Brings complementary functionality within S&P Global Ratings related to providing second party opinions.
New York, December 6, 2022 /PRNewswire/ — S&P Global (NYSE: SPGI), a provider of credit ratings, benchmarks and analytics, has announced that it has acquired the Shades of Green business from the Center for International Climate Research.Cicero), Norwegian A cutting-edge institute for interdisciplinary climate research.
This acquisition will be integrated into S&P Global Ratings, further expanding our Second Party Opinion (SPO) offering. An SPO is an independent assessment of a company’s funding or framework alignment with market standards, typically provided before a loan is taken.
The global ESG debt universe is growing rapidly and $4.5 trillion compared to now $1.5 trillion Two years ago, according to the Institute of International Finance. Shades of Green provides independent, research-based SPOs for green, sustainability, and sustainability-related funding frameworks, as well as climate science-based climate risk assessments and impact reporting reviews. Since contributing his SPO to the first green bond framework issued by the World Bank in 2008, it has been a leading provider of SPOs and established as a subsidiary. Cicero The company evaluates the quality of its analysis and its shades of green The methodology has been praised for providing greater transparency on climate risks.
“At S&P Global Ratings, we are committed to providing investors with the data, analysis and opinions they need to make confident decisions. We strive to provide our capabilities and expertise to support the development of sustainable bond markets.” Martina ChanS&P Global Ratings PresidentShades of Green’s unparalleled climate expertise and track record will help further expand and strengthen its ability to assist clients seeking access to sustainable fixed income markets. “
“With S&P Global Ratings, we have found a partner with the same commitment to transparency and measures that support a more sustainable financial system,” he added. Christine Halvorsendirected by, International Center for Climate Research (Cicero).
“The Shades of Green methodology provides transparency on climate risks while motivating early market movements and rewarding forward-thinking actors.” Christa Clappco-founder, Cicero shades of green.
S&P Global Ratings will continue to have offices. Oslo, Norway The base of Shades of Green. The International Center for Climate Research will continue to provide climate expertise to Shades of Green and provide insights to S&P Global’s other leading sustainability businesses.
Since its inception in 2017, the S&P Global Ratings SPO has been underpinned by a robust, published analytical approach, created by a team of sustainable finance analysts who rely on the sector-level expertise provided by credit analysts. I’m here.
Transaction signed and closed December 1, 2022 and terms were not disclosed.
About S&P Global:
S&P Global (NYSE: SPGI) provides essential intelligence. Empower governments, businesses and individuals with the right data, expertise and connected technology to make confident decisions. From helping our clients evaluate new investments to guiding them through his ESG and energy transitions across the supply chain, we explore new opportunities, solve challenges and accelerate the world’s progress. increase.
We are widely sought after by many of the world’s leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. All our products help the world’s leading organizations plan for today, tomorrow.
About S&P Global Ratings
S&P Global Ratings, part of S&P Global Inc. (NYSE: SPGI), is the world’s leading provider of independent credit risk research. We publish over one million credit ratings on bonds issued by sovereigns, municipalities, corporations and entities in the financial sector. With over 1,600 credit analysts in 26 countries and over 150 years of credit risk assessment experience, we offer a unique combination of global coverage and local insight. Our research and opinion on relative credit risk provides market participants with information to help support the growth of transparent and liquid fixed income markets around the world.
Cicero The world’s leading institute for interdisciplinary climate research. We provide high-quality research and knowledge that help society respond to climate challenges and strengthen international climate cooperation. Cicero is internationally recognized for its research on the climate impacts of anthropogenic emissions, societal responses to climate change, and the development of international agreements. We have played an active role in the IPCC since his 1992. Cicero Founded in 2018, having developed considerable expertise in climate finance. Cicero Shades of Green is a subsidiary specializing in climate risk services to the financial sector, acquired by S&P Global Ratings in 2022.
