S&P Global

IHS Markit
New York
Diversified Financials

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

S&P Global scored a 90 out of 100 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with Human Rights Campaign’s controversial demands, S&P Global increases the risk of dividing employees, alienating customers and harming shareholders. The company provides a benefits package for employees which covers transgender medical procedures for covered employees and dependents, including children. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. S&P Global forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. S&P Global incorporates ESG into its credit ratings, including state credit ratings, for which it has drawn criticism and investigations. The company has instituted DEI-focused training for employees and created a "Diversity Research Lab". S&P Global signed an open letter in support of the Equality Act, a controversial bill. The company is part of the Net Zero Financial Service Providers Alliance, committed to carbon neutrality by 2050. S&P Global tacitly criticized the Trump administration for pulling the United States out of the Paris Climate Accord. Peterson is also a member of the Business Roundtable and signed its 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders and customers. S&P Global’s CEO, Douglas Peterson, signed the CEO Action for Diversity and Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. IHS Markit’s CEO, Lance Uggla, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. S&P Global pledged $1 million to the Black Lives Matter movement and related causes. The company is a corporate partner of the National LGBT Chamber of Commerce. For these reasons, S&P Global receives a High Risk rating.

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