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S&P GLOBAL INC

SPGI

Financials

2

exclusion reasons

1 theme

Corporate Misconduct (2)
SPGI Financials Current as of March 2026

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.

Anticompetitive Practices
Since Mar 8, 2026

The DOJ required S&P Global Inc. and IHS Markit Ltd. to divest assets related to their oil price reporting and coal, metals, and mining data businesses to proceed with their merger, citing anticompetitive concerns.

Financial Misconduct
Since Mar 8, 2026

S&P Global Inc. agreed to pay $1.375 billion to settle U.S. Justice Department and state claims over its ratings of mortgage-backed securities before the 2008 financial crisis.

Research Sources 1 organization

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The Naughty List

A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.