Podcasts about s p global

Sharon Van Zeeland, Vice President of Strategy and Corporate Development at Rockwell Automation Sharon brings a unique engineer's perspective to the softest parts of M&A. In this episode, Sharon reveals how Rockwell developed a systematic scoring system for evaluating culture fit during due diligence—complete with numerical rankings across key dimensions like decision-making authority, adaptability, and mission alignment. She also shares unconventional tactics for getting deals across the finish line, from negotiating hunting rights to sponsoring 4th of July parades, and explains why marrying your diligence and integration teams early is the secret to accelerating post-deal value creation. Things You'll Learn How to build a numerical scoring system for culture assessment Why marrying your diligence and integration leaders from day one eliminates knowledge chasms, captures integration costs in your deal model, and helps you reach steady state faster than traditional handoffs Creative negotiation tactics beyond price and terms  ____________________ This episode is brought to you by S&P Global. Today's episode of M&A Science is brought to you by S&P Global Market Intelligence. If you're in corp dev or PE, you know the pain — good private company data is hard to come by. Everyone's still chasing clean, reliable, up-to-date data. I started out using CapIQ Pro for public comps, but didn't realize until recently how deep their private company coverage has gotten. Over 58 million private companies, global reach, and actually usable for real deal work.  This isn't surface-level. You get real metrics — ownership, financials, funding rounds, even asset-level insights. So if you're still toggling between a dozen tools trying to piece together the picture, maybe it's time to stop guessing and start sourcing better.  Learn More Here: https://www.spglobal.com/market-intelligence/en/solutions/products/private-company-data?utm_source=podcast&utm_medium=video&utm_campaign=MAScienceH225  __________________ Buyer-Led M&A™: The Framework is Now Available Traditional M&A is broken. Buyers chase auctions. Sellers control the process. It's reactive, inefficient, and exhausting. After 300+ episodes of M&A Science, I've taken insights from the world's top corp dev leaders and distilled them into a practical framework for taking control of your M&A pipeline—how to source deals directly, build relationships earlier, and stop being auction-chasers. If you'd like to build a proactive M&A program that founders actually want to engage with, you can grab your copy. https://dealroom.net/resources/ebooks/buyer-led-m-a-tm-the-framework _________________ Everything You Need to Learn Modern M&A — In One Membership Access proven templates, frameworks, and real operator insights — all designed to help you learn faster, make smarter decisions, and run Buyer-Led M&A with confidence. Sign up now with promo code "FOUNDER" for 50% off at checkout.  https://www.mascience.com/membership __________________ Episode Chapters [00:02:30] From Engineering to Corp Dev – How Sharon's electrical engineering background shaped her analytical approach to evaluating all deal variables, including the unexpected correlation between employee retention and new product introductions. [00:05:30] Owning the Full Lifecycle – Why Rockwell expanded Sharon's role to include strategy, M&A, integration, and venture investing, creating an enterprise-wide view with quarterly reviews and closed-loop learning. [00:08:30] The Cultural Wake-Up Call – The story of how Rockwell acquired a small software company and nearly derailed a customer's drug development timeline because they missed evaluating decision-making authority during diligence. [00:12:00] Building a Culture Scoring System – How Rockwell uses a 50-item survey to create numerical rankings (0-5 scale) across cultural dimensions, then visualizes gaps and similarities in graphs that are "worth a thousand words." [00:19:00] Integration Playbooks by Company Size – Why Rockwell developed separate playbooks for small, mid-size, and large acquisitions, and how they determine whether to leave companies alone, partially integrate, or fully absorb. [00:27:00] Getting Deals Actionable – Sharon's unconventional negotiation stories: securing hunting land rights for a Texas seller, letting an owner keep his beloved company truck, and guaranteeing 4th of July parade sponsorships. [00:38:30] Marrying Diligence and Integration – The shift from waiting until closing to starting integration planning before LOI, including how Rockwell pairs each integration leader with a corresponding person on the target side. [00:46:00] Continuous Learning Through Retrospectives – How Rockwell conducts retrospectives after every deal phase—not immediately after closing, but six months to a year later when they can truly assess what worked. [00:49:00] AI's Impact on M&A – Sharon's perspective on how AI is changing deal flow and diligence processes, plus a cautionary tale about AI hallucinations incorrectly identifying a public company as private. [00:52:00] Data Beyond Financials – Why corp dev leaders should track employee retention rates, promotion rates, new product introduction velocity, and customer complaints as cultural success indicators. Questions, comments, concerns?Follow Kison Patel for behind-the-scenes insights on modern M&A.

As many parts of the world gear up for the holiday season, we're exploring how companies are innovating to make their products, packaging and shipping more sustainable.  In this episode of the All Things Sustainable podcast, we sit down with a consumer goods company, a company that handles shipping and logistics, and a company responsible for paper and cardboard packaging.  We talk to Kristina Friedman, Head of Sustainability for North America at consumer goods giant Unilever. Kristina explains how the company is embedding sustainability into its business strategy, engaging with consumers and leveraging collaboration within its industry to tackle plastic waste.  We also hear about the importance of collaboration from Heather Loebner, Vice President of Sustainability and ESG for North America at Kuehne+Nagel, one of the world's largest logistics and shipping companies. She outlines how the company is addressing decarbonization challenges.  And to understand sustainable packaging solutions, we speak to Garrett Quinn, Chief Sustainability Officer at paper packaging company Smurfit Westrock. Listen to our previous episode featuring Garrett here.  We conducted these interviews during Climate Week NYC at The Nest Climate Campus, where the All Things Sustainable podcast was an official media partner.  Copyright ©2025 by S&P Global        DISCLAIMER       By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.    Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).     This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement.  The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.   S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 

In this episode of the Look Forward Podcast, host Aries Poon is joined by Thea Fourie from S&P Global's Market Intelligence Division to explore three pivotal trends shaping the global payment landscape in 2026. They delve into the interoperability of domestic payment systems, the rise of BRICS alternatives to international payment frameworks, and the increasing adoption of stablecoins, particularly in emerging and frontier markets. Discover how these trends can enhance financial inclusion, facilitate cross-border payments, and address inflationary pressures. Join us for expert insights that will help you navigate the evolving financial landscape and prepare for tomorrow's opportunities.

Leon Brujis, Partner and Co-Head of U.S. at 65 Equity Partners Leon Brujis shares how his firm is redefining private equity through non-control investments in founder-led businesses. In this conversation, Leon breaks down why the best companies are never for sale, how immigrant adaptability translates to investing success, and why boring, disciplined deal-making consistently outperforms flashy transactions. He also walks through his framework for negotiating term sheets and building relationships that span years before cutting checks north of $200 million. Things You'll Learn Why non-control "partnership capital" allows PE firms to capture the alpha of founder-led companies that outperform by 3x How to structure competitive fundraising processes that balance relationship-building with deal tension—without talking to 60 firms The five-point framework for negotiating term sheets: value, structure, governance, strategy alignment, and exit planning ____________________ This episode is brought to you by S&P Global. Today's episode of M&A Science is brought to you by S&P Global Market Intelligence. If you're in corp dev or PE, you know the pain — good private company data is hard to come by. Everyone's still chasing clean, reliable, up-to-date data. I started out using CapIQ Pro for public comps, but didn't realize until recently how deep their private company coverage has gotten. Over 58 million private companies, global reach, and actually usable for real deal work.  This isn't surface-level. You get real metrics — ownership, financials, funding rounds, even asset-level insights. So if you're still toggling between a dozen tools trying to piece together the picture, maybe it's time to stop guessing and start sourcing better.  Learn More Here: https://www.spglobal.com/market-intelligence/en/solutions/products/private-company-data?utm_source=podcast&utm_medium=video&utm_campaign=MAScienceH225  __________________ Buyer-Led M&A™: The Framework is Now Available Traditional M&A is broken. Buyers chase auctions. Sellers control the process. It's reactive, inefficient, and exhausting. After 300+ episodes of M&A Science, I've taken insights from the world's top corp dev leaders and distilled them into a practical framework for taking control of your M&A pipeline—how to source deals directly, build relationships earlier, and stop being auction-chasers. If you'd like to build a proactive M&A program that founders actually want to engage with, you can grab your copy. https://dealroom.net/resources/ebooks/buyer-led-m-a-tm-the-framework __________________ Everything You Need to Learn Modern M&A — In One Membership Access proven templates, frameworks, and real operator insights — all designed to help you learn faster, make smarter decisions, and run Buyer-Led M&A with confidence. Sign up now with promo code "FOUNDER" for 50% off at checkout.  https://www.mascience.com/membership __________________ Episode Chapters [00:01:00] From Engineering to Wall Street – How Leon's immigrant journey led him from Lehman Brothers to 20+ years in private equity [00:05:30] The Immigrant Advantage – Why cultural adaptability creates flexibility in deal-making and relationship management [00:10:00] The 65 Equity Model – Non-control investments in founder-led businesses generating $20-100M EBITDA [00:16:00] Pull vs. Push Value Creation – Why partnership capital relies on influence, not mandates [00:24:00] Underwriting Relationships First – Spending 1-2 years building conviction before writing $200M+ checks [00:33:00] Crisis of Comfort – Getting comfortable being uncomfortable as the key to growth in business and life [00:43:00] Making M&A Boring – Why consistency and discipline beat motivation and excitement every time [00:48:00] Term Sheet Negotiation Framework – The five buckets that matter: value, structure, governance, strategy, and exit [00:56:30] Running a Competitive Process – How to balance broad outreach with targeted relationship-building [01:01:00] The Craziest Thing in M&A – When deal fever overtakes discipline and creates the next crisis  __________________ Questions, comments, concerns?Follow Kison Patel for behind-the-scenes insights on modern M&A.  

