S&P International acquires Shades of Inexperienced enterprise from CICERO

Brings complementary capabilities inside S&P International Rankings associated to the availability of second occasion opinions

NEW YORK, Dec. 6, 2022 /PRNewswire/ — S&P International (NYSE: SPGI), supplier of credit score scores, benchmarks and analytics, has introduced the acquisition of the Shades of Inexperienced enterprise from the Heart for Worldwide Local weather Analysis (CICERO), Norway’s foremost institute for interdisciplinary local weather analysis.

The acquisition can be built-in into S&P International Rankings and additional increase the breadth and depth of its second occasion opinions (SPOs) providing. SPOs are unbiased assessments of an organization’s financing or framework’s alignment with market requirements and sometimes offered earlier than any borrowing is raised.

The worldwide ESG debt universe has grown quickly to succeed in $4.5 trillion now in comparison with $1.5 trillion two years in the past in line with the Worldwide Institute of Finance. Shades of Inexperienced supplies unbiased, research-based SPOs of inexperienced, sustainability and sustainability-linked financing frameworks and local weather threat assessments and impression reporting critiques grounded in local weather science. Since offering the SPO for the primary inexperienced bond framework issued by the World Financial institution in 2008, it has been a number one supplier of SPOs, since being established as a subsidiary to CICERO in 2018. The agency has received a number of trade awards for the standard of its evaluation and its Shades of Inexperienced methodology is very revered in offering deeper transparency on local weather threat.

“At S&P International Rankings, we’re dedicated to offering the info, evaluation and opinions that buyers have to make choices with conviction. In the identical means we try to offer transparency on credit score high quality with our credit score scores, we have been constructing the capabilities and experience to help the event of the sustainable debt market,” stated Martina Cheung, President of S&P International Rankings. “Shades of Inexperienced’s unrivalled local weather experience and observe file will assist us additional increase and strengthen our means to assist our prospects looking for entry to the sustainable debt markets.”

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“With S&P International Rankings, we’ve discovered a associate with the identical dedication to transparency and the means to help a extra sustainable monetary system,” added Kristin Halvorsen, Director, Heart for Worldwide Local weather Analysis (CICERO).

“The Shades of Inexperienced methodology supplies transparency on local weather threat whereas motivating early-movers out there and rewarding superior actors.” Christa Clapp, Co-founder, CICERO Shades of Inexperienced.

S&P International Rankings will retain an workplace in Oslo, Norway the place Shades of Inexperienced relies. The Heart for Worldwide Local weather Analysis will proceed to lend its local weather experience to Shades of Inexperienced and supply insights to S&P International’s different main sustainability companies.

Since launching in 2017, S&P International Rankings’ SPOs have been underpinned by a sturdy and printed analytical strategy and produced by a group of sustainable finance analysts counting on the sector degree experience offered by the credit score analysts.

The transaction was signed and closed on 1 December 2022 and phrases weren’t disclosed.

About S&P International:

S&P International (NYSE: SPGI) supplies important intelligence. We allow governments, companies and people with the appropriate knowledge, experience and related know-how in order that they will make choices with conviction. From serving to our prospects assess new investments to guiding them via ESG and power transition throughout provide chains, we unlock new alternatives, clear up challenges and speed up progress for the world.

We’re broadly wanted by lots of the world’s main organizations to offer credit score scores, benchmarks, analytics and workflow options within the international capital, commodity and automotive markets. With each one in all our choices, we assist the world’s main organizations plan for tomorrow, right this moment.

About S&P International Rankings

S&P International Rankings, a part of S&P International Inc. (NYSE: SPGI), is the world’s main supplier of unbiased credit score threat analysis. We publish greater than 1,000,000 credit score scores on debt issued by sovereign, municipal, company and monetary sector entities. With over 1,600 credit score analysts in 26 international locations, and greater than 150 years’ expertise of assessing credit score threat, we provide a novel mixture of worldwide protection and native perception. Our analysis and opinions about relative credit score threat present market individuals with data that helps to help the expansion of clear, liquid debt markets worldwide.

About CICERO

CICERO is a world main institute for interdisciplinary local weather analysis. We ship prime quality analysis and information that assist society reply to the local weather problem and strengthen worldwide local weather cooperation. CICERO is internationally recognised for its analysis on the local weather results of anthropogenic emissions, society’s response to local weather change, and the formulation of worldwide agreements. Now we have performed an energetic position within the IPCC since 1992. In recent times CICERO has developed appreciable experience in local weather finance and in 2018 established CICERO Shades of Inexperienced, a subsidiary to professionalise the local weather threat providers to the monetary sector, acquired by S&P International Rankings in 2022.

Ahead-Trying Statements: This press launch accommodates “forward-looking statements,” as outlined within the Non-public Securities Litigation Reform Act of 1995.  These statements, together with statements about COVID-19 and the finished merger (the “Merger”) between a subsidiary of the Firm and IHS Markit Ltd. (“IHS Markit”), which specific administration’s present views regarding future occasions, developments, contingencies or outcomes, seem at varied locations on this press launch and use phrases like “anticipate,” “assume,” “consider,” “proceed,” “estimate,” “anticipate,” “forecast,” “future,” “intend,” “plan,” “potential,” “predict,” “venture,” “technique,” “goal” and comparable phrases, and future or conditional tense verbs like “may,” “might,” “may,” “ought to,” “will” and “would.” For instance, administration might use forward-looking statements when addressing subjects resembling: the end result of contingencies; future actions by regulators; adjustments within the Firm’s enterprise methods and strategies of producing income; the event and efficiency of the Firm’s providers and merchandise; the anticipated impression of acquisitions and inclinations; the Firm’s efficient tax charges; and the Firm’s value construction, dividend coverage, money flows or liquidity.

