At S&P Global's annual meeting, the company faced a shareholder proposal from the Heritage Foundation via its Free Enterprise Initiative, asking the company to report on the risks of the company’s work with activist groups like the Human Rights Campaign. Meanwhile, the company became once again embroiled in controversy over its ESG rating policies while this engagement was going on, underscoring politicization concerns.

As Heritage’s Stefan Padfield told the company at its annual meeting:

Another red flag calling into question the Company’s status quo is a recent letter from a coalition of 23 states questioning the lawfulness of the ESG policies of S&P Global Ratings. This letter was led in part by Nebraska Attorney General Mike Hilgers and raises the specter of undisclosed and unlawful material conflicts of interest, as well as concerns related to antitrust violations and deceptive trade practices – all connected to the Company’s embrace of politically charged ESG. The foregoing list of red flags suggesting biased decision-making at S&P Global should make it difficult for shareholders to trust the status quo. 

Learn more about Heritage's Free Enterprise Initiative here.

At S&amp;P Global's annual meeting, the company faced a shareholder proposal from the Heritage Foundation via its Free Enterprise Initiative, asking the company to report on the risks of the company&rsquo;s work with activist groups like the Human Rights Campaign. Meanwhile, the company became once again embroiled in controversy over its ESG rating policies&nbsp;while this engagement was going on, underscoring politicization concerns.
As Heritage&rsquo;s Stefan Padfield told the company at its annual meeting:
Another red flag calling into question the Company&rsquo;s status quo is a recent letter from a coalition of 23 states questioning the lawfulness of the ESG policies of S&amp;P Global Ratings. This letter was led in part by Nebraska Attorney General Mike Hilgers and raises the specter of undisclosed and unlawful material conflicts of interest, as well as concerns related to antitrust violations and deceptive trade practices &ndash; all connected to the Company&rsquo;s embrace of politically charged ESG. The foregoing list of red flags suggesting biased decision-making at S&amp;P Global should make it difficult for shareholders to trust the status quo.&nbsp;
Learn more about Heritage's Free Enterprise Initiative&nbsp;<a href="https://www.heritage.org/free-enterprise-initiative">here</a>.

Meeting of Minds brings together the top minds in history, theology, finance, economics, language, mathematics and science. Host Jerry Bowyer invites guests to be both intelligent and clear and to follow truth wherever it leads.

Meeting of Minds brings together the top minds in history, theology, finance, economics, language, mathematics and science. Host Jerry Bowyer invites guests to be both intelligent and clear and to follow truth wherever it leads.

Meeting of Minds Podcast

I talk to the smartest people in the world about the wisest people who have ever lived, and I ask them not to dumb it down and not to follow any party line.

I talk to the smartest people in the world about the wisest people who have ever lived, and I ask them not to dumb it down and not to follow any party line.

Meeting of Minds

The Heritage Foundation: Drop Politicization at S&P Global

https://api.omny.fm/orgs/5e27a451-e6e6-4c51-aa03-a7370003783c/clips/467e26fd-411e-4b1d-bd97-b45d00eeb5c2/transcript