We kick off this episode of the All Things Sustainable podcast with key takeaways from COP30, the annual UN Climate Change Conference of the Parties that ended last week in Belém, Brazil. You can listen to our previous episode about COP30 here.  Today's episode features Emilio Tenuta, the Chief Sustainability Officer at Ecolab, a provider of water, hygiene and infection prevention solutions to businesses around the world. In the interview, Emilio explains the rising focus on water in conversations about climate and nature.   "The climate crisis is really about a water crisis: The way we're going to experience climate is through extreme weather events and droughts, floods and a number of other activities that impact our businesses," Emilio says. "But it's also about water being an enabler to drive your business performance and impact."  Emilio explains how AI can help companies understand future water risks. "Up to now, we've been looking in a rearview mirror on what water stress really means," he says. "Now we're trying to embed AI so we can look predictively."    This interview is the latest installment in our CSO Insights podcast series, where we interview Chief Sustainability Officers around the world and across industries about how they're navigating the changing sustainability landscape. Listen to other episodes in the CSO Insights podcast series:    CSO Insights: Why consumer goods giant P&G wants to reinvent the business case for sustainability  CSO Insights: How auto giant General Motors is driving EV adoption  CSO Insights: Singapore's biggest bank on the 'business imperative' of climate action  CSO Insights: How a big Malaysian bank balances climate, nature, human rights and economic inclusion  CSO Insights: How sustainability pullback is playing out in Southeast Asia  Read coverage of COP30 key takeaways from S&P Global Energy:  COP30 in review: Key outcomes (requires subscription)  COP30: Support for fossil fuel transition roadmap grows despite 'red line' resistance  Register for a Dec. 3, 2025 webinar about COP30 key outcomes: Decoding COP30: Outcomes and the road ahead for climate policy and action  Read nature research from S&P Global: Companies around the world face risks from their reliance on nature   Listen to our podcast episode featuring Water.org co-founder Gary White: Why Water.org CEO says the world's water challenges are 'inherently solvable'  Listen to our podcast episode featuring CDP CEO Sherry Madera: Water, water everywhere in Climate Week NYC conversations  Learn about the Global Carbon Markets Conference  This piece was published by S&P Global Sustainable1 and not by S&P Global Ratings, which is a separately managed division of S&P Global. Copyright ©2025 by S&P Global DISCLAIMER By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights). This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties. S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 

The COP30 climate conference ended without references to fossil fuels after lobbying pressure. Al Gore criticized petrostates for blocking progress and argued the world has reached "Peak Petrostate." Outside the UN process, 24 countries have agreed to coordinate on fossil-fuel phaseout efforts, with Colombia and the Netherlands hosting the first international conference in 2026. An archival look back at Gore's 1992 Earth Summit warnings underscores the longstanding concerns. Support The Clean Energy Show on Patreon for exciting perks! Arkansas has launched its first-ever wind project: a 135 MW installation using 32 U.S.-made turbines. The project delivers significant local benefits, including $950,000 annually to Cross County and over $50 million to landowners over its lifetime. Microsoft has committed to purchasing all generated power under a 20-year agreement. Insurance companies are expanding into climate-risk consulting, offering inspections and adaptation guidance before disasters occur. Zurich Insurance now employs dozens of climate risk engineers, reflecting a growing industry segment. According to S&P Global, the world's 1,200 largest public companies face an estimated $1.2 trillion annually in climate-related physical risk by 2050. Some firms cannot obtain coverage without taking mitigation steps. Tehran Faces Possible Relocation Iran's president warned that Tehran may no longer be viable due to severe ecological strain, including chronic water shortages, sinking land, frequent power cuts, and hazardous air quality. The government has discussed relocating the capital to the Makran coast, though significant financial, infrastructural, and security challenges remain. Lightning Round Electric heavy trucks are expanding rapidly in China, reducing lifetime operating costs by 10–26 percent and contributing to an 11 percent drop in diesel demand.  And more! Contact Us cleanenergyshow@gmail.com or leave us an online voicemail: http://speakpipe.com/clean Support The Clean Energy Show Join the Clean Club on our Patreon Page to receive perks for supporting the podcast and our planet! Our PayPal Donate Page offers one-time or regular donations. Store Visit The Clean Energy Show Store for T-shirts, hats, and more!. Copyright 2025 Sneeze Media.    

Brandon Batt – Chief People and Transformation Officer at Quadient Brandon Batt joins us to discuss how successful M&A integration starts long before you sign an LOI. Brandon shares how Quadient built M&A capability across the organization through strategic hiring, created a transformation office that breaks down traditional silos, and executed portfolio transformation through dozens of acquisitions and divestitures. Learn why the secret to integration success isn't just about playbooks—it's about building M&A muscle into your team from day one. Things You'll Learn Why hiring for M&A experience across your organization creates the foundation for deal success, even in roles that seem unrelated to corporate development The transformation office model that eliminates the handoff problem  Why cultural "add" beats cultural "fit"  ____________________ Share Your M&A Experience for the Chance at $500 Giftcard M&A moved fast in 2025. But what actually changed? We're collecting real insights from practitioners—not consultants on the sidelines—to understand how corp dev teams, PE firms, and advisors are adapting. Takes 10 min. Get early access to results + chance at $500 gift card. Share your experience: https://hubs.ly/Q03Rr89G0 ____________________ This episode is brought to you by S&P Global. Today's episode of M&A Science is brought to you by S&P Global Market Intelligence. If you're in corp dev or PE, you know the pain — good private company data is hard to come by. Everyone's still chasing clean, reliable, up-to-date data. I started out using CapIQ Pro for public comps, but didn't realize until recently how deep their private company coverage has gotten. Over 58 million private companies, global reach, and actually usable for real deal work.  This isn't surface-level. You get real metrics — ownership, financials, funding rounds, even asset-level insights. So if you're still toggling between a dozen tools trying to piece together the picture, maybe it's time to stop guessing and start sourcing better.  Learn More Here: https://www.spglobal.com/market-intelligence/en/solutions/products/private-company-data?utm_source=podcast&utm_medium=video&utm_campaign=MAScienceH225  __________________ Episode Chapters [00:02:30] Building a Transformation Office – How Quadient structured M&A, HR, legal, and sustainability under one umbrella to drive seamless execution [00:05:00] Portfolio Simplification Through M&A – Starting transformation with strategic divestitures before adding new capabilities through acquisitions [00:10:00] The Pre-LOI Integration Planning Model – Why strategic operations teams get involved in due diligence from the beginning, not after the deal is signed [00:16:00] Human Connection as M&A Secret Sauce – Building trust with founders and management teams before discussing price and terms [00:21:00] Hiring for M&A Muscle – Why M&A readiness starts with recruiting people who have transaction experience across key business functions [00:28:00] Evolving M&A Maturity – Getting more formal about talent assessment and playbooks while giving teams autonomy to move fast [00:33:00] Founder-Led Business Challenges – Learning to structure deals and set expectations upfront when acquiring companies led by first-time sellers [00:42:00] Collaboration Without Hierarchy – How "collaborate like crazy" became a cultural principle that breaks down silos in M&A execution [00:47:00] Deal Story: Meeting in London During COVID – Why some deals still require getting on a plane, even during a pandemic [00:51:00] AI in M&A and the Human Element – Balancing technology efficiency with the human intuition that uncovers critical deal insights  __________________ Questions, comments, concerns?Follow Kison Patel for behind-the-scenes insights on modern M&A.

Kia ora,Welcome to Monday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news Q3 is developing better than expected in most parts of the world.But first, this week will be all about Wednesday's RBNZ OCR review, where a-25 bps rate cut is widely expected. That will probably push term deposit rates down, and floating mortgage rates down too. But it is still unclear how it will affect fixed home loan rates. After that, we will get the local consumer and business sentiment updates.In Australia, the key data release this week will be Wednesday's monthly CPI data for October, expected to dip from 3.5% to 3.3%.Elsewhere there will be a lot of data from the US early in the week as they clear the decks with shutdown-delayed data before they go on their four-day Thanksgiving weekend break. Other countries will be releasing GDP and inflation data too.In China, attention will turn to October industrial profits and the official manufacturing and non-manufacturing PMI readings for November. In Japan, markets will focus on October labour and industrial production data. In India, GDP figures are expected to show that the economy grew at a slightly slower pace in July to September 2025, though most analysts still anticipate growth above 7%. The Bank of Korea will review its policy rate too but no change is expected.Over the weekend, China reported that its foreign direct investment inflows were still struggling in October, but they were at least positive in the month. They rose marginally more in the October 2025 month than in the weak October 2024 month. For all of 2025 so far, these flows are still -10% lower that the same period last year.In India, their very strong economic activity expansion eased in November, but only slightly and is still rocketing along at a very fast pace in both their services and factory sectors. But of note here is that price pressures are easing.Japanese exports came in stronger in October than expected, up +3.6% from a year ago when a +1% rise was anticipated. That dovetails into a better than expected 'flash' November factory PMI for Japan - but it isn't yet quite at the expansion level. But their 'flash' services PMI certainly is and it expanded faster in October than expected.And the Bank of Japan is close to raising their policy interest rate above the current 0.5% when they next meet on December 18, 2025. If not then, then in the January meeting.In Europe, ratings agency Moody's has upgraded Italy's sovereign rating one notch to “Baa2” (ie BBB) and revised its outlook from positive to stable. They said Italy's consistent track record of political and policy stability has allowed their first upgrade in 23 yearsIn the US, the S&P Global factory PMI dipped but is still reporting an expansion (51.9). Their services sector expanded faster to a moderate level (55.0), and this was better than expected. Of concern however is that these surveys report input cost inflation accelerated sharply in November, hitting its fastest rate for three years. Of course, tariff-taxes were the predominant reason cited. It may seem unlikely there would be a rate cut on December 11 (NZT) when the Fed next meets, but one important Fed member does still see a cut possibility.Business activity might be expanding, but American consumer sentiment as measured by the University of Michigan survey confirms it is now at record lows. The final November survey reports consumers are very frustrated about the persistence of high prices and weakening incomes. The spoils of expansion and success are accruing to a very few which is building a toxic divide there. Holiday weekend retail sales data will tell us a lot about how most American consumers are feeling about the lead-in to 2026.On the trade front, it appears the much-heralded resumption of soybean purchases by China from the US, isn't happening apart from token trades.The UST 10yr yield is now at 4.06%, down -1 bp from this time Saturday, down -8 bps for the week.The price of gold will start today at US$4064/oz, and down -US$20 from Saturday. But down -US$34 for the week.American oil prices have largely held from Saturday to be just on US$58/bbl, with the international Brent price now just on US$62.50/bbl. These are both down -US$2 for the week.The Kiwi dollar is now at just on 56.1 USc, and unchanged from Saturday but down -70 bps for the week. So far in November it has devalued by -2.3%. Against the Aussie we are holding at 86.9 AUc. Against the euro we are still at 48.8 euro cents. That all means our TWI-5 starts today at just under 60.9, little-changed from Saturday, but down -50 bps for the week.The bitcoin price starts today at US$86,576 and up +2.3% from Saturday. A week ago it was at US$95,780 so it is down -9.9% since then.. Volatility over the past 24 hours has been modest at just on +/- 1.8%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

In this episode of the All Things Sustainable podcast, we're talking to Procter & Gamble's Chief Sustainability Officer, Virginie Helias. The global consumer goods giant has a market capitalization of more than $343 billion and its products include household staples like laundry detergent, diapers, toothpaste and shampoo. Virginie explains how P&G is navigating sustainability challenges, including cutting emissions in its supply chain, current economic and geopolitical headwinds, and changing customer behavior.   "We need to reinvent the business case," Virginie says. "We need to create new tailwinds and the new tailwinds will be, first, innovation that delivers superior value. And for us, that means where sustainability becomes an amplifier of performance."  The interview took place on the sidelines of The Nest Climate Campus, where the All Things Sustainable podcast was an official media partner during Climate Week NYC 2025.  This interview is the latest installment in our CSO Insights podcast series, where we interview CSOs around the world about how they're navigating the changing sustainability landscape. The sustainability space has been through enormous transformation in recent years and CSOs have a front-row seat to this evolution.  Listen to other episodes in the CSO Insights podcast series:   CSO Insights: How auto giant General Motors is driving EV adoption  CSO Insights: Singapore's biggest bank on the 'business imperative' of climate action  CSO Insights: How a big Malaysian bank balances climate, nature, human rights and economic inclusion  CSO Insights: How sustainability pullback is playing out in Southeast Asia Learn about the Global Carbon Markets Conference from S&P Global Commodity Insights taking place in Barcelona shortly after COP30.  This piece was published by S&P Global Sustainable1 and not by S&P Global Ratings, which is a separately managed division of S&P Global.  Copyright ©2025 by S&P Global       DISCLAIMER      By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.      Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).     This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.   S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 

In this episode of the Look Forward Podcast, host Molly Mintz reconnects with the audience as she dives deep into the critical role of data centers in the evolving landscape of artificial intelligence. Joined by experts Kelly Morgan and Brian Partridge from S&P Global's 451 Research, the discussion explores the unprecedented demand for data center capacity fueled by generative AI and its implications for the U.S. economy. As data centers become the backbone of the digital economy, we examine the challenges they face, including energy consumption, sustainability goals, and the pressure on the power grid. Our experts share insights on the investment boom in digital infrastructure, the potential risks associated with capital intensity, and the innovative solutions being explored to meet the growing energy demands." Additionally, we look beyond U.S. borders to understand how regions like the Middle East are positioning themselves as emerging data center hubs. Tune in for a forward-looking conversation that highlights the transformative impact of data centers on global markets and the future of technology.

 Rachel Hindley, Vice President of Corporate Development, IFS  Rachel oversees transformative acquisitions for the global leader in industrial AI and enterprise software. In this episode, Rachel shares how IFS navigates the unique dynamics of having three major private equity backers—EQT, HG, and TA Associates—while executing strategic deals that enhance their portfolio. She breaks down IFS's four acquisition archetypes (product bolt-ons, customer migration, market entry, and new platforms), explains why integration and value creation must be separated, and reveals how the company is adapting its strategy for early-stage AI acquisitions. M&A professionals will learn how to build repeatable frameworks, maintain cultural continuity during integration, and balance stakeholder priorities in complex deal environments. Things you will learn: How to structure M&A around four distinct acquisition archetypes  Why separating systems integration from value creation  How to balance multiple PE stakeholder priorities  ____________________ Share Your M&A Experience for the Chance at $500 Giftcard M&A moved fast in 2025. But what actually changed? We're collecting real insights from practitioners—not consultants on the sidelines—to understand how corp dev teams, PE firms, and advisors are adapting. Takes 10 min. Get early access to results + chance at $500 gift card. Share your experience: https://hubs.ly/Q03Rr89G0 ____________________ Today's episode of the M&A Science Podcast is brought to you by Grata! Grata is the leading private market dealmaking platform. With its best-in-class AI workflows and investment-grade data, Grata helps investors, advisors, and strategic acquirers effortlessly discover, research, and connect with potential targets — all in one sleek, user-friendly interface. Visit grata.com to learn more.  __________________ This episode is brought to you by S&P Global. Today's episode of M&A Science is brought to you by S&P Global Market Intelligence. If you're in corp dev or PE, you know the pain — good private company data is hard to come by. Everyone's still chasing clean, reliable, up-to-date data. I started out using CapIQ Pro for public comps, but didn't realize until recently how deep their private company coverage has gotten. Over 58 million private companies, global reach, and actually usable for real deal work.  This isn't surface-level. You get real metrics — ownership, financials, funding rounds, even asset-level insights. So if you're still toggling between a dozen tools trying to piece together the picture, maybe it's time to stop guessing and start sourcing better.  Learn More Here: https://www.spglobal.com/market-intelligence/en/solutions/products/private-company-data?utm_source=podcast&utm_medium=video&utm_campaign=MAScienceH225  __________________ Episode Chapters [00:02:30] From Tax to Corp Dev – Rachel's unconventional path from PwC tax structuring to leading M&A at a global software company. [00:05:00] Managing Three PE Backers – How IFS leverages deep support from EQT, HG, and TA Associates while navigating different investment horizons and exit expectations. [00:12:30] Four Acquisition Archetypes – Breaking down IFS's strategic framework: product bolt-ons, customer migration, market entry, and new platform deals. [00:18:00] The AI Acquisition Challenge – Why IFS acquired The Loops despite it being smaller and earlier-stage than typical targets, and what it means for their agentic platform. [00:26:00] The Standalone Strategy – How IFS kept Poka as a standalone business to preserve culture and agility while still achieving cross-sell synergies. [00:31:00] In-House Commercial Diligence – Why IFS brings dozens of people into due diligence and keeps most work in-house rather than outsourcing to consultants. [00:37:30] Integration vs. Value Creation – The critical distinction between systems integration and value creation that determines whether deals hit their business case projections. [00:43:00] Cultural Retention Tactics – From MacBooks to Slack, the small decisions that make or break retention of key talent in acquired companies. [00:52:30] Building Trust Before the Deal – Why bilateral deals trump auction processes and how face-to-face relationship building accelerates transaction timelines. [00:59:00] Corporate Venture 2.0 – How fast-moving AI markets are pushing IFS to consider series financing and call options instead of traditional full acquisitions.  __________________ Questions, comments, concerns?Follow Kison Patel for behind-the-scenes insights on modern M&A.

Theo Vorster, medestigter van Galileo Capital, gesels oor S&P Global se opgradering van Suid-Afrika, die land se staatseffekte en die inflasieteiken. Volg RSG Geldsake op Twitter

In this episode of the All Things Sustainable podcast, we're talking to Cassandra Garber, Chief Sustainability Officer of General Motors, one of the world's largest car companies.  The interview is the latest installment in our CSO Insights podcast series, where we interview CSOs around the world about how they're navigating the changing sustainability landscape. The sustainability space has been through enormous transformation in recent years and CSOs have a front-row seat to this evolution.  Transportation is considered one of the hard-to-abate sectors because most forms of transportation burn fossil fuels for energy. In the episode, Cassandra outlines GM's commitment to a zero-emissions, all-electric future and how the company is breaking down barriers to electric vehicle adoption — what she calls the "three Cs" of cost, charging infrastructure, and the perception that EVs are complicated.   "Reducing those tailpipe emissions and focusing on EV adoption makes our business strategy and sustainability strategy incredibly aligned," Cassandra says. "That is by far what we're focused on the most: How are we breaking down the barriers to EV adoption because it's good for business and society."  This interview took place on the sidelines of The Nest Climate Campus, where the All Things Sustainable podcast was an official media partner during Climate Week NYC 2025.  Listen to other episodes in the CSO Insights podcast series:  CSO Insights: Singapore's biggest bank on the 'business imperative' of climate action  CSO Insights: How a big Malaysian bank balances climate, nature, human rights and economic inclusion  CSO Insights: How sustainability pullback is playing out in Southeast Asia  Listen to our episode What to expect from COP30 Learn about the Global Carbon Markets Conference from S&P Global Commodity Insights taking place in Barcelona shortly after COP30. This piece was published by S&P Global Sustainable1 and not by S&P Global Ratings, which is a separately managed division of S&P Global. Copyright ©2025 by S&P Global      DISCLAIMER     By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.      Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).     This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.   S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 

In this episode of the Look Forward Podcast, host Andy Critchlow is joined by Lindsey Hall, Global Head of Thought Leadership at Sustainable One, and Eklavya Gupte, Head of Carbon News Reporting at S&P Global Commodity Insights. Together, they delve into the critical discussions surrounding COP 30, the "Davos of climate change." With the conference taking place in Brazil, the episode explores key themes such as carbon emissions reduction, the balance between economic development and sustainability, and the evolving role of private sector finance in climate adaptation. Tune in to gain insights on the geopolitical landscape, the significance of multilateralism, and the expectations for meaningful outcomes from this pivotal global gathering. For more from Lindsey and Eklavya, please check our their respective podcasts All Things Systainable (Lindsey Hall) Energy Evolution (Eklavya Gupte) Don't forget to subscribe on Spotify, Apple Podcasts, or YouTube for more insightful discussions from S&P Global's Look Forward Podcast!  

Keith Crawford, Global Head of Corporate Development and M&A at State Street Corporation Keith Crawford, Global Head of Corporate Development and M&A at State Street Corporation, brings over 20 years of expertise executing some of the most intricate custody business carve-outs in financial services. In this episode, Keith breaks down the realities of carve-out transactions—from proactive deal sourcing and dependency mapping to navigating TSAs and post-close integration. He shares hard-won lessons on avoiding common pitfalls like scope creep, third-party contract renegotiations, and employee retention challenges that can derail even the most promising deals. Things You'll Learn Why carve-out transactions demand bespoke approaches: No two deals are alike—discover how to identify the 20% of unknowns that templates can't capture and build flexibility into your diligence process. How to source carve-out opportunities proactively: Learn State Street's strategy for targeting custody business carve-outs, including the "why us" narrative and who to approach (hint: not the business unit leader). The integration secrets that prevent deal failure: From embedding integration experts early in diligence to managing employee retention and TSA timelines, Keith reveals how to align synergy assumptions with operational reality. ____________________ Share Your M&A Experience for the Chance at $500 Giftcard M&A moved fast in 2025. But what actually changed? We're collecting real insights from practitioners—not consultants on the sidelines—to understand how corp dev teams, PE firms, and advisors are adapting. Takes 10 min. Get early access to results + chance at $500 gift card. Share your experience: https://hubs.ly/Q03Rr89G0 ____________________ This episode is brought to you by S&P Global. Today's episode of M&A Science is brought to you by S&P Global Market Intelligence. If you're in corp dev or PE, you know the pain — good private company data is hard to come by. Everyone's still chasing clean, reliable, up-to-date data. I started out using CapIQ Pro for public comps, but didn't realize until recently how deep their private company coverage has gotten. Over 58 million private companies, global reach, and actually usable for real deal work.  This isn't surface-level. You get real metrics — ownership, financials, funding rounds, even asset-level insights. So if you're still toggling between a dozen tools trying to piece together the picture, maybe it's time to stop guessing and start sourcing better.  Learn More Here: https://www.spglobal.com/market-intelligence/en/solutions/products/private-company-data?utm_source=podcast&utm_medium=video&utm_campaign=MAScienceH225 _______________ Episode Chapters: [00:03:30] From Accountant to M&A Leader – Keith's journey from audit to becoming a dealmaking general contractor [00:06:00] The General Contractor Mindset – Why successful M&A requires orchestrating expert teams across tax, operations, IT, and risk [00:06:30] The 80/20 Rule of Carve-Outs – Why templates work for most deals but the 20% whitespace requires bespoke analysis [00:10:00] Third-Party Contract Landmines – How change-of-control provisions can blow up your valuation assumptions [00:16:00] Building Strategic Alignment Early – Embedding integration experts into diligence to bridge deal models with operational reality [00:23:00] Proactive Deal Sourcing Strategy – State Street's approach to targeting custody business carve-outs with a clear "why us" narrative [00:35:00] Leveraging Banker Networks Strategically – How mid-tier investment banks often have better contacts for carve-out opportunities [00:48:00] Culture Preservation in Integration – Lessons from the Charles River acquisition on maintaining employee morale and retention [00:52:30] Major Deal Breakers – The two red flags that cause State Street to walk away from carve-out transactions [00:55:00] The Craziest M&A Moment – A hospital room negotiation that almost derailed a major international carve-out ____________________ Questions, comments, concerns?Follow Kison Patel for behind-the-scenes insights on modern M&A.

