S&P Global

New York
Diversified Financials

Risk Level:

Rating - Caution
Medium Risk

Summary:

While S&P Global has not publicly terminated business relationships due to religious or political beliefs, it does vet suppliers according to LGBTQ policies. S&P Global incorporates ESG into all of its business operations, including its credit ratings for state and local governments. It has supported the Equality Act and signed the CEO Action for Diversity and Inclusion pledge, and the company has bolstered its DEI- and climate-related ESG commitments. S&P Global does not protect employees from viewpoint discrimination. For these reasons, S&P Global receives a Medium Risk rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

S&P Global received a score of 100 on the Corporate Equality Index from the Human Rights Campaign (1). Among other requirements, this means the company has pledged to vet suppliers according to LGBTQ policies. There are no publicly known instances of S&P Global terminating business relationships due to religious or political beliefs. S&P Global does incorporate ESG into its credit ratings, including state credit ratings, for which it has drawn criticism and investigations (2)(3)(4)(5).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

S&P Global’s charitable giving guidelines prioritize STEM education, sustainability, and economic development (1).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

S&P Global does not protect employees from viewpoint discrimination (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

S&P Global signed an open letter in support of the Equality Act (1). Internally, S&P Global has instituted DEI-focused training for employees and created a “Diversity Research Lab” (2). The company has pledged to become carbon-neutral and tacitly criticized the Trump administration for pulling the United States out of the Paris Climate Accord (3). S&P Global has signed the CEO Action for Diversity and Inclusion pledge (4).

 

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

S&P Global pledged $1 million to the Black Lives Matter movement and related causes (1)(2).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

S&P Global donates in a bipartisan manner and has not used its PAC for ideological purposes (1).

All links were last accessed and all information was updated on:
March 29, 2023

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