Forward-Looking Statements: This press release contains “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements include statements regarding COVID-19 and the completed merger between our subsidiary and our subsidiary (the “Merger”). IHS Markit Ltd. (“IHS Markit”) expresses management’s current views regarding future events, trends, contingencies or outcomes, which appear in various places in this press release and We use words like “predict”, “assume” and “believe”. “Continued”, “Estimated”, “Expected”, “Forecast”, “Future”, “Intent”, “Plan”, “Possible”, “Forecast”, “Plan”, “Strategy”, “Target” and similar and future tense or conditional verbs such as “could”, “may”, “might”, “should”, “will”, “would”. For example, management may use forward-looking statements when addressing topics such as: future actions by regulators; changes in our business strategy and how we generate revenue; development and performance of our services and products; Expected Effects of Acquisitions and Dispositions. Our effective tax rate. our cost structure, dividend policy, cash flow or liquidity;
Forward-looking statements involve inherent risks and uncertainties. Factors that could cause actual results to differ materially from those expressed or implied by forward-looking statements include, among others:
- Global economic, financial, political and regulatory conditions, as well as uncertainty and instability, natural and man-made disasters, civil unrest, pandemics (e.g. COVID-19), geopolitical uncertainties (including military conflicts) ), and may result from legislative, regulatory, trade and policy changes.
- our ability to retain our customers, execute our plans, forecasts and other expectations regarding IHS Markit’s business, and realize expected synergies;
- Post-merger business disruption.
- our ability to meet merger accounting and tax treatment expectations;
- The health of fixed income and equity markets, including credit quality and spreads, liquidity levels and future bond issuances, demand for investment products that track indices and valuations of certain exchange-traded derivatives, and trading volumes.
- the demand and markets for credit ratings in the sectors and geographies in which we operate;
- in the event of a disaster or other business continuity issue caused by hurricanes, floods, earthquakes, terrorist attacks, pandemics, security breaches, cyber attacks, data breaches, power outages, telecommunications failures, or other natural or man-made factors; The ability of the company to recover to normal. This includes the ability to work remotely during long-term disruptions such as his ongoing COVID-19 pandemic.
- Company’s ability to maintain appropriate physical, technical and administrative safeguards to protect the security of confidential information and data, and the possibility of system or network disruption. This could result in regulatory penalties and remediation costs, or improper disclosure of confidential information or data.
- litigation, governmental and regulatory proceedings, investigations and the results of investigations;
- market concerns that affect our credibility or affect the market’s perception of the integrity or usefulness of independent credit ratings, benchmarks and indices;
- The impact of competitive products and pricing, including the level of success of new product development and global expansion.
- our exposure to potential criminal or civil sanctions for violations of applicable foreign and U.S. laws and regulations in the domestic and international jurisdictions in which we operate; Iran, Russia, Sudan, Syria When Venezuelaanti-corruption laws, such as the US Foreign Corrupt Practices Act and the UK Bribery Act of 2010, and local laws prohibiting corrupt payments to government officials, and export and import restrictions.
- An ever-evolving regulatory environment Europe, usa S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodities Insights, S&P Global Mobility, S&P Dow Jones Indices, S&P Global Engineering Solutions, and our products, including our ESG products offered by these business units, and our compliance therewith .
- our ability to make acquisitions and dispositions and to successfully integrate acquired businesses;
- Integration in our end customer markets.
- Introduction of competing products or technologies by other companies.
- The impact of customer pressure to cut costs, including in the financial services industry and commodity markets.
- Declining demand for credit risk management tools by financial institutions.
- level of merger and acquisition activity in usa and abroad;
- Volatility and health of energy and commodity markets.
- Our ability to attract, incentivize and retain key employees, especially in today’s competitive business environment.
- the level of our future cash flows and capital expenditures;
- The impact of foreign exchange rate fluctuations on our revenues and net income.
- Our ability to adapt to changes in Europe and England market as England Brexit from the European Union and its implications British Withdrawing from our credit rating activities and other offerings in the European Union England; When
- the effect on us of changes in applicable tax or accounting requirements;
The above factors are not exhaustive. The Company and its subsidiaries operate in a dynamic business environment in which new risks frequently emerge. Accordingly, we caution readers not to place undue reliance on forward-looking statements. These statements speak only as of the date they were made. We undertake no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date the forward-looking statements were made, except as required by applicable law. Shall not. Further information about our business, including information about factors that may have a material impact on our results of operations and financial condition, is available in Section 1A, Risk factorin its recently filed Annual Report on Form 10-K.
Information for investors: http://investor.spglobal.com
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