The United Nations convenes its Climate Change Conference of the Parties in Belém, Brazil Nov. 10-21, and in this episode of the All Things Sustainable podcast we're covering what to expect from COP30.  This annual UN summit convenes world leaders to work together on solutions to tackle climate change, and COP30 is known as the "Implementation COP," which means a focus on turning climate commitments into action. To learn more, we sit down on the sidelines of the PRI in Person conference in São Paulo, Brazil, this week with Marcos Neto. Marcos is Assistant Secretary General at the UN Development Programme (UNDP) and Director of UNDP's Bureau of Policy and Programme Support.   Marcos explains the big themes he's watching heading into COP30 — including the rising focus on adaptation and resilience; the evolving role of insurance in climate conversations; financing needs; and the climate-nature nexus. He also discusses UNDP's work to help countries develop their Nationally Determined Contributions, which are countries' plans for achieving the goals of the Paris Agreement that are updated every five years.    Marcos grew up in Belém, and he says his hometown exemplifies the need to strike a balance between climate goals and economic development.  "Belém is a great symbol of that — because there is poverty, because there are Indigenous peoples, because there are forests ... agriculture, cattle ranchers," he says. "We need to figure out a way to live with all those aspects."   Listen to our podcast interview with Marcos during last year's COP29 conference here: UN official says credibility of climate COPs at stake heading into 2025 | S&P Global  Read more from S&P Global about what to expect from COP30: COP30: Climate governance at a crossroads | S&P Global  Read our latest Road to COP report on the Platts Connect platform (requires log-in): https://plattsconnect.spglobal.com/#platts/previewDocument?id=478c7957-99a9-45de-9382-4c964aa1c023   Learn about the Global Carbon Markets Conference from S&P Global Commodity Insights taking place in Barcelona shortly after COP30.  This piece was published by S&P Global Sustainable1 and not by S&P Global Ratings, which is a separately managed division of S&P Global.  Copyright ©2025 by S&P Global      DISCLAIMER     By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.      Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).      This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.      S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 

In this episode of the Look Forward Podcast from S&P Global, host Andy Critchlow delves into the complex landscape of decarbonizing the aviation sector. Joined by experts Roman Kramarchuk and Ina Clarita from S&P Global Commodity Insights, the discussion highlights the critical challenges of reducing carbon emissions in aviation, including the rising demand for sustainable aviation fuels (SAF) and the high costs associated with their production. Listeners will gain insights into the current state of aviation emissions, the role of various feedstocks, and the fragmented policy environment impacting SAF adoption. The episode also explores the potential of emerging technologies, the importance of global cooperation in setting cohesive policies, and the implications for airlines and consumers as the industry strives for a more sustainable future. Tune in to understand how these factors will shape the aviation sector's transition towards net-zero emissions and what it means for the future of air travel. Don't forget to subscribe on Spotify, Apple Podcasts, or YouTube for more insightful discussions from S&P Global's Look Forward Podcast!

Is green hydrogen a ‘miracle fuel' or an expensive illusion? Can we decarbonize without it? And what happens when hydrogen hype meets hard economics?This week on Cleaning Up, Michael Liebreich debates Erik Rakhou, author of Touching Hydrogen Future, in a no-holds-barred discussion moderated by Andrew Critchlow of S&P Global Commodity Insights.Together, they contest one of the most contentious topics in energy today: hydrogen. Liebreich argues that hydrogen is plagued by physics-driven cost barriers and limited real-world applications, while Rakhou defends its potential as a critical tool for industrial decarbonization, energy resilience, and long-term security.From the potential of green vs. blue hydrogen, to global ammonia trade routes, Europe's pipeline ambitions, and China's hydrogen cost curve, this debate pulls no punches. Topics include:Whether there'll ever be a hydrogen-based economyWhy hydrogen economics remain so challengingThe role of carbon pricing vs. subsidiese-Fuels and hydrogen's place in transport, steel, and aviationWhy electrification trumps hydrogenThis episode was recorded at the S&P Global offices in London and originally broadcast as a S&P Global webinar on October 29, 2025. THanks to S&P Global and Andrew Critchlow for hosting the debate.Leadership Circle:Cleaning Up is supported by the Leadership Circle, and its founding members: Actis, Alcazar Energy, Davidson Kempner, EcoPragma Capital, EDP of Portugal, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation, SDCL and Wärtsilä. For more information on the Leadership Circle, please visit https://www.cleaningup.live. Read more:Erik's website: https://rakhou.comThe EU's hydrogen strategy: https://energy.ec.europa.eu/topics/eus-energy-system/hydrogen_en• Data on EU natural gas prices 2010-2025: https://drive.google.com/file/d/1buQTdpQOMShue-zXyZUYVgZ9dPe5rZ5Y/view?usp=share_linkMichael Liebreich's Keynote Speech at World Hydrogen Congress 2022: https://www.youtube.com/watch?v=Xj900aBPkiYErik's book ‘Touching Hydrogen Futures': https://europeangasmarket.euEuropean Court of Auditors call for a hydrogen reality check: https://www.eca.europa.eu/en/news/NEWS-SR-2024-11Michael's Pragmatic Climate Reset: https://about.bnef.com/insights/clean-energy/liebreich-the-pragmatic-climate-reset-part-i/

Kia ora,Welcome to Thursday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with the good bits of news which seem to dominate today are in fact masking some less-than-good trends nested within them.First up, US ADP employment report on private payrolls for October reported a +42,000 rise in filled jobs, much better than the -29,000 shedding in September and also better than the expected +25,000 gain observers had thought. They also reported that pay growth has been largely flat for more than a year. However the October jobs gains are all concentrated in California and the other two Pacific states. Without their +37,000 gain, things would look rather somber - which is what the rest of the country faces. This survey does not cover public sector employees and of course that is currently very negative given Trump's shutdown.And we should note that this Federal government shutdown is now the longest in US history, and now longer than his first 2018-19 one.And we should also note that oral arguments are being heard in the US Supreme Court's review of the legality of the Trump tariffs. Given the stacked nature of the court, no-one really expects them to rule the Trump actions as 'illegal', but there was a surprising amount of sceptical questioning around the legal basis earlier today.US mortgage applications fell -1.9% last week from the prior week, the fifth decrease in the past six weeks.In a notable contrast to the weak factory sector, the giant American services sector expanded faster in October according to the ISM services PMI. It rose more than expected to its best level since February, putting its September stall behind it. But forward looking sentiment isn't strong, with these firms still contracting workforce levels, and frustration at the level of tariff-taxes they have to bear.Meanwhile, American household debt rose by +US$197 bln in Q3-2025 from the prior quarter to a new record high of almost US$$18.6 tln and up +4.4% from a year earlier. Mortgage balances grew by +US$137 bln and credit card balances rose by US$$24 bln in the quarter. These shifts are being considered 'steady' rather than indicating added riskAcross the Pacific in China, the private S&P Global services PMI has remained modestly expansionary in October, and still better than the official version. The sector continues supported by a faster rise in overall new business, although export sales fell modestly. Meanwhile, 'efficiency' drives led to staffing levels reducing in part due to cost concerns. Despite higher input prices, output charges fell fractionally, while business confidence regarding the year ahead softened.In Europe, Germany reported a rise in factory orders in September from the prior month, however that still leaves than -4.4% lower than year-ago levels. They will be encouraged by the recent uptick, which was better than expected. The new order uptick in the car, electrical and transportation sectors were particularly encouraging.Sweden's central bank kept its policy rate unchanged at 1.75% at its October meeting, as widely anticipated. Tonight the Norwegians will review their 4% rate too, and they aren't expected to make any changes either.The UST 10yr yield is now at 4.15%, up +7 bps from yesterday at this time. The price of gold will start today at US$3982/oz, up +US$14 from this time yesterday.American oil prices are -50 USc lower from yesterday at just under US$60/bbl, with the international Brent price now just under US$64/bbl.The Kiwi dollar is now at just under 56.6 USc, and down -10 bps from yesterday. Against the Aussie we are down -20 bps at 87 AUc. Against the euro we are unchanged at 49.3 euro cents. That all means our TWI-5 starts today at just under 61.3 and only marginally softer from yesterday.The bitcoin price starts today at US$103,811 and recovering +1.1% from this time yesterday. Volatility over the past 24 hours has been moderate at just on +/- 2.2%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

Johanna Jaakola – Integration Lead, Corporate Development Integration Team, Cisco Tesia Hostetler – Leader, Acquisition Integration Practice, Cisco Johanna Jaakola, Integration Lead on Cisco's Corporate Development Integration Team, and Tesia Hostetler, Leader of Cisco's Acquisition Integration Practice, continue their deep dive into Cisco's integration-led M&A framework. In Part 2, they reveal how integration planning shapes diligence, how value drivers guide surgical execution, and what it takes to coordinate a 180-person M&A community. From day one employee experience to go-to-market complexity and the Splunk mega-deal, this episode delivers practical frameworks for M&A professionals looking to accelerate value creation while protecting what matters most. Things you will learn: Learn how Cisco tests integration strategy during diligence and adjusts execution plans based on findings without losing sight of deal thesis Discover how Cisco structures functional integration leaders, maintains alignment through recurring touchpoints, and tracks everything in a centralized M&A hub Understand how to validate customer stories, align partner ecosystems, and make surgical decisions about when to integrate sales motions versus protecting existing revenue engines _____________________ M&A Doesn't Have to Be So Painful

