S&P Global

Investment Services

SPGI

$ 337 2.2

Share price

$ 114 bn

Market Cap

$ 93 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.01x the weighted average for S&P 500

FY2020

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

FY2021

S&P Global aims to reduce Scope 1 + 2 by 25% by 2025 from a base year 2019

This target is most likely outdated and the company appears to have already achieved it

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Weaker than the -6.7% weighted average for S&P 500

FY2021

S&P Global aims to achieve net zero for all Scopes by 2040

This target has not been verified as science based according to SBTi

GHG emissions and Carbon intensity

S&P Global reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 19 Kt (-12 /-38.2% y-o-y).

S&P Global's Scope 3 emissions surged to 219 Kt (+172/+366% y-o-y). This is a higher growth rate than over the period since 4Q'17 (+57% CAGR).

The company is committed to reducing Scope 1 + 2 by 25% by 2025 from a base year 2019, which it appears to have already achieved as of 2020. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to achieving net zero for all Scopes by 2040, which translates into the estimated reduction of -12 Kt per annum over the period of FY2021 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Date	Total CO2e emissions (market-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2020Q4	19	1.6	17	219
2019Q4	30	3.6	27	47
2018Q4	30	3	27	36
2017Q4		2.4		36