S&P Global

We provide iconic and innovative index solutions backed by unparalleled expertise across the asset-class spectrum. By bringing transparency to the global ... Corporate /en/index content esgSubNav S&PGlobalS&PGlobalS&PDowJonesIndicesS&PGlobalEngineeringSolutionsS&PGlobalMarketIntelligenceS&PGlobalMobilityS&PGlobalCommodityInsightsS&PGlobalRatingsS&PGlobalSustainable1 Close DiscovermoreaboutS&PGlobal’sofferings InvestorRelationsInvestorRelationsOverviewPresentationsInvestorFactBookNewsReleasesQuarterlyEarningsSECFilings&ReportsExecutiveCommitteeGovernanceMergerInformationStock&DividendsShareholderServicesContactEnglish中文SupportContactUsMediaContacts ProductLogin WhoWeAreCapabilitiesResearch&InsightsCareersEvents OurCompany OurPurpose&ValuesOurPeopleOurHistoryCorporateResponsibilityDiversity,Equity&InclusionInvestorRelations FromS&PGlobalPressRelease:S&PGlobalMergesWithIHSMarkitOnFebruary28,2022,S&PGlobalcompleteditsmergerwithIHSMarkit,thenextstepindeliveringdata,technologyandexpertisethatacceleratesprogress.Read:2021AnnualReportAsgreataslastyearwasforourcompany,inmanyways2022isshapinguptobeevenbetter.InFebruary,weclosedatransformativemergerwithIHSMarkit.Webelievecombiningourtwocompanieswillcreatesubstantiallong-termvalueforallourstakeholders.Read:S&PGlobalFoundationTheS&PGlobalFoundationisaboutmuchmorethanphilanthropy—weareaboutmakingadifferencebyfindinganddevelopingessentialconnectionsbetweentheknowledge-andskill-drivenworkofS&PGlobalandtheneedsofsociety. OURCAPABILITIES OverviewData&AnalyticsResearch&InsightsRatings&BenchmarksTechnologySolutions OURDIVISIONS S&PDowJonesIndicesS&PGlobalEngineeringSolutionsS&PGlobalMarketIntelligenceS&PGlobalMobilityS&PGlobalCommodityInsightsS&PGlobalRatings OverviewFeaturedPodcastsVideos WarinUkraine MostPopularInsightsRead:InflationReductionAct:LandmarkLegislationSuperchargesU.S.CleanEnergyEffortTheInflationReductionAct,orIRA,waspassedinbothhousesofCongressandsignedintolawbyPresidentJoeBideninAugust.Thebillprovidesnearly$370billioninpromotingcleantechnologiesthatwilldriveenergysectortransformationandemissionsreduction.Read:EnergyTransitionOutlookEnergysecurityhasagainrisentothetopofgovernments'prioritiesinthefaceofrisinggasandenergypricesfollowingRussia'sinvasionofUkraine.Thishasputthefocussquarelyonnon-fossil-fuelpowergeneration,suchasfromrenewables(solar,wind,andhydro)andnuclear.Read:CountingonCoalGlobaldemandforcoalisontherisewhilepricesforthermalcoalandmetallurgicalcoalhaveclimbeddramaticallyoverthelastyear.Assomecountrieshaverampedupcoalproduction,othersarelookingforgreeneralternatives. OverviewOurCultureOurCommitmentOurWorkSearchforaJob FeaturedEvents FeaturedS&PGlobalEventsWebinarReplays EventsfromourS&PGlobalDivisions S&PGlobalRatingsEventsS&PGlobalMarketIntelligenceEventsS&PGlobalPlattsEventsS&PDowJonesIndicesEvents Indices Disclaimer