Kia ora,Welcome to Tuesday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with mixed news about how the world's factories are faring.First up today we need to report that the closely watched US ISM factory PMI undershot expectations, and those expectations were for a contraction anyway. Weak new order flows and production levels were behind the dour result. They say almost every component is contracting, and that customers are letting their inventories shrink. Costs and prices are rising however, although at a slower pace. They are being held up by own-goal tariff-taxes.It was a data report that took the wind right out of Wall Street's Monday session.But that is just one view. The alternate S&P Global factory PMI records an expansion in the sector, although it agrees that costs and prices are rising faster than normal. Both surveys noted that employment in the sector has stopped expanding.The Canadian factory PMI, which has been negative all year, seems to have stabilised. To be accurate, it is still contracting, but is back on the cusp of stabilisation, which they haven't had in 2025 so far.Likewise, the overall EU factory PMI is 'stable', neither expanding nor contracting overall. Germany and France are recording small contractions but less than previously, while there are expansions in Spain and the Netherlands. Greece again recorded the strongest expansion among EU members.In China, their factory sector is still expanding, although at a slower pace, according to the S&P Global (RatingDog) private factory PMI. New orders from domestic customers rose, but new export orders fell at their fastest pace since May. The similar official survey had this sector contracting.And the same S&P Global factory PMIs for Taiwan, Korea and Malaysia all contracted, even if only slightly. But this measure for Indonesia turned more positive. In Vietnam the upturn was sharp, hitting a 15 month high.But the S&P Global factory PMI for Australia is sounding a bit more of a warning for October. It recorded its first fall in manufacturing output in four months driven by the fastest retreat in new orders since December 2024. Employment headcounts declined for the first time since February.Staying in Australia, there was more evidence of higher & rising inflation, although this data isn't really sounding warning bells. The Melbourne Institute Monthly Inflation Gauge recorded an increase in monthly inflation for October, primarily influenced by higher recreation and housing related prices. The monthly cost of living also rose. Annual headline inflation as recorded by the Inflation Gauge is slightly above the top-end of the RBA's 2-3% target band.Australia also released September residential building consent data today and it jumped +12% from August, up +15% from September a year ago. This activity has been particularly volatile over the past few months, so the September surge is actually more just a recovery rather than a serious push higher. Much of their recent gains are for townhouses and apartments. The most impressive gains are in Victoria where a real resurgence seems to be underway (despite the ugly union-mafia (CFMEU) control of their building trades).Job ads fell -2.2% in October from September in the ANZ-Indeed tracking, following a revised -3.5% drop in the previous month. This marked the fourth straight monthly decline, reinforcing signs of a loosening labour market despite elevated inflation.So it will be no surprise to know that household spending in Australia is rising only at about the rate of [household] inflation.And it will be inflation's rise that will be at the heart of what analysts will be looking at in this afternoon's RBA rate review. Markets don't expect any change in the 3.6% cash rate target, but they do want to see how the central bank plans to tackle the resurgent inflation threat.Globally, we should note that the twelve member CPTPP is about to grow again. Costa Rica is in the final stages of joining. And now the Philippines and the UAE have applied, which will take this group up to fifteen members. It seems multilateralism is far from dead, even a group like this with relatively high labour and environmental standards. In the background there are always rumours that China wishes to join too, although that never materialises. They prefer their own captive 15-country RCEP and its lower standards. Seven countries are members of both, including Australia and New ZealandThe UST 10yr yield is now at 4.11%, up +1 bps from yesterday at this time.The price of gold will start today at US$4007/oz, up +US$6 from this time yesterday.American oil prices are +50 USc firmer from yesterday at just under US$61.50/bbl, with the international Brent price now just over US$65/bbl.The Kiwi dollar is now at just under 57.1 USc, and down almost -20 bps from yesterday. Against the Aussie we are down more than -10 bps at 87.3 AUc. Against the euro we are also down -20 bps at 49.5 euro cents. That all means our TWI-5 starts today at just under 61.7 and down -10 bps from yesterday.The bitcoin price starts today at US$106,767 and down a full -3.0% from this time yesterday. Volatility over the past 24 hours has been moderate at just on +/- 2.4%.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

In this episode of the All Things Sustainable podcast, we explore why adaptation and resilience are taking center stage in climate conversations ahead of COP30, the UN's upcoming climate change conference.   We talk to Jeff Gitterman, CEO of Gitterman Asset Management and partner at Gitterman Wealth Management. He explains why adaptation was a big focus during Climate Week NYC in 2025, and where he sees future opportunities to invest in resilience and sustainable infrastructure.    "Every room I was in, everywhere I went around the city, there was a focus around adaptation and resilience like I've never seen before," Jeff tells us.  We also sit down with Alan Brookes, the Chairman and CEO of sustainable design, engineering and consulting firm Arcadis. He explains how the firm's projects worldwide build resilience to climate change while also accounting for the needs of communities and incorporating nature-based solutions — for example, building parks that also provide flood and storm protection.   "Cities need to be more innovative in their approaches," Alan says. "Otherwise, you're just going to build walls around every city, which is not what people want to see."   We conducted these interviews during Climate Week NYC at The Nest Climate Campus, where the All Things Sustainable podcast was an official media partner.   Read S&P Global's key takeaways from Climate Week NYC: 5 Climate Week NYC takeaways setting the scene for decision-making in 2026 | S&P Global  Listen to our interview with CDP CEO Sherry Madera: Water, water everywhere in Climate Week NYC conversations | S&P Global  Read a report from S&P Global Commodity Insights about what to expect from COP30: COP30: Climate governance at a crossroads | S&P Global  This piece was published by S&P Global Sustainable1 and not by S&P Global Ratings, which is a separately managed division of S&P Global.    Copyright ©2025 by S&P Global      DISCLAIMER     By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.      Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).      This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.      S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.

This episode of the All Things Sustainable podcast explores the rapidly changing global landscape for the energy transition and how factors like geopolitical tensions, AI and government policies are driving change ahead of COP30, the UN's upcoming Climate Change Conference of the parties.   We examine these dynamics through the lens of the world's two most populous countries: India and China.   We talk with Carlos Pascual, Senior Vice President and Head of Geopolitics and International Affairs at S&P Global Commodity Insights and a former US Ambassador to Mexico and Ukraine. He outlines the complexities of US-China relations, including the competition for technological dominance and energy resources.  "In many ways, China has developed a degree of technology expertise that is having an impact on this relationship in ways that have not been expected," Carlos says.  To understand how India is navigating these dynamics, we talk with Vaishali Nigam Sinha, Co-Founder and Chairperson of Sustainability at ReNew, a decarbonization solutions company deploying renewables and other low-carbon technologies in India. She highlights the importance of international collaboration for accessing technology, critical minerals and financing for renewable projects.  "This clean energy transition is not about individual countries," Vaishali says. "It's about what all of us can do together.”  Vaishali also emphasizes the importance of engaging local communities in the energy transition to ensure that they are equipped with the necessary skills and knowledge to participate.  We sat down with Carlos and Vaishali on the sidelines of The Nest Climate Campus, where the All Things Sustainable podcast was an official media partner during Climate Week NYC.  Listen to our interview with the CEO of the World Business Council for Sustainable Development, or WBCSD: Kicking off Climate Week NYC in a fragmented global landscape  Read S&P Global's key takeaways from Climate Week NYC: 5 Climate Week NYC takeaways setting the scene for decision-making in 2026 | S&P Global  Read the latest energy and climate scenarios from S&P Global Commodity Insights: Beyond the Energy Transition | S&P Global  This piece was published by S&P Global Sustainable1 and not by S&P Global Ratings, which is a separately managed division of S&P Global.   Copyright ©2025 by S&P Global      DISCLAIMER     By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.      Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).      This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.      S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.

The enthusiasm for AI has been impressive and it's leading to the inevitable questions about whether or not all of it is warranted. Melissa Otto CFA, head of S&P Global's Visible Alpha research team, returns to discuss concerns about an AI bubble with host Eric Hanselman. Defining what actually indicates a bubble might be the trickiest aspect of the question. Is it outsized levels of debt? Unrealistic valuations? Both debt and valuations are high, but are they unreasonably so? So much depends on seeing what AI capabilities can deliver and we're still in the early days of understanding what ROI really is. There are still challenges in getting the domain approaches right. Doing real analytical work is more challenging and there is still more work to do in integrating with business processes.  And it's not just the technical aspects that are in play. It's possible that macroeconomic restraints are holding back even more enthusiastic spending that could create a bubble. Current interest rates create caution in taking on additional debt. It's also possible that rate cuts could unleash more risk taking and overextension through debt. That might be an indicator of a looming bubble. Or maybe not… More S&P Global Content: Datacenter & Energy Innovation Summit 2025 Otto: Markets are grappling with how to price AI-related stocks   Netflix earnings preview: Q3 2025 Next in Tech podcast, Episode 239: AI Infrastructure Next in Tech podcast, Episode 221: Datacenter slowdown? For S&P Global Subscribers: Shifting AI exits Venture capital outlook: Investments surge as exits lag Hyperscaler earnings quarterly: AWS, Azure and Google Cloud capex projections trend still higher Tech Trend in Focus: GPUaaS market momentum Credits: Host/Author: Eric Hanselman Guest: Melissa Otto, CFA Producer/Editor: Feranmi Adeoshun Published With Assistance From: Sophie Carr, Kyra Smith

One of our key takeaways from Climate Week NYC in 2025 was that the insurance industry is taking a more central role in conversations about climate risk.    As climate change causes more frequent and severe extreme weather events, some insurers are increasing premiums or pulling out of certain regions, with implications for policy and the financial markets.   To learn more about the changing landscape for insurance, we sat down on the sidelines of Climate Week NYC with Martin Powell, Group Sustainability Director at global insurance and asset management group AXA.   “A 2-degree world is still insurable, but it's going to be unaffordable for many, many people,” Martin says. "As we head towards that sort of temperature increase, our job is to try and predict and assess what that's going to mean for society in five years' time and do what we can today to reduce those impacts.”  The urgency is growing to adopt new strategies and practices to assess these climate-related risks, and we heard at Climate Week NYC why this is particularly true in the US homeowners insurance market.   Heather Zichal, the Global Head of Sustainability at JPMorganChase, says the future of homeowners insurance is “very much front and center” for the largest bank in the US.   "Whether you're worried in the state of Florida about sea-level rise, or you are in California and you're worried about wildfires, there's a very healthy recognition that we are going to collectively need new products, services, and policies to help meet that moment,” Heather says.  We also speak to Kingsley Greenland, Head of Strategic Partnerships and Corporate Development at Verisk, a company that works with the global insurance industry to provide data and analytics. He points to the difference between big banks and their smaller peers when it comes to assessing climate risk.  "The largest banks...in a way, they also have the least risk because they're globally diversified and can take the hit,” he says. “It seems to me like it's these really small banks, your credit unions, your small community bankers that retain a lot of this risk and don't have now — nor can we expect them to — really have this full suite of climate risk analytics in their portfolio that would trickle down to their investment decisions.”  Read S&P Global's key takeaways from Climate Week NYC: 5 Climate Week NYC takeaways setting the scene for decision-making in 2026 | S&P Global  Read an S&P Global Market Intelligence analysis of  US insurance rate and rule product filings: At London Climate Week, a bold call for insurers to tackle climate risks | S&P Global  Listen to the full interview with Heather Zichal: How the biggest bank in the US is approaching climate risk | S&P Global  Learn more about S&P Global Sustainable1's Physical Climate Risk data.  This piece was published by S&P Global Sustainable1 and not by S&P Global Ratings, which is a separately managed division of S&P Global.   Copyright ©2025 by S&P Global      DISCLAIMER     By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.      Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).      This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.      S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.

