LTE Data Scores Big At This Year’s World Cup
Kathryn Garivay
The S&P Global ESG Scores build upon the company's pioneering work on ESG indexing and benchmarking. Through SAM's annual CSA, the scores have powered the Dow Jones Sustainability Index for more than two decades. The scores also serve as analytical tools for S&P Dow Jones Indices' core ESG index offerings including the S&P 500 ESG Index.
"The launch of the S&P Global ESG Scores further bolsters S&P Global's position as the premier resource for ESG data and insights," says Martina Cheung, President of S&P Global Market Intelligence. "We are seeing more and more decision-makers across all segments leverage the benefits of Xpressfeed to accelerate data integration and analysis for their business strategy. The S&P Global ESG Scores are backed by 20 years of SAM's comprehensive assessments enabling market participants to optimize their portfolios and allocate capital towards positive ESG performance."
Evan Greenfield, Global Head of ESG at S&P Global, adds: "The S&P Global ESG Scores are driven by deep corporate engagement derived from private and public data, making the scores unique in the market today. For the first time ever, investors will have access to scores based on more than two decades of ESG expertise, a leading methodology centered around financial materiality, and a focus on forward looking sustainability metrics. The appetite for more robust and differentiated ESG insights for investors is increasing, and we are focused on meeting the need for high-quality, actionable ESG solutions."
S&P Global acquired SAM in January 2020 to bolster its position as the premier resource for essential ESG insights and products for its customers. SAM data will serve as S&P Global's firm-wide global standard for material financial and non-financial ESG disclosures and will be available to inform all ESG research across the company's divisions.
S&P Global's suite of existing ESG-focused products include the S&P Global Ratings ESG Evaluation, a cross-sector, relative analysis of an entity's exposure to and preparedness for ESG-related risks; the S&P 500 ESG Index, which aligns investment objectives with ESG values; S&P Global Platts Energy Transition Prices and 2 degree scenario planning outlooks; and Trucost's market leading carbon and environmental data and risk analysis.
S&P Global (NYSE: SPGI) is the world's foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets, offering ESG solutions, deep data and insights on critical business factors. We've been providing essential intelligence that unlocks opportunity, fosters growth and accelerates progress for more than 160 years. Our divisions include S&P Global Ratings, S&P Global Market Intelligence, S&P Dow Jones Indices and S&P Global Platts. For more information, visit www.spglobal.com.
For example, if you are interested in reading about how the people of a country experience corruption, our work through the Global Corruption Barometer would be ideal. It is the only worldwide public opinion survey on corruption.
Some positive developments in controlling public sector corruption might have been captured, balancing out these negative cases. Certain types of corruption, such as money-laundering or foreign bribery, are not measured in the CPI.
Yes. As part of the update to the methodology used to calculate the CPI in 2012, we established the new scale of 0-100. Each country score given by the underlying data sources is rescaled using the global mean and standard deviation from the CPI 2012 as the year of reference. Using this scale, we can compare CPI scores from one year to the next since 2012. Because of the update in the methodology, however, only CPI results from 2012 onwards can be compared.
This year, the 17th edition of the Global Gender Gap Index benchmarks gender parity across 146 countries, providing a basis for robust cross-country analysis. Further, examining a subset of 102 countries that have been included in every edition of the index since 2006 provides a large constant sample for time-series analysis. The Global Gender Gap Index measures scores on a 0 to 100 scale and scores can be interpreted as the distance covered towards parity (i.e. the percentage of the gender gap that has been closed). Cross-country comparisons support the identification of the most effective policies to close gender gaps.
When considering the 102 countries covered continuously from 2006 to 2023, the gap is 68.6% closed in 2023, recovering to the level reported in the 2020 edition and advancing by a modest 4.1 percentage points since the first edition of the report in 2006. At the current rate of progress, it will take 131 years to reach full parity. While the global parity score has recovered to pre-pandemic levels, the overall rate of change has slowed down significantly. Even reverting back to the time horizon of 100 years to parity projected in the 2020 edition would require a significant acceleration of progress.
- According to the 2023 Global Gender Gap Index no country has yet achieved full gender parity, although the top nine countries (Iceland, Norway, Finland, New Zealand, Sweden, Germany, Nicaragua, Namibia and Lithuania) have closed at least 80% of their gap. For the 14th year running, Iceland (91.2%) takes the top position. It also continues to be the only country to have closed more than 90% of its gender gap.