S&PEurope3501,586.440.36%S&P5003,583.07-2.37%DJIA29,634.83-1.34%S&P/TSX601,108.74-1.47%S&P/TOPIX1501,626.92.47%S&P/ASX2006,758.81.7%S&PGlobalBMI270.45-1.12%S&P/BMVIPC45,443.35-0.71%S&PLatinAmerica402,389.4-2.69%S&PAsia503,780.41.75%S&PChina5002,374.731.72%S&P500Bond436.79-0.13%S&P500VIXShort-TermFutures9.42.09% Pause Disclaimer GeneralDisclaimer ©2022S&PDowJonesIndices.Allrightsreserved.S&P,S&P500,S&P500LOWVOLATILITYINDEX,S&P100,S&PCOMPOSITE1500,S&P400,S&PMIDCAP400,S&P600,S&PSMALLCAP600,S&PGIVI,GLOBALTITANS,DIVIDENDARISTOCRATS,S&PTARGETDATEINDICES,S&PPRISM,S&PSTRIDE,GICS,SPIVA,SPDRandINDEXOLOGYareregisteredtrademarksofS&PGlobal,Inc.(“S&PGlobal”)oritsaffiliates.DOWJONES,DJ,DJIA,THEDOWandDOWJONESINDUSTRIALAVERAGEareregisteredtrademarksofDowJonesTrademarkHoldingsLLC(“DowJones”).ThesetrademarkstogetherwithothershavebeenlicensedtoS&PDowJonesIndicesLLC.RedistributionorreproductioninwholeorinpartareprohibitedwithoutwrittenpermissionofS&PDowJonesIndicesLLC.ThisdocumentdoesnotconstituteanofferofservicesinjurisdictionswhereS&PDowJonesIndicesLLC,S&PGlobal,DowJonesortheirrespectiveaffiliates(collectively“S&PDowJonesIndices”)donothavethenecessarylicenses.Exceptforcertaincustomindexcalculationservices,allinformationprovidedbyS&PDowJonesIndicesisimpersonalandnottailoredtotheneedsofanyperson,entityorgroupofpersons.S&PDowJonesIndicesreceivescompensationinconnectionwithlicensingitsindicestothirdpartiesandprovidingcustomcalculationservices.Pastperformanceofanindexisnotanindicationorguaranteeoffutureresults. Itisnotpossibletoinvestdirectlyinanindex.Exposuretoanassetclassrepresentedbyanindexmaybeavailablethroughinvestableinstrumentsbasedonthatindex.S&PDowJonesIndicesdoesnotsponsor,endorse,sell,promoteormanageanyinvestmentfundorotherinvestmentvehiclethatisofferedbythirdpartiesandthatseekstoprovideaninvestmentreturnbasedontheperformanceofanyindex.S&PDowJonesIndicesmakesnoassurancethatinvestmentproductsbasedontheindexwillaccuratelytrackindexperformanceorprovidepositiveinvestmentreturns.S&PDowJonesIndicesLLCisnotaninvestmentadvisor,andS&PDowJonesIndicesmakesnorepresentationregardingtheadvisabilityofinvestinginanysuchinvestmentfundorotherinvestmentvehicle.Adecisiontoinvestinanysuchinvestmentfundorotherinvestmentvehicleshouldnotbemadeinrelianceonanyofthestatementssetforthinthisdocument.Prospectiveinvestorsareadvisedtomakeaninvestmentinanysuchfundorothervehicleonlyaftercarefullyconsideringtherisksassociatedwithinvestinginsuchfunds,asdetailedinanofferingmemorandumorsimilardocumentthatispreparedbyoronbehalfoftheissueroftheinvestmentfundorotherinvestmentproductorvehicle.S&PDowJonesIndicesLLCisnotataxadvisor.Ataxadvisorshouldbeconsultedtoevaluatetheimpactofanytax-exemptsecuritiesonportfoliosandthetaxconsequencesofmakinganyparticularinvestmentdecision.InclusionofasecuritywithinanindexisnotarecommendationbyS&PDowJonesIndicestobuy,sell,orholdsuchsecurity,norisitconsideredtobeinvestmentadvice.ClosingpricesforS&PDowJonesIndices’USbenchmarkindicesarecalculatedbyS&PDowJonesIndicesbasedontheclosingpriceoftheindividualconstituentsoftheindexassetbytheirprimaryexchange.ClosingpricesarereceivedbyS&PDowJonesIndicesfromoneofitsthirdpartyvendorsandverifiedbycomparingthemwithpricesfromanalternativevendor.Thevendorsreceivetheclosingpricefromtheprimaryexchanges.Real-timeintradaypricesarecalculatedsimilarlywithoutasecondverification. Thesematerialshavebeenpreparedsolelyforinformationalpurposesbaseduponinformationgenerallyavailabletothepublicandfromsourcesbelievedtobereliable.Nocontentcontainedinthesematerials(includingindexdata,ratings,credit-relatedanalysesanddata,research,valuations,model,softwareorotherapplicationoroutputtherefrom)oranypartthereof(“Content”)maybemodified,reverse-engineered,reproducedordistributedinanyformorbyanymeans,orstoredinadatabaseorretrievalsystem,withoutthepriorwrittenpermissionofS&PDowJonesIndices.TheContentshallnotbeusedforanyunlawfulorunauthorizedpurposes.S&PDowJonesIndicesanditsthird-partydataprovidersandlicensors(collectively“S&PDowJonesIndicesParties”)donotguaranteetheaccuracy,completeness,timelinessoravailabilityoftheContent.S&PDowJonesIndicesPartiesarenotresponsibleforanyerrorsoromissions,regardlessofthecause,fortheresultsobtainedfromtheuseoftheContent.THECONTENTISPROVIDEDONAN“ASIS”BASIS.S&PDOWJONESINDICESPARTIESDISCLAIMANYANDALLEXPRESSORIMPLIEDWARRANTIES,INCLUDING,BUTNOTLIMITEDTO,ANYWARRANTIESOFMERCHANTABILITYORFITNESSFORAPARTICULARPURPOSEORUSE,FREEDOMFROMBUGS,SOFTWAREERRORSORDEFECTS,THATTHECONTENT’SFUNCTIONINGWILLBEUNINTERRUPTEDORTHATTHECONTENTWILLOPERATEWITHANYSOFTWAREORHARDWARECONFIGURATION.InnoeventshallS&PDowJonesIndicesPartiesbeliabletoanypartyforanydirect,indirect,incidental,exemplary,compensatory,punitive,specialorconsequentialdamages,costs,expenses,legalfees,orlosses(including,withoutlimitation,lostincomeorlostprofitsandopportunitycosts)inconnectionwithanyuseoftheContentevenifadvisedofthepossibilityofsuchdamages. Credit-relatedinformationandotheranalyses,includingratings,researchandvaluationsaregenerallyprovidedbylicensorsand/oraffiliatesofS&PDowJonesIndices,includingbutnotlimitedtoS&PGlobal’sotherdivisionssuchasS&PGlobalMarketIntelligence.Anycredit-relatedinformationandotherrelatedanalysesandstatementsintheContentarestatementsofopinionasofthedatetheyareexpressedandnotstatementsoffact.Anyopinion,analysesandratingacknowledgementdecisionsarenotrecommendationstopurchase,hold,orsellanysecuritiesortomakeanyinvestmentdecisions,anddonotaddressthesuitabilityofanysecurity.S&PDowJonesIndicesdoesnotassumeanyobligationtoupdatetheContentfollowingpublicationinanyformorformat.TheContentshouldnotbereliedonandisnotasubstitutefortheskill,judgmentandexperienceoftheuser,itsmanagement,employees,advisorsand/orclientswhenmakinginvestmentandotherbusinessdecisions.S&PDowJonesIndicesLLCdoesnotactasafiduciaryoraninvestmentadvisor.WhileS&PDowJonesIndiceshasobtainedinformationfromsourcestheybelievetobereliable,S&PDowJonesIndicesdoesnotperformanauditorundertakeanydutyofduediligenceorindependentverificationofanyinformationitreceives. Totheextentthatregulatoryauthoritiesallowaratingagencytoacknowledgeinonejurisdictionaratingissuedinanotherjurisdictionforcertainregulatorypurposes,S&PGlobalRatingsreservestherighttoassign,withdraworsuspendsuchacknowledgementatanytimeandinitssolediscretion.S&PDowJonesIndices,includingS&PGlobalRatings,disclaimanydutywhatsoeverarisingoutoftheassignment,withdrawalorsuspensionofanacknowledgementaswellasanyliabilityforanydamageallegedtohavebeensufferedonaccountthereof.AffiliatesofS&PDowJonesIndicesLLC,includingS&PGlobalRatings,mayreceivecompensationforitsratingsandcertaincredit-relatedanalyses,normallyfromissuersorunderwritersofsecuritiesorfromobligors.SuchaffiliatesofS&PDowJonesIndicesLLC,includingS&PGlobalRatings,reservetherighttodisseminateitsopinionsandanalyses.PublicratingsandanalysesfromS&PGlobalRatingsaremadeavailableonitsWebsites, www.standardandpoors.com (freeofcharge),and www.ratingsdirect.com and www.globalcreditportal.com (subscription),andmaybedistributedthroughothermeans,includingviaS&PGlobalRatingspublicationsandthird-partyredistributors.Additionalinformationaboutourratingsfeesisavailableat www.standardandpoors.com/usratingsfees. S&PGlobalkeepscertainactivitiesofitsvariousdivisionsandbusinessunitsseparatefromeachotherinordertopreservetheindependenceandobjectivityoftheirrespectiveactivities.Asaresult,certaindivisionsandbusinessunitsofS&PGlobalmayhaveinformationthatisnotavailabletootherbusinessunits.S&PGlobalhasestablishedpoliciesandprocedurestomaintaintheconfidentialityofcertainnon-publicinformationreceivedinconnectionwitheachanalyticalprocess. Inaddition,S&PDowJonesIndicesprovidesawiderangeofservicesto,orrelatingto,manyorganizations,includingissuersofsecurities,investmentadvisers,broker-dealers,investmentbanks,otherfinancialinstitutionsandfinancialintermediaries,andaccordinglymayreceivefeesorothereconomicbenefitsfromthoseorganizations,includingorganizationswhosesecuritiesorservicestheymayrecommend,rate,includeinmodelportfolios,evaluateorotherwiseaddress. TheGlobalIndustryClassificationStandard(GICS®)wasdevelopedbyandistheexclusivepropertyandatrademarkofS&PandMSCI. NeitherMSCI,S&PnoranyotherpartyinvolvedinmakingorcompilinganyGICSclassificationsmakesanyexpressorimpliedwarrantiesorrepresentationswithrespecttosuchstandardorclassification(ortheresultstobeobtainedbytheusethereof),andallsuchpartiesherebyexpresslydisclaimallwarrantiesoforiginality,accuracy,completeness,merchantabilityorfitnessforaparticularpurposewithrespecttoanyofsuchstandardorclassification. Withoutlimitinganyoftheforegoing,innoeventshallMSCI,S&P,anyoftheiraffiliatesoranythirdpartyinvolvedinmakingorcompilinganyGICSclassificationshaveanyliabilityforanydirect,indirect,special,punitive,consequentialoranyotherdamages(includinglostprofits)evenifnotifiedofthepossibilityofsuchdamages. ASX,ALLORDINARIESaretrademarksofASXOperationsPtyLtd.andhavebeenlicensedforusebyS&PDowJonesIndices. B3isatrademarkofB3S.A. -Brasil,Bolsa,BalcãoandhasbeenlicensedforusebyS&PDowJonesIndices. CLX,IGPA,IPSA,BOLSADESANTIAGO,BOLSADECOMERCIODESANTIAGO,BOLSADECOMERCIODESANTIAGOBOLSAELECTR6NICA,BOLSADECOMERCIOSANTIAGO-CHILE,BOLSADEVALORESDESANTIAGO,BOLSANACIONALDECOMERCIO,BOLSAOFFSHORE,BOLSADECOMERCIODESANTIAGO,BOLSADEVALORES,SANTIAGOSTOCKEXCHANGEaretrademarksofBolsadeComerciodeSantiagoandhavebeenlicensedforusebyS&PDowJonesIndices. BMVisatrademarkofBolsaMexicanadeValores,S.A.B.deC.V.andhasbeenlicensedforusebyS&PDowJonesIndices. BNYMellonisatrademarkofTheBankofNewYorkMellonCorporationandhasbeenlicensedforusebyS&PDowJonesIndices. BrookfieldRedding,Inc.and/oritsaffiliates(includingbutnotlimitedtoBrookfieldAssetManagementInc.,collectively“Co-Publisher”)owncertainintellectualpropertyrightswithrespecttotheDowJonesBrookfieldInfrastructureIndexes,whichrightshavebeenlicensedtoS&Pforuse. BVLisatrademarkofBolsadeValoresdeLimaS.A.andhasbeenlicensedforusebyS&PDowJonesIndices. BYMAisatrademarkofBolsasyMercadosArgentinosS.A.andhasbeenlicensedforusebyS&PDowJonesIndices. CASE-SHILLERisaregisteredtrademarkofCoreLogicCase-Shiller,LLCandhasbeenlicensedforusebyS&PDowJonesIndices. CSEisatrademarkofColomboStockExchangeandhasbeenlicensedforusebyS&PDowJonesIndices. DRUCKERINSTITUTEisatrademarkofClaremontGraduateUniversityandhasbeenlicensedforusebyS&PDowJonesIndices. EGXisatrademarkofTheEgyptianExchangeandhasbeenlicensedforusebyS&PDowJonesIndices. EXPERIANisatrademarkofExperianInformationServicesInc.andhasbeenlicensedforusebyS&PDowJonesIndices. FEASisatrademarkoftheFederationofEuro-AsianStockExchangesandhasbeenlicensedforusebyS&PDowJonesIndices. FMDQisatrademarkofFMDQOTCSecuritiesExchangeandhasbeenlicensedforusebyS&PDowJonesIndices. GSCIisaregisteredtrademarkofTheGoldmanSachsGroup,Inc.(“Goldman”)andhasbeenlicensedforusebyS&PDowJonesIndices.TheS&PGSCIindexisnotcreated,owned,endorsed,sponsored,soldorpromotedbyGoldmanoritsaffiliatesandGoldmanbearsnoliabilitywithrespecttosuchindexordatarelatedthereto. Goldmanprovidesnoguaranteeastotheaccuracyand/orthecompletenessoftheS&PGSCIindexoranydatarelatedthereto. HARELisatrademarkofHarelInsuranceInvestmentsandFinancialServicesLtd.andhasbeenlicensedforusebyS&PDowJonesIndices. HAWKAMAHisatrademarkofHawkamahLLCandhasbeenlicensedforusebyS&PDowJonesIndices. HKExisatrademarkofHKExInformationServicesLimitedandhasbeenlicensedforusebyS&PDowJonesIndices. IFCIandIFCGaretrademarksofInternationalFinanceCorporationandhavebeenlicensedforusebyS&PDowJonesIndices. ISDAisatrademarkoftheInternationalSwaps&DerivativesAssociation,Inc.andhasbeenlicensedforusebyS&PDowJonesIndices. JPXisatrademarkofJapanExchangeGroup,Inc.andhasbeenlicensedforusebyS&PDowJonesIndices. KENSHOisatrademarkofKenshoTechnologies,LLCandhasbeenlicensedforusebyS&PDowJonesIndices. KRXandKOSPIaretrademarksofTheKoreaExchangeandhavebeenlicensedforusebyS&PDowJonesIndices. LINKUPisatrademarkofJobDig,Inc.andhasbeenlicensedforusebyS&PDowJonesIndices. LSTAisatrademarkofLoanSyndicationsandTradingAssociation,Inc.andhasbeenlicensedforusebyS&PDowJonesIndices. MARKETAXXESSisatrademarkofMarketAxxessCorporationandhasbeenlicensedforusebyS&PDowJonesIndices. MERVALisatrademarkofBolsasyMercadosArgentinosS.A.andhasbeenlicensedforusebyS&PDowJonesIndices. IncountrieswithintheglobalterritoryotherthanChile,MILAisatrademarkofBalsadeValoresdeColombia,S.A,BalsadeValoresdeLimaandBolsadeComerciodeSantiago.InChile,MILAisatrademarkofBolsadeComerciodeSantiagoandDepositoCentraldeValores.ThismarkhasbeenlicensedforusebyS&PDowJonesIndices. NZXisatrademarkofNZXLimitedandhavebeenlicensedforusebyS&PDowJonesIndices. S&PGlobal,providesthedatathatpowersthegloballyrecognizedDowJonesSustainabilityIndices,S&P500ESGIndex,andothersintheS&PESGIndexSeries.Eachyear,S&PGlobalconductstheCorporateSustainabilityAssessment,anESGanalysisofover7,300companies.TheCSAhasproducedoneoftheworld’smostcomprehensivedatabasesoffinanciallymaterialsustainabilityinformation,andservesasthebasisforthescoresthatgovernS&PDJIESGindices. TAIFEXisatrademarkofTaiwanFuturesExchangeandhasbeenlicensedforusebyS&PDowJonesIndices. TOPIXisatrademarkofTokyoStockExchangeandhasbeenlicensedforusebyS&PDowJonesIndices. TSXisatrademarkofTSX,Inc.andhasbeenlicensedforusebyS&PDowJonesIndices. TWITTERisatrademarkofTwitter,Inc.andhasbeenlicensedforusebyS&PDowJonesIndices. VALMERisatrademarkofValuacionOperativayReferenciasdeMercadoS.A.deC.V.andhasbeenlicensedforusebyS&PDowJonesIndices VIXandCboeareregisteredtrademarksofCboeExchange,Inc.andhavebeenlicensedforusebyS&PDowJonesIndices. EconomyS&PGlobalInflationReductionAct:LandmarkLegislationSuperchargesU.S.CleanEnergyEffortSmartcontractsareacorebuildingblockofdecentralizedapplications,facilitatingtheexecutionofspecifiedtasks(suchaspayments)basedonpredeterminedbusinessrules.Theyhavehadslowandlimitedadoptioninthefinancialmarketsowingtokeyrisksincludingtechnologyissues(suchasincorrectcoding)andlegalandregulatoryambiguitiesthatmakeaccountabilitydifficult. EconomyS&PGlobalAmericasTheU.S.economy’srecoveryissettocontinuein2022,albeitatalowerpacethaninthepreviousyear.Canada’seconomyissettoexperiencestrongexpansionagainstthebackdropofcontinuedcoronavirusandinflationrisks.InLatAm,therecoveryisexpectedtocontinueunevenlyacrosscountriesandsectors. Energy&CommoditiesS&PGlobalEnergyTransitionTheheightenedurgencyoftheclimatecrisishasacceleratedcallstoactionfortheglobalenergyindustrytoshiftfromfossil-basedsystemsofenergyproductionandconsumption—includingoil,naturalgas,andcoal—torenewableenergysources. EssentialIntelligenceforachangingworld. Seek&Prosper S&PGlobalDailyUpdate S&PGlobalDailyUpdateOctober14,2022LandmarkLegislationSuperchargesU.S.CleanEnergyEffort S&PGlobalDailyUpdateOctober13,2022MakingSenseoftheSaudisSubscribetoESGInsider,apodcastfromS&PGlobalSustainable1thattakesyouinsidetheenvironmental,socialandgovernanceissuesshapingthebusinessworldthroughin-depthanalysisandinterviewswithsustainabilityleaders. S&PGlobalDailyUpdateOctober12,2022EVRevolution,BatteriesNotIncludedStarteverybusinessdaywithouranalysesofthemostpressingdevelopmentsaffectingmarketstoday,alongsideacuratedselectionofourlatestandmostimportantinsightsontheglobaleconomy. Subscribetoday Energy&Commodities GasDemandReductionKeyforUpcomingWinter,butSituation‘Manageable’:EC