In this episode of IR in Focus, host Carmen Lilly dives deep into the dynamic world of investor activism with expert John Karageorge, Executive Director at S&P Global who leads our Activist Defense Surveillance Group. Together, they explore the evolving landscape of activist campaigns, discussing trends, strategies for engagement, and the importance of proactive shareholder communication. John shares valuable insights on how companies can prepare for potential activist pressures and the collaborative approaches that are reshaping the activism playbook. Tune in for a comprehensive look at how corporations can navigate the complexities of investor activism in today's market.

Are altcoins finally safe to buy again? With the S&P Global partnership spotlighting Chainlink, confidence is returning to the crypto market in a big way.

It's World Space Week and in this episode of the All Things Sustainable podcast, we're looking at sustainability on the final frontier in an interview with Spire Global CEO Theresa Condor. Spire Global uses satellites the size of wine bottles to collect data in space that helps solve problems on Earth, ranging from climate to weather forecasting to global security. Theresa says use cases for the company's technology are expanding rapidly as satellite technology advances “at an exponential pace.” "We're seeing something like 10x improvements in technology every five years,” she says. This rapid growth means the need for good governance and sustainability strategies is rising. Spire Global is a member of the Sustainable Markets Initiative (SMI) and Theresa explains how the group is focused on sustainability in space through its Astra Carta initiative, which aims to shape a future of responsible and sustainable space exploration, development and cooperation. “People are trying to figure out what is the right level of regulation that continues to protect the space environment,” she says, while also allowing innovation to flourish. This episode is the latest in our Terra Carta Series of the All Things Sustainable podcast in collaboration with the SMI. The SMI is a network of over 250 global CEOs across finance and industry, including S&P Global. SMI facilitates private sector diplomacy with the ambition of making sustainability the driving force of global markets and value creation. Throughout 2025, we're interviewing SMI member CEOs from around the world and across industries about how they're approaching sustainability challenges and opportunities. Listen to all the episodes in the Terra Carta Series of the All Things Sustainable podcast: Terra Carta Series | S&P Global  This piece was published by S&P Global Sustainable1 and not by S&P Global Ratings, which is a separately managed division of S&P Global.  Copyright ©2025 by S&P Global  DISCLAIMER    By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.  Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights). This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.      S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 

In this exciting episode of the Look Forward Podcast, host Andy Critchlow welcomes S&P Global's own Srineel Jalagani, who is at the forefront of exploring the burgeoning space economy. Tune in to hear about the potential for human colonization of Mars, the role of private companies like SpaceX, and the future of the space economy, projected to soar from $650 billion to $1.8 trillion by 2035. This episode is a must-listen for anyone curious about the intersection of finance, technology, and space exploration.

While 2025's energy headlines have focused on trade wars and geopolitical turmoil, the market for International Renewable Energy Certificates (I-RECs) has seen a dramatic surge in demand, signaling a fundamental shift in corporate sustainability strategies. In this episode, host Eklavya Gupte sits down with Vittoria Morini, global I-RECs lead at S&P Global, and Fatemeh Zahedi, senior price reporter, to discuss some of the big trends behind the recent expansion of this voluntary market. The conversation also explores seasonal price dynamics, the growing appetite in emerging economies, and how supply chain issues and 24/7 carbon-free energy matching could define the future of clean energy procurement. Links: I-REC Turkey Wind Current Year ATKYE00 I-REC Brazil Hydro Current Year ACERH00

While 2025's energy headlines have focused on trade wars and geopolitical turmoil, the market for International Renewable Energy Certificates (I-RECs) has seen a dramatic surge in demand, signaling a fundamental shift in corporate sustainability strategies. In this episode, host Eklavya Gupte sits down with Vittoria Morini, global I-RECs lead at S&P Global, and Fatemeh Zahedi, senior price reporter, to discuss some of the big trends behind the recent expansion of this voluntary market. The conversation also explores seasonal price dynamics, the growing appetite in emerging economies, and how supply chain issues and 24/7 carbon-free energy matching could define the future of clean energy procurement. Links: I-REC Turkey Wind Current Year ATKYE00 I-REC Brazil Hydro Current Year ACERH00

Last week the All Things Sustainable podcast was on the ground in New York City bringing you daily episodes from Climate Week NYC. The week included more than 1,000 events and convened an estimated 100,000 attendees from the private sector, governments, nonprofits and the broader climate community.   To understand how financial institutions are showing up in these climate conversations, we sat down with Heather Zichal. Heather is Global Head of Sustainability at the largest bank in the US, JPMorganChase, and she shares her Climate Week key takeaways. She explains why adaptation and resilience are a growing area of focus, and how this is impacting conversations around insurance. She talks about the rising role of AI in climate and energy transition discussions. And she tells us how the landscape for climate and sustainability is shifting heading into 2026.   “There's a very healthy dose of pragmatism that has been layered into the conversations,” Heather tells us.   This conversation took place at The Nest Climate Campus, where the All Things Sustainable podcast was an official media partner during Climate Week NYC. Listen to all our coverage here: All Things Sustainable | S&P Global  Subscribe to The Sustainability Weekly newsletter from S&P Global.   Listen to our interview with Dr. Sarah Kapnick here: How NOAA is working to turn climate science into action | S&P Global  This piece was published by S&P Global Sustainable1 and not by S&P Global Ratings, which is a separately managed division of S&P Global.   Copyright ©2025 by S&P Global      DISCLAIMER     By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.      Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).      This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.      S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.

Managing the capabilities of an organization's workforce is challenging in the best of times, but the current upheaval created by AI technologies entering the workplace makes it all the more complex. The technologies that have put to work around this problem are many and varied and analyst Ethan Ray joins host Eric Hanselman to look at where we've come from and where we could be headed. There's a rush to determine if new technologies are making workers more productive and what skills are needed to leverage them. Both a recent S&P Global study and the HR Tech conference showed some trends that could be transforming working environments. Workforce intelligence approaches are looking to build a wholistic picture of knowledge, skills and ability of employees and then do skills matching and development planning.   As in other technology disciplines, a proliferation of tools has made many organizations' efforts at workforce management complicated. It's another place where many are considering integrated platforms that that can bring together HR, IT and financial teams to better understand the use of tools and resulting productivity. There are questions about what we can and what we should measure to truly understand efficiency and effectiveness. How can we understand what combination of skills and tools are generating the best financial outcomes? Better technology should hold the answer, but the path forward is not always clear.   More S&P Global Content: AI upskilling: Navigating the urgent need for workforce transformation   For S&P Global subscribers: Take 5: AI shakes up HR Workday strengthens standing in AI-driven frontline recruitment space with Paradox buy HR teams see AI as vital but face adoption barriers – Highlights from VotE: Workforce Pro… AI holds potential for workplace transformation, but employee concerns must be addressed – Highligh… MIT Manufacturing Day headlined by circular economy, workforce skills and modularity   Credits: Host/Author: Eric Hanselman  Guest: Ethan Ray Producer/Editor: Feranmi Adeoshun Published With Assistance From: Sophie Carr, Kyra Smith

At Climate Week NYC, we sit down on the sidelines with Daniela Raik, the newly appointed Interim CEO at Conservation International. Conservation International is a nonprofit that partners with governments, companies, civil society, Indigenous peoples and local communities to help people and nature thrive together. In our conversation, Daniela explains why nature was a big focus at Climate Week NYC in 2025, which coincided with the ratification of a historic UN treaty to safeguard marine biodiversity on the high seas.  Daniela said Climate Week NYC brought to the fore the importance of financing conservation and mainstreaming the business value of nature.  “I'm really sensing that this week: New ideas about how do we finance conservation, how do we mainstream the value that nature brings into business," Daniela tells us. “I'm hearing that not only from business leaders, but from government leaders as well." Daniela says this focus on nature will carry through to the UN's COP30 Climate Change Conference in Belém, Brazil, this November. "This is the Amazonian COP. Belém is a city in the heart of the Amazon, and so Brazil is really prioritizing the role that nature, and forests in particular, can and must play as a climate solution," she says. Listen to all our coverage from Climate Week NYC 2025:    Kicking off Climate Week NYC in a fragmented global landscape | S&P Global Climate Week, meet Fashion Week Water, water everywhere in Climate Week NYC conversations    Climate Group CEO talks momentum in the face of obstacles  As part of a multi-year philanthropic grants program launched in 2024 by the S&P Global Foundation, Conservation International is a Signature Grant Partner in the focus area of creating environmental resilience and will receive $2.5 million over five years.  This piece was published by S&P Global Sustainable1 and not by S&P Global Ratings, which is a separately managed division of S&P Global.    Copyright ©2025 by S&P Global      DISCLAIMER   By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).     This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.    

