S&P Global’s Acquisition of The Climate Service

Cahill represented S&P Global’s Sustainable1 business in the transaction.

S&P Global’s Sustainable1 business executed its acquisition of The Climate Service, Inc., a leading climate analytics provider based in Durham, North Carolina that has won multiple awards for its innovative approach to analyzing climate risks, including winner of the 2021 ESG Investing Best Specialist ESG Data Provider award, New Wave Leader 2020 by Forrester and World Changing Ideas by Fast Company.

The company provides the Climanomics® platform, a tool that quantifies physical climate risk, to support corporates, investors and governments with intelligence regarding transition risks including changing legal, regulatory, and market conditions.

The acquisition will add capabilities to S&P Global’s leading portfolio of essential environmental, social, and governance (ESG) insights and solutions for its customers. Through this acquisition, S&P Global will be able to offer its clients even more transparent, robust and comprehensive climate data, models and analytics.

S&P Global Sustainable1 is the central source for sustainability intelligence from S&P Global. Sustainable1 matches customers with the ESG products, insights and solutions from across S&P Global’s divisions to help meet their unique needs. 

The Cahill team representing S&P Global included partner and co-chair of M&A and Corporate Advisory Helene R. Banks (Picture), corporate associates Taegan M. Clarke, Tina M. Davis, and Catherine E. Schaefer and law clerk Jenni E. Barra; tax partner Aliza R. Levine; executive compensation and benefits counsel Mark J. Gelman; and intellectual property counsel Alexander M. Kim.

Involved fees earner: Helene Banks – Cahill Gordon & Reindel; Taegan Clarke – Cahill Gordon & Reindel; Tina Davis – Cahill Gordon & Reindel; Mark Gelman – Cahill Gordon & Reindel; Alexander Kim – Cahill Gordon & Reindel; Aliza Levine – Cahill Gordon & Reindel; Catherine Schaefer – Cahill Gordon & Reindel;

Law Firms: Cahill Gordon & Reindel;

Clients: S&P Global, Inc.;