Employee Health, Safety and Wellbeing
Employee Health Safety and Wellbeing
Overview
In line with our People First approach, we view creating a culture that supports the health, safety and wellbeing of our people and gives them the opportunity to thrive as among our highest priorities. When we take care of our people, we are investing in our success as a company.
This material topic includes our efforts to foster a safe, healthy work environment and provide comprehensive benefits designed to support our colleagues’ holistic wellbeing – their physical, financial, mental and emotional health. For more information on this topic, see Risk and Crisis Management and Human Rights.
Focus Areas
Support work-life wellness and provide a comprehensive benefits package that enables informed decisions and healthy lifestyles.
Maintain our health and safety management system based on the requirements of ISO 45001.
Prevent all work-related accidents and enable the safety of our people worldwide.
2023 Highlights
Invested in wellbeing systems to increase efficiency and data-driven insights.
Engaged internal partners and People Resource Groups (PRGs) to raise colleagues’ awareness of global offerings to support mental health and other wellbeing areas.
Experienced zero reportable safety incidents.
S&P Global Commodity Insights
When our people feel supported to care for their holistic wellbeing, they can bring the best of themselves to work and provide our customers with a superior experience.”
Fernando Gomez
SVP, People, Indices and Commodity Insights
Our Approach
The company’s human capital management strategy, also referred to as our People strategy, guides our priorities and initiatives. S&P Global provides colleagues health and wellbeing programs alongside a comprehensive, competitive benefits package that includes a host of programs, resources and incentives to enable informed decisions and healthy lifestyles. Our global benefits differ from country to country, but specific offerings include flexible work environments and programs designed to promote our people’s physical, financial, mental and emotional health. We build a safe and healthy work environment by training our people and maintaining a rigorous management system.
Our Board of Directors and the Compensation and Leadership Development Committee oversee and regularly engage with our CEO, Chief Purpose Officer (CPO), Chief Corporate Responsibility & Diversity Officer and other members of senior leadership on a broad range of people topics, including workplace health, safety and wellbeing. At the management level, our CPO is responsible for leading the development and execution of the company’s People strategy, working with other senior leaders across the company on priorities that include overseeing the design of the company’s compensation, benefits and wellbeing programs.
Employee Wellbeing
In 2023, we continued to harmonize our benefits systems and processes following our merger with IHS Markit and worked to increase engagement with our offerings in several key ways:
- Streamlined and invested in systems to minimize dependence on manual processes and increase datadriven insights.
- Raised awareness of our wellbeing offerings through communications, interactive modules, benefits e-learning courses and a one-stop shop for benefits, retirement and people mobility on our internal platform.
- Increased engagement and collaboration with internal partners and through our PRGs, elevating our global offerings to support mental health, elder care, financial wellbeing and retirement, women’s health and sustainability.
We continue to offer:
Holistic Wellness Programs: A suite of programs to support health and wellness, including virtual fitness classes, our Mindful Meditation program and the Life Speak video platform, with sessions on topics including mental health; preventative health; family issues; diversity, equity and inclusion; and professional skills development.
Wellness Days: Five paid Wellness Days annually, when all offices are closed to enable our colleagues to rest and recharge.
Flexible Leave: Flexible recharge time , which allows colleagues to take as much personal paid time off from work as needed, consistent with fulfilling their duties and the company’s obligations.
- 26 weeks paid parental leave.
- Our Global Care Leave policy, which allows our people to take up to 10 days of paid leave per calendar year to care for a close relative or loved one who has a serious illness or health condition.
- Our Global Sick Leave policy, which provides a minimum of 10 paid business days for sick leave per calendar year for our people to rest and recuperate.
Family Health Support:TELUS Health (formerly LifeWorks) Wellbeing Program, which provides culturally appropriate support, confidential information and tools at no cost to our people and their family members.
Educational Support: Reimburses tuition, registration, program fees and course-related books for approved courses up to a specified amount. S&P Global will also match the reimbursed amount with an equal payment to defray a current student loan up to a specified maximum.
For additional information on benefits offered by location, please visit our website.
Wellbeing Reimbursement: Provides colleagues with the flexibility to access activities that meet their specific wellness needs.
Building on Our Wellness Programs
In 2023, we built on our wellness programs with global benefits including:
- Financial wellbeing support, including reimbursement for financial, tax and estate planning claims.
- Enhanced reproductive wellness options, including Maven’s digital health program for pregnancy and parental support and expressed milk shipping.
- Fertility IQ/Menopause IQ on-demand digital education for family building and menopause support.
In early 2024, we introduced new benefits, including:
- Fertility treatment benefits for all colleagues globally.
- A scholarship fund offered to all colleagues globally to support higher education for their children.
- Employer-paid membership in bike share programs across many U.S. cities.
Employee Health and Safety
Our goal is to prevent all work-related accidents and enable the safety of our people worldwide. We work to build a safe and healthy work environment by training our people, enhancing their wellbeing through products and infrastructure, and collaborating across internal teams to keep health and safety central to how we operate. Protecting the health and safety of our colleagues, clients and other stakeholders we engage in our workplace is our primary consideration.
To support a safe and healthy work environment, the company maintains a rigorous management system. Our facilities worldwide follow internally and externally audited occupational health and safety policies in line with ISO 45001 and ISO 14001 standards. All of our offices follow ISO 45001, with our London office formally certified in ISO 45001; 49% of our office areas and 47% of employees, respectively, are covered by ISO 14001 standards.
These practices also support our goal of minimizing our environmental footprint by improving operational efficiencies. For additional information, please see our Global Health, Safety and Environmental Policy.
We continue to use Risk Management Plus software to report and record any incidents that occur on S&P Global premises. S&P Global experienced zero total reportable incidents7 in 2023.
Improving Workspace Ergonomics
To reduce risks related to ergonomics, we launched the Health Working Plus online training package in 2023. Colleagues create a profile of their working environment, whether at home or at the office, and then complete a training and risk assessment based on that profile. The ergonomics risk assessment generates recommendations to improve the comfort of workstations. Colleagues who continue to experience discomfort may meet virtually with an ergonomics expert for further recommendations.
7 The total reportable incident rate (TRIR) is a measure that encompasses all fatalities, lost time injuries, cases restricted for work, cases of substitute work due to injury and medical treatment cases by medical professionals.
Looking Ahead
With integration of our benefits systems now complete, in 2024, we are focused on:
- Using technology to more efficiently gather and use data to better serve colleagues and make more informed decisions.
- Conducting a utilization analysis to help us repurpose high-priority wellness programs and achieve economies of scale.
- Offering new benefits, including benefits for women’s health.
- Offering a library of health and safety courses for colleagues.
See data tables in Appendix.