned merger, expected to close in the fourth quarter of 2021. Both transactions await regulatory review, and S&P Global is advised by Goldman Sachs & Co. while IHS Markit is represented by Davis Polk & Wardwell LLP.