- At the current rate of progress over the 2006-2023 span, it will take 162 years to close the Political Empowerment gender gap, 169 years for the Economic Participation and Opportunity gender gap, and 16 years for the Educational Attainment gender gap. The time to close the Health and Survival gender gap remains undefined.
- Across all subindexes, Europe has the highest gender parity of all regions at 76.3%, with one-third of countries in the region ranking in the top 20 and 20 out of 36 countries with at least 75% parity. Iceland, Norway and Finland are the best-performing countries, both in the region and in the world, while Hungary, Czech Republic and Cyprus rank at the bottom of the region. Overall, there is a decline of 0.2 percentage points in the regional score based on the constant sample of countries. At the current rate of progress, Europe is projected to attain gender parity in 67 years.
- Just behind Europe, North America ranks second, having closed 75% of the gap, which is 1.9 percentage points lower than the previous edition. While Canada has registered a 0.2 percentage-point decline in the overall parity score since the last edition, the United States has seen a reduction of 2.1 percentage points. At the current rate of progress, 95 years will be needed to close the gender gap for the region.
- With incremental progress towards gender parity since 2017, Latin America and the Caribbean has bridged 74.3% of its overall gender gap, a 1.7 percentage-point increase in overall gender parity since last year. After Europe and North America, the region has the third-highest level of parity. Nicaragua, Costa Rica and Jamaica register the highest parity scores in this region and Belize, Paraguay and Guatemala the lowest. At the current rate of progress, Latin America and the Caribbean will take 53 years to attain full gender parity.
- At 69% parity, Eurasia and Central Asia ranks 4th out of the eight regions on the overall Gender Gap Index. Based on the aggregated scores of the constant sample of countries included since 2006, the parity score since the 2020 edition has stagnated, although there has been an improvement of 3.2 percentage points since 2006. Moldova, Belarus and Armenia are the highest-ranking countries in the region, while Azerbaijan, Tajikistan and Trkiye rank the lowest. The difference in parity between the highest and the lowest ranked country is 14.9 percentage points. At the current rate of progress, it will take 167 years for the Eurasia and Central Asia region to reach gender parity.
- East Asia and the Pacific is at 68.8% parity, marking the fifth-highest score out of the eight regions. Progress towards parity has been stagnating for over a decade and the region registers a 0.2 percentage-point decline since the last edition. New Zealand, the Philippines and Australia have the highest parity at the regional level, with Australia and New Zealand also being the two most-improved economies in the region. On the other hand, Fiji, Myanmar and Japan are at the bottom of the list, with Fiji, Myanmar and Timor-Leste registering the largest declines. At the current rate of progress, it will take 189 years for the region to reach gender parity.
- Southern Asia has achieved 63.4% gender parity, the second-lowest score of the eight regions. The score has risen by 1.1 percentage points since the last edition on the basis of the constant sample of countries covered since 2006, which can be partially attributed to the rise in scores of populous countries such as India, Pakistan and Bangladesh. Along with Bhutan, these are the countries in Southern Asia that have seen an improvement of 0.5 percentage points or more in their scores since the last edition. Bangladesh, Bhutan and Sri Lanka are the best-performing countries in the region, while Pakistan, Iran and Afghanistan are at the bottom of both the regional and global ranking tables. At the current rate of progress, full parity in the region will be achieved in 149 years.
- Gender gaps in the skills of the future: Online learning offers flexibility, accessibility and customization, enabling learners to acquire knowledge in a manner that suits their specific needs and circumstances. However, women and men currently do not have equal opportunties and access to these online platforms, given the persistent digital divide. Even when they do use these platforms, there are gender gaps in skilling, especially those skills that are projected to grow in importance and demand. Data from Coursera suggests that as of 2022, except for teaching and mentoring courses, there is disparity in enrolment in every skill category. For enrolment in technology skills such as technological literacy (43.7% parity) and AI and big data (33.7%), which are among the top 10 skills projected to grow, there is less than 50% parity and progress has been sluggish. Across all skill categories, the gender gaps tend to widen as proficiency levels increase. However, when women do enrol, they tend to attain most proficiency levels across skill categories studied in less time compared to men.
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