Ahead-looking statements are topic to inherent dangers and uncertainties. Elements that would trigger precise outcomes to vary materially from these expressed or implied in forward-looking statements embrace, amongst different issues:

• worldwide financial, monetary, political, and regulatory circumstances, and components that contribute to uncertainty and volatility, pure and man-made disasters, civil unrest, pandemics (e.g., COVID-19), geopolitical uncertainty (together with army battle), and circumstances that will end result from legislative, regulatory, commerce and coverage adjustments;

• the power of the Firm to retain prospects and to implement its plans, forecasts and different expectations with respect to IHS Markit’s enterprise and notice anticipated synergies;

• enterprise disruption following the Merger;

• the Firm’s means to satisfy expectations concerning the accounting and tax therapies of the Merger;

• the well being of debt and fairness markets, together with credit score high quality and spreads, the extent of liquidity and future debt issuances, demand for funding merchandise that observe indices and assessments and buying and selling volumes of sure exchange-traded derivatives;

• the demand and marketplace for credit score scores in and throughout the sectors and geographies the place the Firm operates;

• the Firm’s means to efficiently recuperate ought to it expertise a catastrophe or different enterprise continuity drawback from a hurricane, flood, earthquake, terrorist assault, pandemic, safety breach, cyber assault, knowledge breach, energy loss, telecommunications failure or different pure or man-made occasion, together with the power to perform remotely throughout long-term disruptions resembling the continued COVID-19 pandemic;

• the Firm’s means to take care of ample bodily, technical and administrative safeguards to guard the safety of confidential data and knowledge, and the potential for a system or community disruption that ends in regulatory penalties and remedial prices or improper disclosure of confidential data or knowledge;

• the end result of litigation, authorities and regulatory proceedings, investigations and inquiries;

• considerations within the market affecting the Firm’s credibility or in any other case affecting market perceptions of the integrity or utility of unbiased credit score scores, benchmarks and indices;

• the impact of aggressive merchandise and pricing, together with the extent of success of latest product developments and international enlargement;

• the Firm’s publicity to potential felony sanctions or civil penalties for noncompliance with overseas and U.S. legal guidelines and laws which can be relevant within the home and worldwide jurisdictions during which it operates, together with sanctions legal guidelines referring to international locations resembling Iran, Russia, Sudan, Syria and Venezuela, anti-corruption legal guidelines such because the U.S. International Corrupt Practices Act and the U.Ok. Bribery Act of 2010, and native legal guidelines prohibiting corrupt funds to authorities officers, in addition to import and export restrictions;

• the constantly evolving regulatory surroundings, in Europe, the USA and elsewhere across the globe, affecting S&P International Market Intelligence, S&P International Rankings, S&P International Commodity Insights, S&P International Mobility, S&P Dow Jones Indices, S&P International Engineering Options, and the merchandise these enterprise divisions supply together with our ESG merchandise, and the Firm’s compliance therewith;

• the Firm’s means to make acquisitions and inclinations and efficiently combine the companies we purchase;

• consolidation within the Firm’s end-customer markets;

• the introduction of competing merchandise or applied sciences by different corporations;

• the impression of buyer cost-cutting pressures, together with within the monetary providers trade and the commodities markets;

• a decline within the demand for credit score threat administration instruments by monetary establishments;

• the extent of merger and acquisition exercise in the USA and overseas;

• the volatility and well being of the power and commodities markets;

• our means to draw, incentivize and retain key staff, particularly in right this moment’s aggressive enterprise surroundings;

• the extent of the Firm’s future money flows and capital investments;

• the impression on the Firm’s income and internet revenue brought on by fluctuations in overseas foreign money alternate charges;

• the Firm’s means to regulate to adjustments in European and United Kingdom markets because the United Kingdom leaves the European Union, and the impression of the United Kingdom’s departure on our credit standing actions and different choices within the European Union and United Kingdom; and

• the impression of adjustments in relevant tax or accounting necessities on the Firm.

The components famous above will not be exhaustive. The Firm and its subsidiaries function in a dynamic enterprise surroundings during which new dangers emerge incessantly. Accordingly, the Firm cautions readers to not place undue reliance on any forward-looking statements, which converse solely as of the dates on which they’re made. The Firm undertakes no obligation to replace or revise any forward-looking assertion to mirror occasions or circumstances arising after the date on which it’s made, besides as required by relevant legislation. Additional details about the Firm’s companies, together with details about components that would materially have an effect on its outcomes of operations and monetary situation, is contained within the Firm’s filings with the SEC, together with Merchandise 1A, Danger Elements, in our most just lately filed Annual Report on Kind 10-Ok.

Investor Relations: http://investor.spglobal.com

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SOURCE S&P International