Dear Fellow Shareholder:
This year’s Annual Report and Doug’s letter to shareholders
explain how S&P Global is confronting the convergence of
immense corporate challenges—the biggest business issues
of this century. The people of our company, spread all over the
globe, are dealing with a worldwide pandemic, working
toward broader workplace diversity and managing through
Despite these challenges, our workforce never wavered from our corporate mission and values. A deeply talented group of professionals has done an excellent job of growing a sustainable business by serving customers, supporting their communities and establishing an admired and unique culture.
The Board of Directors congratulates the leadership team and everyone involved for achieving great financial results in 2020 and for entering into the merger agreement with IHS Markit.
The Board takes its responsibilities for strategy, risk, and financial and human capital matters seriously. The Board approaches its responsibility for environmental, social and governance (ESG) matters with the same level of diligence as the company does in its production of ESG indices, ratings, benchmarks and analytics. We fulfill these responsibilities, in part, by encouraging discussions with management that are open and direct, challenging and fulsome. These conversations concern the material risks, opportunities and obligations facing our company. Over the years, this culture of openness has helped make S&P Global resilient, flexible and adaptable to change in the broadest context.
Delivering Shareholder Value in 2020
Increase in Dividend
of Cash Returned to Shareholders
Total Annual Shareholder Return
In accordance with our governance guidelines, Charles E.
“Ed” Haldeman, Jr. will retire from the Board at our Annual
Shareholders Meeting in May 2021. On behalf of the Board
and management, I extend our heartfelt appreciation to Ed
for his steady leadership during an extraordinary period of
transformation and growth for the company. Ed became non-executive Chair in 2015 and he was the first to serve in this
role when we launched S&P Global in 2016. As the saying goes,
he was the right person at the right time, and he served all
stakeholders extremely well.
We also welcome our newest Director, Lord Ian Livingston, who was appointed at our September 2020 Board meeting, and we thank Director Marco Alverà for assuming the Chair of the Board’s Finance Committee upon my appointment to Board Chair.
During my 10 years of service on the Board, I have met many of our company’s employees across the globe. They are dedicated and exceptional, and they have our gratitude for producing the “essential intelligence” on which our varied customers depend during this extraordinary time.
Richard E. Thornburgh
Chairman of the Board