In today's special episode of the All Things Sustainable podcast, we sit down on the sidelines of Climate Week NYC for an interview with CDP CEO Sherry Madera.   CDP is a global nonprofit that runs an independent environmental disclosure system for companies, capital markets, cities, states and regions to manage their environmental impacts.  Sherry says that at Climate Week NYC this year, water is front and center in many conversations, especially as companies build water-intensive data centers to address growing AI demand.  “There has been a 100% increase in the interest and demand and the requests for data on biodiversity and on water in particular,” she says.  Listen to our coverage from Climate Week NYC 2025 here: Kicking off Climate Week NYC in a fragmented global landscape | S&P Global  And here: Climate Week, meet Fashion Week  Listen to our 2024 interview with Sherry here: CDP CEO talks climate, nature and the future of sustainability disclosure | S&P Global  Learn more about S&P Global Sustainable1's Nature & Biodiversity dataset here.  We'll be back with podcast interviews from Climate Week NYC throughout the week — including our coverage from The Nest Climate Campus, where the All Things Sustainable podcast is an official media partner. You can register free to attend here.     This piece was published by S&P Global Sustainable1 and not by S&P Global Ratings, which is a separately managed division of S&P Global.    Copyright ©2025 by S&P Global     DISCLAIMER     By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.     Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).     This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.     S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 

In today's special episode of the All Things Sustainable podcast, we sit down on the sidelines of Climate Week NYC for an interview with Climate Group CEO Helen Clarkson.  Climate Group is the nonprofit that organizes Climate Week NYC in coordination with the UN General Assembly and the City of New York. Helen points to momentum at Climate Week in 2025, with more than 1,000 events taking place across the city compared to 900 the previous year. “We're seeing companies continuing to move forward,” Helen says. “A lot of these are global businesses ... so what's happening in the US is a part of that, but it's not the whole story.”  Helen says that Climate Week discussions this year are focusing more on practical solutions and the “nitty-gritty” of implementation. And she highlights the need for collective action and collaboration to effectively address climate change.   “For the systemic shift we need in order to solve this, we need to start to see sectors coming together,” Helen tells us. Listen to our coverage from Climate Week NYC 2025:   Kicking off Climate Week NYC in a fragmented global landscape | S&P Global  Climate Week, meet Fashion Week  Water, water everywhere in Climate Week NYC conversations   We'll be back with podcast interviews from Climate Week NYC throughout the week — including our coverage from The Nest Climate Campus, where the All Things Sustainable podcast is an official media partner.   This piece was published by S&P Global Sustainable1 and not by S&P Global Ratings, which is a separately managed division of S&P Global.    Copyright ©2025 by S&P Global       DISCLAIMER     By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).  This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.  S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.   

Climate Week NYC kicked off just days after New York Fashion Week wrapped. In today's special Climate Week NYC episode of the All Things Sustainable podcast, we're exploring the intersection of sustainability and fashion in an interview with Peter Majeranowski, CEO and Co-Founder of circular fashion startup Circ.   Circ's investors include big brands like Patagonia and the parent company of Zara, as well as Breakthrough Energy Ventures, the investment firm founded by Bill Gates. Circ was also a finalist for the Earthshot Prize, which each year awards £1 million to five winners for their environmental solutions.  The apparel sector is a significant source of global emissions, and Peter explains how Circ promotes circularity by recycling clothing. He says that a lot of the technical challenges around recycling have been solved, and unlocking financing is the challenge that keeps him awake at night.   “For the bankers to get involved, they want to see long-term commitments from the brands, and that's a muscle that just does not exist in this industry,” he says. “That's the biggest challenge.”  Listen to our coverage from Climate Week NYC here: Kicking off Climate Week NYC in a fragmented global landscape | S&P Global  We'll be back with podcast interviews from Climate Week NYC throughout the week — including our coverage from The Nest Climate Campus, where the All Things Sustainable podcast is an official media partner. You can register free to attend here.     And you can learn more about the event S&P Global is hosting at Climate Week NYC here: Climate Week NYC | S&P Global  Learn more about S&P Global Sustainable1's physical climate risk dataset here.   This piece was published by S&P Global Sustainable1 and not by S&P Global Ratings, which is a separately managed division of S&P Global.    Copyright ©2025 by S&P Global      DISCLAIMER     By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. 

Climate Week NYC 2025 is under way, and we're kicking off our special podcast coverage speaking to Peter Bakker, CEO of the World Business Council for Sustainable Development.   WBCSD is a global network of more than 250 companies focused on integrating climate, nature and equity action into corporate strategies, operating plans and decision-making. WBCSD is celebrating its 30th anniversary at Climate Week NYC in 2025, at a time when many US companies are reevaluating their approach to sustainability. "Clearly in North America at the moment, the conversation has to be an economic conversation: What is the business case? Why do investments in this space make sense?" Peter says.   These discussions very look different in other parts of the world, and Peter says the upcoming UN Climate Change Conference of the Parties known as COP30 will be the "true test" of whether multilateralism can help advance global climate solutions, or whether the world takes an increasingly fragmented, regional approach.   Regardless, he says corporate boards need to understand the physical risks in their supply chains and pursue both adaptation and mitigation strategies.   "This is not a midcentury issue — this is in the next five to 10 years," Peter says. "That will lead to much more focus on resilience and adaptation. However, the reality is there is no adaptation plan for a 3-degree world ... That means it remains of the highest priority to continue to put pressure on emission reductions."  We'll be back with podcast interviews from Climate Week NYC throughout the week — including our coverage from The Nest Climate Campus, where the All Things Sustainable podcast is an official media partner. You can register free to attend here.    And you can learn more about the event S&P Global is hosting at Climate Week NYC here: Climate Week NYC | S&P Global  Learn more about S&P Global Sustainable1's physical climate risk dataset here.  This piece was published by S&P Global Sustainable1 and not by S&P Global Ratings, which is a separately managed division of S&P Global.     Copyright ©2025 by S&P Global      DISCLAIMER     By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.      Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).      This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.      S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 

In this episode of the All Things Sustainable podcast, we're unpacking the role the legal industry plays in driving sustainability and energy transition strategies in an interview with Shane Gleghorn, the head of global law firm Taylor Wessing.  The law firm is a member of the Sustainable Markets Initiative (SMI), and this episode is the latest in our Terra Carta Series of the All Things Sustainable podcast in collaboration with the SMI. The SMI is a network of over 250 global CEOs across finance and industry, including S&P Global. SMI facilitates private sector diplomacy with the ambition of making sustainability the driving force of global markets and value creation. Throughout 2025, we're interviewing SMI member CEOs from around the world and across industries about how they're approaching sustainability challenges and opportunities.   In the episode, Shane explains how the legal industry works with clients on sustainability goals and how policy and regulation can drive sustainable financing and investment.  “In many respects, the greatest agency that the legal services firms have is to work with their clients to assist them with their transition process,” Shane says. “To give you an example, at least 50% of our clients have net-zero targets, and we're working with them to achieve those."  Listen to previous episodes in the Terra Carta Series here: Terra Carta Series | S&P Global  Read research from S&P Global Sustainable on the European Commission's Omnibus Simplification Package here.   Listen to our episode on proposals to simplify the EU's sustainable finance reporting framework here.   You can learn more about the event S&P Global will host at Climate Week NYC on Wednesday, Sept. 24, here: Climate Week NYC | S&P Global  The All Things Sustainable podcast from S&P Global will be an official media partner of The Nest Climate Campus during Climate Week NYC. Register free to attend here.  This piece was published by S&P Global Sustainable1 and not by S&P Global Ratings, which is a separately managed division of S&P Global.     Copyright ©2025 by S&P Global   DISCLAIMER     By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.  Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).      This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.      S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 

This week's guest is Ari Ashe, Senior editor of the Journal of Commerce which is part of S&P Global.  Ari explains the ins and outs of the proposed, and potentially transformational, merger between the Union Pacific (UP) and the Norfolk Southern (NS) railroads.  This deal would create the first transcontinental railroad across the United States. Our conversation delves into what is driving the merger, what's at stake, and the potential benefits for carload customers by addressing messy interchanges in key hubs like Chicago and Memphis. Ari also discusses the timeline for approval, the motivations behind UP's pursuit of this historic deal, and the “Christmas Wish Lists” of concessions that opposing parties, such as other railroads, shippers, and unions, will be assembling.  And as required in all podcasts, we talk a little bit about AI - using it as an example of where technology adoption can be used to improve effectiveness vs. efficiency.   Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of the Look Forward Podcast, host Andy Critchlow, head of news at S&P Global Commodity Insights, delves into the dynamic and resilient market of India. As the global geopolitical landscape shifts, India emerges as a pivotal player in the next chapter of global growth. Joined by an expert panel including Gauri Jauhar, Deepa Kumar, and Atul Arya from S&P Global, the discussion unpacks the forthcoming India Forward report, which offers insights into India's outlook for 2025 and beyond.

Everyone from energy executives to traders on Wall Street to policymakers across the US depend on accurate, timely information about energy production, consumption, and trends. At the heart of this critical infrastructure sits the US Energy Information Administration (EIA). Daniel Yergin, vice chairman of S&P Global, has called EIA's data the “gold standard.” But while the amount and complexity of energy data is growing, federal support for ensuring robust energy data collection is waning. The agency underwent substantial staffing cuts this spring — part of the Department of Government Efficiency's reductions. After the EIA's most recent Annual Energy Outlook forecast the growth of renewables, the Department of Energy criticized the findings.  So how vulnerable is the agency to losing more support from the administration? What's at stake if EIA cannot retain or recruit people with expertise in not only traditional energy but emerging fields, like critical minerals? And who else stands to lose if the agency that provides national energy data collection and objective analysis falters?  This week, Bill Loveless speaks to former EIA Administrator Adam Sieminski about the state of play at the EIA and what is at risk if support for the agency continues to erode.  Adam is a senior advisor to the board at KAPSARC, a non-profit energy, economics, and sustainability think tank in Saudi Arabia, where he earlier served as president. He was the administrator of the EIA from 2012 to 2017. Prior to joining the government, Adam spent years as Deutsche Bank's chief energy economist and integrated oil company analyst.  Credits: Hosted by Jason Bordoff and Bill Loveless. Produced by Mary Catherine O'Connor, Caroline Pitman, and Kyu Lee. Engineering by Gregory Vilfranc.  

There's just over one week until Climate Week NYC begins Sept. 21, and we're diving into what to expect from the conference in a volatile year for climate action in the US.   The week includes more than 900 events across the city hosted by a range of organizations — including The Nest Climate Campus, where the All Things Sustainable podcast will again be an official media partner. Register free to attend here.    In today's episode, we're talking with Britton Jones, Founder and CEO of The Nest Climate Campus. He discusses topics that will be in focus during Climate Week NYC and how the climate landscape has evolved this year.  "There's a real emphasis on substance coming into Climate Week 2025,” Britton says.  Launched in 2009, Climate Week NYC convenes business leaders at the same time that government leaders and NGOs are in New York City for UN General Assembly meetings. This means many decisionmakers from the public and private sectors are in town at a key moment, just two months before the UN's annual Climate Change Conference of the Parties, known as COP. This year, COP30 will take place in Brazil Nov. 10-21.  You can learn more about the event S&P Global will host at Climate Week NYC on Wednesday, Sept. 24, here: Climate Week NYC | S&P Global  Check out cohost Lindsey Hall's appearance on the Look Forward podcast from S&P Global: Look Forward | Episode 8: Confronting Climate Challenges | S&P Global  And listen to our interview with the CEO of two major investor networks in Asia-Pacific representing trillions of dollars of assets under management globally — the Asia Investor Group on Climate Change (AIGCC) and the Investor Group on Climate Change (IGCC): CEO of major Asia-Pacific investor networks: ‘Climate risk is investment risk' | S&P Global  This piece was published by S&P Global Sustainable1 and not by S&P Global Ratings, which is a separately managed division of S&P Global.     Copyright ©2025 by S&P Global    DISCLAIMER    By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.    Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).   This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL.   S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.       S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.  