EUmemberstatesneedtoretainfocusonreducinggasconsumptioninordertomanagetheupcomingwinter,whichstillhasthepotentialtobecomemoredifficult,aseniorEuropeanCommissionofficialsaidSept.21.SpeakingduringaEurogaswebinar,ECheadofunitattheenergydirectorateMonikaZsigriwarnedagainstcomplacencydespitetheseriesofmeasurestheEChasintroducedtoensurewintersupplysecurity."Astheheatingseasonapproaches,westillneedtolookatdemandreduction,"Zsigrisaid."Ifextrasuppliesaredifficulttoobtainduetotheglobalsituationongassupply,wehavetolookatdemand,"shesaid."Thesituationforthiswinterismanageable,butitcanbecomemoredifficultsowecannotbecomplacent.Moreremainstobedonetoincreaseourresiliencefurther,"shesaid.SignificantcutsinRussiangassupplieshaveleftEuropeshortongas,pushingpricestorecordhighsinrecentmonths. ReadtheFullArticle> DiscoverOneS&PGlobalExplorepremiumfundamentalandalternativedatasetsavailableseamlesslyviaDesktop,Cloud,DataFeed,andAPISolutions,alongwithexpertanalysisyouwon'tfindanywhereelse,ontheS&PGlobalMarketplace. StartExploring FeaturedInsights CapitalMarketsS&PGlobalSmartContractsCouldImproveEfficiencyAndTransparencyInFinancialTransactionSmartcontractsareacorebuildingblockofdecentralizedapplications,facilitatingtheexecutionofspecifiedtasks(suchaspayments)basedonpredeterminedbusinessrules.Usingsmartcontractsinfinancialtransactionscanimproveefficiencyandreducerelianceonthirdpartieslikeassetservicersandcustodians,aswellasmaketransactionresolutionsfaster--enhancingcreditworthinessandtheintegrityofbusinessdealings.Smartcontractshavehadslowandlimitedadoptioninthefinancialmarketsowingtokeyrisksincludingtechnologyissues(suchasincorrectcoding)andlegalandregulatoryambiguitiesthatmakeaccountabilitydifficult. SustainabilityS&PGlobalSustainable1SustainabilityQuarterlyThird-Quarter2022Edition:TurningClimateGoalsintoActionAroundtheglobe,countriesarefacinggrowingexposuretothephysicalimpactsofclimatechange.Theseimpactstakecenterstageasweheadintoabusyfallseasonofclimateevents—startingwithClimateWeekNYCinSeptemberandculminatingwiththeU.N.’sClimateChangeConference,knownasCOP27,inNovember.Theinaugural S&PGlobalSustainabilityQuarterly isaroadmaptounderstandingthisevolvingclimatelandscape. Energy&CommoditiesS&PGlobalEnergyTransitionOutlookReceiveimmediateinsightsontheindividualmarketdevelopmentsyouneedtoknowfora360°perspectiveonthebigstoriesshapingourworld. SubscribetoourResearch&InsightsKeyTopicsGlobalEconomyMetals&MiningOil&GasChinainFocusSupplyChainsEnergyTransitionMarketDynamicsCreditMarketsESGRegulation&StandardsAgribusinessBankingAutomotiveTechnology&MediaAmericasEconomyInsurance DISCOVERMORE MarketsinMotion SUBSCRIBE