S&P Global Inc. - SPGI STOCK NEWS

Novata, a technology platform for private markets, has announced the successful completion of its Series B funding, raising $30 million. This funding was led by Hamilton Lane (NASDAQ: HLNE) and included investors such as S&P Global (NYSE: SPGI) and Microsoft (NASDAQ: MSFT). The capital will enhance Novata's ESG data management platform, which now serves over 3,500 private companies. Launched in April 2022, Novata provides robust benchmarking capabilities and aims to increase ESG transparency in private markets. The company continues to position itself as a critical infrastructure for sustainable capitalism.

S&P Dow Jones Indices has launched the S&P GSCI Climate Aware index, incorporating environmental metrics into commodities tracking. Designed to provide exposure to global commodities while reducing reliance on fossil fuels, this index reallocates weights favoring essential commodities for the energy transition and maintains food commodity allocations.

The index aims for a 25% reduction in environmental impact per dollar compared to the S&P GSCI, with a yearly decarbonization target of 5%. Developed in collaboration with J.P. Morgan, the launch reflects growing market demand for sustainability-focused investment options.

John F. Kerry, U.S. Special Presidential Envoy for Climate, will address the 41st CERAWeek by S&P Global from March 6-10 in Houston. This year's theme is 'Navigating a Turbulent World: Energy, Climate and Security'. The conference will address energy transition challenges amidst global uncertainty, discussing key themes like energy security, geopolitics, and innovation. Kerry's insights are anticipated to enhance dialogues on climate and energy security among industry leaders, policymakers, and experts. The event will also feature a technology hub showcasing transformative energy solutions.

S&P Global Mobility announced the winners of its 27th annual Automotive Loyalty Awards. General Motors secured the 'Overall Loyalty to Manufacturer' award for the eighth consecutive year, while Tesla was recognized for 'Overall Loyalty to Make' among other accolades. The automotive industry faced challenges in 2022, with loyalty decreasing to 50.2%, down from 54.6% in 2019. The awards highlighted Tesla's significant loyalty among ethnic consumers, who accounted for 52% of its loyal customer base. Mercedes-Benz and Subaru received notable awards as well, marking a strong performance in customer retention despite market pressures.

S&P Global (NYSE: SPGI) will feature President and CEO Douglas L. Peterson at the Raymond James' 44th Annual Institutional Investors Conference on March 6, 2023. Peterson is scheduled to present from 9:50 a.m. to 10:20 a.m. ET in Orlando, Florida. The event will be webcast live, providing insights that may include forward-looking information. Following the presentation, a replay will be available on the Company's Investor Relations website for three months, ending June 3, 2023. S&P Global offers essential intelligence and solutions across various markets, empowering entities to make informed decisions.

The CERAWeek by S&P Global 2023 will take place from March 6-10 in Houston, focusing on technology and innovation in the energy sector. The event will feature prominent speakers such as AWS CEO Adam Selipsky and bestselling author Walter Isaacson. Key topics include strategies for reducing emissions and addressing energy demands amidst global uncertainties. The CERAWeek Innovation Agora will showcase over 225 start-ups and facilitate discussions on technologies like hydrogen, carbon management, and digital solutions. The conference aims to foster collaboration among energy leaders, start-ups, and policymakers to tackle pressing energy challenges.

S&P Global Mobility reports that February 2023 U.S. light vehicle sales are projected at 1.1 million units, marking a 5% year-over-year growth and a 6% increase from January. The sales pace stands at 14.4 million units (SAAR), although this reflects a decline from January. Analysts note a rise in fleet sales, indicating consumer uncertainty. Despite concerns over demand destruction, expected increased production will improve vehicle availability by mid-2023, stimulating demand. The 2023 sales forecast is set at 14.8 million units, a 7% increase from 2022, driven by sustained development of battery-electric vehicle (BEV) sales.

S&P Global Mobility has announced the acquisition of Market Scan Information Systems, enhancing its automotive pricing and incentive intelligence capabilities. The move integrates Market Scan's Automotive Payments as a Service™ and payment calculation engine into S&P Global Mobility's offerings, aimed at providing greater value to dealers, OEMs, and lenders. Financial terms were not disclosed, but the acquisition is anticipated to bolster S&P Global Mobility's position in the growing digital automotive retail market. Leaders from both companies expressed excitement about the alignment of their visions and the potential for improved predictive pricing accuracy.