Employee Retirement Plan of S&P Global Inc and its Subsidiaries

Employee Retirement Plan of S&P Global Inc and its Subsidiaries

The plan, sponsored by S&P Global Inc., provides monthly retirement benefits to eligible employees based on years of service and compensation history. The plan is frozen, meaning participants no longer accrue additional benefits, which shifts the investment strategy toward asset-liability matching and liquidity management rather than long-horizon growth. Strategy and deployment are concentrated in fixed income portfolios held across the United States and United Kingdom, alongside a dedicated short-term investment portfolio. The plan's structure prioritizes income generation and principal protection over venture-style upside. No direct exposure to early-stage venture, private equity, or real assets is confirmed in public filings, though the short-term book suggests active treasury and credit market management. Geographic focus is confined to US and UK dollar- and sterling-denominated instruments. The plan's investment activities are overseen by S&P Global's internal treasury and benefits teams, with no external investment office or named CIO publicly disclosed. Adjacent vehicles include the sponsor's corporate treasury operations and subsidiary guarantees from Standard & Poor's Financial Services LLC, which provide additional credit support to plan obligations. As of the most recent public filings, the plan continues to meet its benefit payment obligations without contribution holidays or material funding shortfalls. Structurally, the frozen status makes this plan a closed system — no new liabilities, no new participants, and a mandate that treats the portfolio as a defeasance vehicle. That architecture separates it from public pension peers seeking alpha to fill funding gaps and aligns it more closely with a terminal trust or insurance-runoff posture than a traditional active investor.