Energy&CommoditiesMarketsinMotionFoodScarcityontheForefrontAshighinflationratesacrosstheglobecontinue,manyindustriesarehavingtofacethelikelyscenarioofstagflation—whichwouldlikelyhitespeciallyhardforthosenotfullyrecoveredfromCOVID-19. EconomyMarketsinMotionARisingTideofInflationCompaniesandconsumersarehavingtofacesurgingpricesforfuel,food,andothercommoditiesasinflationrisestoitshighestlevelindecades. Energy&CommoditiesMarketsinMotionTheSteelIndustry’sDeclineAshighinflationcontinuestoaffecteconomiesworldwide,theglobalsteelmarketisfeelingtheeffects.Demandforthemetalhasdipped,andsomecountries—includingChina—areexpectingpotentialoutputreductions. TrendingCapitalMarketsPrivateDebt:ALesser-KnownCornerOfFinanceFindsTheSpotlightTheprivatedebtmarkethasgrowntenfoldinthepastdecadewithassetsundermanagementoffundsprimarilyinvolvedindirectlendingsurgingto$412billionatend-2020—spurredinpartbyinvestors’searchforhigheryield. MarketsinMotionTheSteelIndustry'sDecline Ashighinflationcontinuestoaffecteconomiesworldwide,theglobalsteelmarketisfeelingtheeffects.Demandforthemetalhasdipped,andsomecountries—includingChina—areexpectingpotentialoutputreductions. Energy&CommoditiesAgribusinessAgriculturefeedstheglobalcommunity.Discoverwhat’sdrivingtheproduction,trade,prices,andperformanceofcorn,sugar,soybeans,pork,vegetableoils,andotherfoodcommodities. Energy&CommoditiesMetals&MiningHigherMetalsPricesAreLikelyin2023 Technology&InnovationAutomotivePluggingintotheElectrifiedFuture Energy&CommoditiesEnergyTransitionNuclearEnergyIsGrowingonaGlobalScaleWhenyoursuccessdependsonit,choosetrustedadvisorsthatyoucanrelyonfordecision-makingsupport,marketinsightsanddata-drivenanalysis.Gettoknowourexperts–signuptoreceivecomplimentaryresearchhighlightseveryweek. GetontheList TheEssentialPodcast SEEALLEPISODES Episode69 SlouchingTowardUtopia—BradDeLongandtheLongTwentiethCentury Episode69 Episode68 PrivateDebt—FitforGrowth Episode68 Episode67 PyramidofLies—ReportingonGreensillCapital Episode67 SEEALLEPISODES OurDivisionsBringingtogetherhighlycomplementarycapabilitiestopowerthemarketsofthefuture. Ouranalyst-drivencreditratings,research,andsustainablefinanceopinionsprovidecriticalinsightsthatareessentialtotranslatingcomplexityintoclaritysomarketparticipantscanuncoveropportunitiesandmakedecisionswithconviction. Weprovideiconicandinnovativeindexsolutionsbackedbyunparalleledexpertiseacrosstheasset-classspectrum.Bybringingtransparencytotheglobalcapitalmarkets,weempowerinvestorseverywheretomakedecisionswithconviction. Withourunparalleleddataanddeepinsightsofglobalenergyandcommoditiesmarkets,weenableourcustomerstomakedecisionswithconvictionandcreatelong-term,sustainablevalue. Ourteamofexpertsdeliversleadingdataandtechnologysolutions,partneringwithcustomerstoprovidethemwithunrivaledinsightstoexpandtheirperspectives,operatewithconfidenceandmakedecisionswithconviction. Weprovideinvaluableinsightsderivedfromunmatchedautomotivedata,enablingourcustomerstoanticipatechangeandmakedecisionswithconviction.Wehelptooptimizetheirbusinesses,reachtherightconsumers,andshapethefutureofmobility. Leveragingourcombinationoftrusteddata,insights,technologyandexpertise,weempowerbusinessandtechnicalleaderstomakedecisionswithconviction,transformingworkflowsandend-userexperiences. Data&Analytics Research&Commentary Benchmarks CreditRatings WorkflowSolutions ESGSolutions