MASHINIi

S&P Global Inc.

SPGI.US | Other information service activities n.e.c.

S&P Global Inc. is a leading provider of ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through several divisions, including S&P Global Ratings, which provides credit ratings and research; S&P Global Market Intelligence, which offers fin...Show More

Ethical Profile

Mixed.

S&P Global's ethical standing is mixed. The company faced a $20 million SEC civil penalty in 2024 for alleged recordkeeping violations and a $2.5 million settlement in 2022. Internally, reports highlight a 14% mean gender pay gap, a 42% gender bonus gap, and a 445:1 CEO pay ratio in 2023. Conversely, S&P Global targets net-zero emissions by 2040, achieving significant Scope 1 and 2 reductions by 2023. They've also invested $500 million in cybersecurity, launched a comprehensive AI strategy, and made a $10.6 million community investment in 2023.

Value Scores

Better Health for All0
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect-30
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business-10
-100100
Kind to Animals0
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-40
-100100
Respect for Cultures & Communities-40
-100100
Safe & Smart Tech30
-100100
Zero Waste & Sustainable Products-30
-100100

Better Health for All

0

S&P Global demonstrated comprehensive crisis response capabilities during public health emergencies. In January 2020, the company established a pandemic crisis management committee and appointed a Chief Medical Advisor.

1
It launched a free Coronavirus Coverage website
2
and provided hospitals and governments free access to Panjiva supply chain data for ventilators and personal protective equipment.
3
The S&P Global Foundation contributed over $6 million globally for COVID-19 relief efforts.
4
Additionally, the CRISIL team in India served 10,000 meals per day to vulnerable populations during a lockdown,
5
and employees 3D-printed face shields for local healthcare workers.
6
The company's core business activities, such as providing ratings, benchmarks, analytics, and data, do not have a direct positive or negative health impact, nor do they involve health-related products or services requiring accessibility, safety, or specific health data management.

Fair Money & Economic Opportunity

0

S&P Global demonstrates strong data accessibility by making S&P Capital IQ Identifiers available on Data Unlocked (DUNL.org), a free open data portal.

1
This portal provides barrier-free access to over 25 million company records in human and machine-readable formats, including APIs, JSON-LD, and RDF, with Creative Commons licensing for free internal organizational use.
2
Through a pilot initiative, S&P Global supported 1,100 refugees, with over 400 gaining education, employment, and volunteering experiences, contributing to wealth-building outcomes.
3
In 2023, the company reported a total community investment of $10.6 million.
4
As S&P Global does not offer consumer lending or deposit services, nor does it operate financial service access points or provide direct financial literacy programs, several KPIs related to consumer finance, pricing, debt, and geographic inclusion are not applicable.

Fair Pay & Worker Respect

-30

In 2023, S&P Global reported a CEO pay ratio of 445 to 1, with median employee compensation at $43,834.

1
The company also disclosed a mean gender pay gap of 14% in 2023, alongside a 42% gender bonus gap.
2
To address these disparities, S&P Global is investing in developing women leaders and performing annual pay assessments for equitable compensation across demographics.
3
The company offers a competitive compensation structure, including flexible time off and 26 weeks of paid parental leave.
4
Its Global Human Rights Policy addresses fair remuneration and prohibits human trafficking, forced, and child labor.
5

Fair Trade & Ethical Sourcing

0

S&P Global provides its Vendor Code of Conduct (VCOC) to all suppliers, outlining expected ethical principles and standards, including child and involuntary labor prohibitions.

1
Noncompliance with these policies may result in temporary sanctions or loss of an S&P Global account.
2
In 2024, 7.1% of S&P Global's spend was directed to U.S. minority and diverse suppliers.
3
The company had a target of 10% of addressable spend with U.S. minority and diverse organizations by the end of 2025 but does not anticipate meeting this target, as its Supplier Diversity Program was replaced by the Supplier Innovation Program.
4

Honest & Fair Business

-10

S&P Global Ratings incurred a $20 million civil penalty in September 2024 from the SEC for recordkeeping violations related to off-channel communications.

1
The company maintains a comprehensive Financial Crimes Compliance Policy that broadly prohibits bribery and corruption, requires vendor compliance, and aligns with international anti-corruption laws.
2
All employees complete annual Code of Business Ethics training, with additional risk-based training, and the Board of Directors provides oversight.
3
S&P Global offers robust whistleblower protection through multiple confidential reporting avenues, including a 24/7 EthicsPoint Helpline that is audited annually by a neutral third party, and explicitly prohibits retaliation against good-faith reporters.
4

Kind to Animals

0

S&P Global Inc. is a provider of ratings, benchmarks, analytics, and data.