How is AI really reshaping freight brokerages, and what's the reality behind all the hype? Today, we have S&P Global's Eric Johnson back on the show to discuss the latest trends in AI and freight tech! We dive into how major companies are approaching AI differently, why 95% of enterprise AI projects show no ROI yet, the gap between marketing promises and actual performance, our insight on training large language models, balancing automation with human skills, and creative problem-solving!   About Eric Johnson Eric Johnson is the Journal of Commerce's Senior Editor, Technology, where he leads coverage and analysis of technology's impact on global logistics and trade. Johnson regularly reports on how shippers, carriers across all modes, and logistics companies use software, as well as new concepts impacting core freight transportation processes like procurement, execution, visibility, and payment. Johnson is a regular presenter and moderator at industry events and webinars. Prior to joining the Journal of Commerce in May 2018, Johnson spent 13 years with American Shipper in a variety of roles, most recently covering logistics technology and leading the production of a series of benchmark studies on the logistics industry. Johnson has a bachelor's in journalism from the University of Wisconsin and a master's in international business from the University of Leeds, UK. He has lived and worked in Southern California, the UK, and India, and now resides in the Washington, DC, area.   Connect with Eric LinkedIn: https://www.linkedin.com/in/ejohnson3242/  X (Twitter): https://x.com/LogTechEric  Inland25 Registration: https://inland.joc.com/en/register  

In this episode of the All Things Sustainable podcast we're talking with Rebecca Mikula-Wright, CEO of the Asia Investor Group on Climate Change (AIGCC) and the Investor Group on Climate Change (IGCC). The networks represent trillions of dollars of assets under management globally. AIGCC is a network of institutional investors in Asia focused on mitigating climate risks and seizing net-zero opportunities. Its parent organization is IGCC, a network for Australian and New Zealand investors to understand and respond to the risks and opportunities of climate change.   Rebecca explains how members across both networks are evolving their approaches to climate, nature and the energy transition.   "We do see this continued support for the transition because investors have done the work. They've been assessing their portfolios. They understand that climate risk is investment risk,” she tells us.  Rebecca discusses how mandatory climate disclosure in markets like Australia and New Zealand are changing the landscape. And she talks about the importance of policy and regulation, which she calls the “biggest game-changer” when it comes to increasing the pace of decarbonization.   The All Things Sustainable podcast from S&P Global will be an official media partner of The Nest Climate Campus during Climate Week NYC. Register free to attend here.   Read a report S&P Global Sustainable1 coauthored with GIC on Integrating climate adaptation into physical risk models: https://www.spglobal.com/sustainable1/en/insights/blogs/integrating-climate-adaptation-into-physical-risk-models   This piece was published by S&P Global Sustainable1 and not by S&P Global Ratings, which is a separately managed division of S&P Global.     Copyright ©2025 by S&P Global   DISCLAIMER   By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.   Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).   This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL.   S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.       S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 

In this episode of the Look Forward Podcast, host Andy Critchlow, head of news at S&P Global Commodity Insights, delves into the pivotal role of cement in shaping the global economy. Joined by industry experts Abdulhamit Akçay, Vice President of the Turkish Cement, and Binny Sabharwal, Senior Price Reporter at S&P Global, the discussion explores the intricate dynamics of cement production and consumption.

Welcome to the latest episode in the Terra Carta Series of the All Things Sustainable podcast, a collaboration with the Sustainable Markets Initiative (SMI). Throughout 2025, we'll be interviewing SMI member CEOs from around the world and across industries about how they're approaching sustainability challenges and opportunities.   Today we're speaking with Octopus Energy CEO Greg Jackson. Octopus Energy was founded in the UK in 2016 and has grown into a global clean energy tech business. Greg explains how the company is using technology and AI to lower the cost of decarbonization for consumers.   “When you introduce really agile digital technology into a rapidly changing world, we find we can make the energy transition an upgrade — it's better and cheaper for people, not a sacrifice,” Greg says.   About the SMI and Terra Carta Podcast Series: The SMI is a network of over 250 global CEOs across finance and industry. It facilitates private sector diplomacy with the ambition of making sustainability the driving force of global markets and value creation. S&P Global is a proud SMI member.    Listen to previous episodes in the Terra Carta Series here: Terra Carta Series | S&P Global  Learn about energy transition data and services from S&P Global Commodity Insights here.  The All Things Sustainable podcast from S&P Global will be an official media partner of The Nest Climate Campus during Climate Week NYC. Register free to attend here.  This piece was published by S&P Global Sustainable1 and not by S&P Global Ratings, which is a separately managed division of S&P Global.    Copyright ©2025 by S&P Global  DISCLAIMER  By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.  Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).  This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL.  S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.      S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST. 

In this episode of the All Things Sustainable podcast, we're talking to Helge Muenkel, Group Chief Sustainability Officer at Singapore's biggest bank, DBS.  The interview is the latest installment in our CSO Insights series, where we hear from Chief Sustainability Officers around the world about how they're navigating the evolving sustainability landscape.  "Big picture on climate action very specifically, the train has really left the station," Helge says of the bank's large corporate clients. "More and more customers are really seeing the transformation that is happening in our economies as a business imperative and are embracing it."  Helge explains how DBS integrates environmental and social factors into its sustainability strategy. He says climate financing continues to present big financing risks and opportunities, and points to an increasing focus on scaling blended finance.  Helge tells us that nature is also becoming an increasing focus for the bank — which echoes what we've heard from other sustainability leaders at Southeast Asian financial institutions in recent episodes. Listen to our interview with big Singapore-based bank UOB here: CSO Insights: How sustainability pullback is playing out in Southeast Asia  Listen to our interview with big Malaysia-based bank CIMB here: CSO Insights: How a big Malaysian bank balances climate, nature, human rights and economic inclusion  Listen to our interview with big Malaysian pension fund EPF here: Why one of Southeast Asia's largest pension funds is ‘doubling down' on sustainability  Hear our coverage of London Climate Action Week here: How these key summer events set the scene for COP30 in Brazil  Listen to our podcast episode: How sustainability professionals are weathering challenging times  Listen to our podcast episode where Aniket Shah, Managing Director and Global Head of the Sustainability and Transition Strategy team at Jefferies Group, explains why financial decision-makers need "data, not vibes" to drive their sustainability strategies: Connecting the dots between climate science and financial decisions  Read research from S&P Global Sustainable1 into corporate nature commitments here: Ahead of COP16, corporate nature commitments remain rare  The All Things Sustainable podcast from S&P Global will be an official media partner of The Nest Climate Campus during Climate Week NYC. Register free to attend here. This piece was published by S&P Global Sustainable1 and not by S&P Global Ratings, which is a separately managed division of S&P Global.   Copyright ©2025 by S&P Global DISCLAIMER By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights). This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.     S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.

How are corporate leaders navigating the changing sustainability landscape? To help answer that question, the All Things Sustainable podcast has launched CSO Insights, a new miniseries that brings listeners interviews with Chief Sustainability Officers across industries and around the world.  Today we're talking with Luanne Sieh, Group Chief Sustainability Officer at CIMB Group, one of Malaysia's largest banks.   Luanne says CIMB takes a "holistic" view of climate, nature, human rights and economic inclusion. She outlines the bank's 2030 emissions reduction targets for six priority sectors, including palm oil — an important contributor to Malaysia's GDP and a significant part of CIMB's portfolio.   "We are one of the largest financiers of palm oil globally," Luanne says. "We think that our role here is to really reshape the industries and the clients, or help to reshape them — and not to retreat from them."  Listen to the first episode of our CSO Insights series: CSO Insights: How sustainability pullback is playing out in Southeast Asia | S&P Global  Listen to our podcast interview with big Malaysian pension fund Employees Provident Fund (EPF): Why one of Southeast Asia's largest pension funds is 'doubling down' on sustainability | S&P Global  Read research from S&P Global Sustainable1 about companies' nature risks and dependencies: How the world's largest companies depend on nature and biodiversity | S&P Global  Read our research about the costs of climate physical risk: For the world's largest companies, climate physical risks have a $1.2 trillion annual price tag by the 2050s | S&P Global  The All Things Sustainable podcast from S&P Global will be an official media partner of The Nest Climate Campus during Climate Week NYC. Register free to attend here.    This piece was published by S&P Global Sustainable1 and not by S&P Global Ratings, which is a separately managed division of S&P Global.    Copyright ©2025 by S&P Global      DISCLAIMER     By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights).  This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.     S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.

If you work in sustainability, you know that 2025 has been a time of upheaval in many parts of the world. At the All Things Sustainable podcast, we want to understand how sustainability leaders are handling the changing landscape. So this week, we're launching a new miniseries where we interview Chief Sustainability Officers across industries and around the world.    We're kicking off our CSO Insights series by sitting down with Eric Lim, the Chief Sustainability Officer at United Overseas Bank (UOB), one of the largest banks headquartered in Singapore. We'll be back later this week with more interviews with CSOs at Southeast Asian banks.   Eric says UOB is “obsessed with supporting the client decarbonization and transition journeys,” while also emphasizing the importance of a just transition. He tells us how initiatives like the Singapore Sustainable Finance Association, where he's a convening member, are working to simplify the topic of nature for financial institutions. And he explains how countries like Singapore are incorporating adaptation and resilience measures into the built environment.  “What we see with our clients is — even though there is globally perhaps a bit of this pullback from sustainability, a bit of greenhushing — that our clients simply continue to invest in low-carbon or green business models that they know make commercial sense,” Eric says.   Listen to our recent podcast episode How sustainability professionals are weathering challenging times  Listen to our recent interview with the CEO of Climate Risk & Resilience at global insurance group Howden Why insurance is becoming central to climate risk conversations  Learn about S&P Global Sustainable1's Nature & Biodiversity dataset.  The All Things Sustainable podcast from S&P Global will be an official media partner of The Nest Climate Campus during Climate Week NYC. Register free to attend here.  This piece was published by S&P Global Sustainable1 and not by S&P Global Ratings, which is a separately managed division of S&P Global.    Copyright ©2025 by S&P Global      DISCLAIMER     By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk.      Any unauthorized use, facilitation or encouragement of a third party's unauthorized use (including without limitation copy, distribution, transmission or modification, use as part of generative artificial intelligence or for training any artificial intelligence models) of this Podcast or any related information is not permitted without S&P Global's prior consent subject to appropriate licensing and shall be deemed an infringement, violation, breach or contravention of the rights of S&P Global or any applicable third-party (including any copyright, trademark, patent, rights of privacy or publicity or any other proprietary rights). This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.      S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.