S&P Global Re-Wokeifies? Offers Gas Carbon Intensity Measures

In August, MDN brought you the good news that the S&P (Standard & Poor's) credit rating agency, called S&P Global Rating (the largest of the Big Three credit-rating agencies), had dumped its system of numerically ranking corporate borrowers on their ESG risk on a scale of 1 to 5 --- just two years after implementing it (see S&P Global De-Wokeifies – Dumps ESG Scores from Credit Ratings). S&P said the company would rather include information about a company’s ESG (environment, social, governance) efforts in its analytical discussion section and not with a simple numerical value. Smart move. But what's this? Is S&P "re-wokifying" once again? S&P Global Commodity Insights, another division at S&P, announced yesterday it is launching "carbon intensity measures and associated carbon-accounted price assessments" for eight key North American natural gas trading hubs. One of them is in the Marcellus/Utica.

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