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S&P Global Ratings expands collaboration with Guidewire Software to inform cyber component of New ESG Evaluations
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New York, NY, April  11, 2019 - S&P Global Ratings, a division of S&P Global Inc. (NYSE:  SPGI), and Guidewire Software, Inc. (NYSE: GWRE) today announced an increased  collaboration to inform the cyber security factors of the governance component  in the new S&P Global Ratings Environmental, Social and Governance (ESG)  Evaluation. Separate from credit ratings, the ESG Evaluation is a cross-sector,  relative analysis of an entity’s capacity to operate successfully in the future  and is grounded in how ESG factors could affect stakeholders and potentially  lead to a material direct or indirect financial impact on the entity. 

The cyber risk experience and insights of Guidewire Cyence™  Risk Analytics (Cyence) will help inform parts of the governance analysis in  the ESG Evaluation product.  The offering  will power S&P Global Ratings360™ a digital delivery platform that provides  a view of a company’s critical credit risk factors. Last year, S&P Global  Ratings and Guidewire first announced  their intention to bring the cyber risk knowledge and insights of Cyence to  S&P Global Ratings360.

Chris Heusler, Chief  Commercial Officer at S&P Global Ratings, commented, “The ESG Market  continues to grow in strategic importance for our customers, investors and  market participants, therefore, we have developed a solution to evaluate the  expanding risk components of ESG. The continued collaboration with Guidewire  enables us to attain deeper levels of cyber risk insights and knowledge when  developing an ESG Evaluation and sets us apart from many other providers in  this field. Our ESG Evaluation offering as a whole has been designed to be  a natural extension of our Ratings360 platform which serves our customers in  assessing multi-dimensional credit risk attributes.”

Today, investors have begun applying an ESG lens to  investing, and this trend is growing rapidly worldwide as more come to realize  the risk of separating such issues from business fundamentals. However,  the lack of consistency, standards, and forward view of the majority of ESG  information providers result in widespread difficulties for investors looking  to integrate ESG factors into their investment decisions.  

Paul Mang, General Manager,  Analytics and Data Services at Guidewire Software, added, “We are excited  to bring the power of our proprietary cyber data and analytical capabilities to  the S&P Global Ratings’ ESG Evaluation product. Guidewire’s Cyence Risk  Analytics model provides distinctive insights to ESG customers who seek to  understand the economic implications associated with cyber risk exposures. In the technology-centric world in which we live, the need  for these insights - to make well-informed investment decisions - continues to  grow.”

S&P Global Ratings’ ESG Evaluation offering enables investors,  companies and governments to evaluate the performance of entities, investments  and supply chains, through the categorization of various ESG metrics to assess  ESG risks and make strategic decisions for long-term sustainable growth. To  learn more about S&P Global Ratings ESG Evaluation, click here: https://www.spglobal.com/en/capabilities/esg-evaluation.

Guidewire Cyence Risk Analytics is a cloud-native economic  cyber risk modeling solution built to help quantify cyber risk exposures.  Cyence collects vast amounts of technical and behavioral data from a variety of  sources at internet scale, including public data, open-source data, proprietary  data, and third-party data. To learn more, please visit https://www.guidewire.com/products/guidewire-cyence-risk-analytics.

About S&P Global  Ratings
  S&P Global Ratings is the world's leading provider of  independent credit ratings. Our ratings are essential to driving growth,  providing transparency and helping educate market participants so they can make  decisions with confidence. We have more than 1 million credit ratings  outstanding on government, corporate, financial sector and structured finance  entities and securities. We offer an independent view of the market built on a  unique combination of broad perspective and local insight. We provide our  opinions and research about relative credit risk; market participants gain  independent information to help support the growth of transparent, liquid debt  markets worldwide. For more information, visit www.spglobal.com/ratings.

About Guidewire  Software
  Guidewire delivers the industry platform that Property and  Casualty (P&C) insurers rely upon to adapt and succeed in a time of  accelerating change. We provide the software, services, and partner ecosystem  to enable our customers to run, differentiate, and grow their business. We are  privileged to serve more than 350 companies in 32 countries. For more  information, please visit www.guidewire.com. Follow us on Twitter:  @Guidewire_PandC.

 

Media Contacts

S&P Global Ratings
  Farhan Husain
  +1 212 438 3271
  Farhan.husain@spglobal.com

Guidewire Software
  Diana Stott
  +1 650-356-4941
  dstott@guidewire.com