1
Its focus is analytical and not operational, as explicitly stated in a report on sustainable agriculture.
2
This means the company does not engage in activities such as manufacturing products with animal-derived ingredients, conducting animal testing, operating animal agriculture facilities, or directly impacting wildlife habitats through its core business model.
3
Therefore, all KPIs related to direct animal involvement are not applicable to S&P Global's own operations.
4

No War, No Weapons

0

S&P Global Inc. operates primarily in financial data and analytics, with no direct involvement in arms manufacturing or military contracting.

1
Its operations do not indicate direct involvement in military activities, meaning it has no defense or arms-related activities in its core business, no defense business for its board to oversee, and no defense assets to divest. The company has implemented policies to exclude investments in entities associated with controversial weapons and military activities.
2
S&P Global's indices exclude companies that derive significant revenue from military weapons manufacturing or related services.
3
The S&P Global Foundation committed $5 million in grants to organizations supporting peace-building and sustainable practices.
4

Planet-Friendly Business

-40

S&P Global has received validation for its net-zero target by 2040 from the Science-Based Targets Initiative (SBTi)

1
, with Scope 1 and 2 emissions targets consistent with a 1.5°C pathway
2
. The company has committed to a 25% reduction in emissions by 2025 from a 2019 base year, covering Scope 1, 2, and 3 business travel emissions
3
. In 2024, 58% of its operational energy was sourced from renewables
4
. Approximately 10% of S&P Global’s operational area is located in green-certified buildings
5
. 50% of the company's spend is allocated to suppliers with their own science-based targets
6
. S&P Global's annual disclosures align with TCFD recommendations
7
, and it introduced a Carbon Adjusted Earnings Per Share metric into its financial reporting in 2020
8
. Its climate scenario analysis considers various pathways, including 1.7°C and lower scenarios, to assess corporate strategy resilience
9
.

Respect for Cultures & Communities

-40

A complaint was submitted in February 2024 to Dutch and United States National Contact Points against S&P Dow Jones Indices, a subsidiary, alleging breaches of OECD Guidelines.

1
The complaint concerns S&P DJI's business relationships with at least seven companies linked to the Myanmar military, which is accused of genocide and crimes against humanity against the Rohingya people.
2
Complainants allege S&P DJI failed to conduct adequate due diligence to identify and address human rights risks, and requested the establishment of an accessible and effective grievance mechanism.
3
There is a perceived lack of response from S&P DJI to these concerns.
4
S&P Global's operations do not directly involve Free, Prior and Informed Consent (FPIC) processes. The company supports the preservation of New York’s Central Park.
5

Safe & Smart Tech

30

S&P Global demonstrates strong security training effectiveness, with all colleagues required to complete annual training on privacy and information security.

1
In 2022, continuous training and random phishing security testing resulted in a 6% user susceptibility rate, indicating 94% of users demonstrated good security practices.
2
This training was enhanced in 2024 with targeted phishing and advanced simulators.
3
For AI ethics governance, S&P Global established a comprehensive AI strategy in 2023, including appointing a Chief Artificial Intelligence Officer
4
and creating an enterprise-wide AI Council.
5
The company also updated its Acceptable Use Policy to cover AI governance in 2023
6
and conducted a company-wide review of AI governance practices in 2024.
7
Regarding user data control, the company offers comprehensive data protection rights such as access, deletion, correction, and opt-out options.
8
Users can exercise these rights via a Personal Information Request Form, phone, email for appeals, and S&P Global recognizes Global Privacy Control (GPC) signals.
9
In regulatory compliance, S&P Global explicitly states compliance with data protection laws in Japan, Brazil, Colombia, and South Africa.
10
The company completed readiness projects for new and evolving laws in the United States, Saudi Arabia, and China in 2024
11
, and achieved operational compliance with U.S./UK/EU data transfers in 2022
12
, demonstrating a proactive approach to regulatory changes.

Zero Waste & Sustainable Products

-30

S&P Global recycled 77% of its waste in 2024.

1
The company has set a target to achieve zero-waste for all global locations by 2030
2
and to remove single-use plastics across all global office operations by 2025.
3
Waste reduction initiatives include retendering waste contracts to seek zero-waste-to-landfill services, incorporating green lease clauses requiring landlords to support zero-waste goals, implementing sustainable office fit-out specifications for circularity, and writing requirements into construction contracts for waste data collection and recycled content.
4

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.