{
  "docId": "019dd923-622b-71dc-a6dc-88f077191205",
  "docSlug": "4a15d7fb3340",
  "documentTitle": "S&P Global (SPGI)",
  "authorId": "20_TCI_Fund",
  "authorName": "Chris Hohn",
  "documentKindSlug": "shareholder-letter",
  "documentKindLabel": "Shareholder letter",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2019-11-30 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.7078385,
  "pageNumber": 4,
  "pageCount": 4,
  "prevPage": 3,
  "nextPage": null,
  "slideType": "closing_ask",
  "function": "closing_ask",
  "density": "balanced",
  "nDataPoints": 0,
  "notes": "Page 4 of a letter signed by Chris Hohn, Philip Green, and Alex Baring.",
  "elementsJson": [
    "paragraph"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622b-71dc-a6dc-88f077191205/4",
  "deckHref": "/decks/019dd923-622b-71dc-a6dc-88f077191205",
  "deckJsonHref": "/decks/019dd923-622b-71dc-a6dc-88f077191205.json",
  "deckAnchorHref": "/decks/019dd923-622b-71dc-a6dc-88f077191205#slide-4",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "S&P should continue to advocate for banks to disclose climate change risks associated with their loan books.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd953-0394-7243-be91-3b7f7e30ed9b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.76,
        "x": 0.12,
        "y": 0.25
      },
      "kind": "other",
      "text": "Yours sincerely, Chris Hohn, Philip Green, Alex Baring",
      "attrs": null,
      "subkind": "unclassified",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "206db8c6-609b-4910-92cc-764b20ed232d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.76,
        "x": 0.12,
        "y": 0.2
      },
      "kind": "paragraph",
      "text": "We appreciate the time and effort S&P has made incorporating ESG into its business. We look forward to continuing our dialogue.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "82388980-5772-49a7-9673-a6cb5483d72d",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.76,
        "x": 0.12,
        "y": 0.12
      },
      "kind": "paragraph",
      "text": "S&P's Trucost service has an important role in continuing to identify bank investment and loan portfolio exposure risk around financial services companies. In addition, S&P should continue to advocate for banks to disclose climate change risks associated with their loan books.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d9dbd743-9d66-4fae-bf60-bb93adb21fe5",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Storytelling: the closing ask",
      "slug": "closing-ask",
      "agent": "storyteller",
      "layer": "slide",
      "matchId": "a5850869-4932-4124-9e66-2725cddda881",
      "evidence": "This slide presents a closing ask, specifically for S&P Global to continue advocating for climate change risks disclosure.",
      "confidence": 0.8
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 4,
      "from": 3,
      "beatId": "3817e391-4691-4623-97a5-2b778ada54cb",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Solution",
      "beatSlug": "problem-agitate-solution-solution-provide-relief",
      "evidence": "The closing ask slide presents S&P's Trucost service as a solution to identify portfolio exposure risk",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [
    {
      "to": 4,
      "from": 2,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "c97149e9-a9f5-47fa-9140-64c9d3ff6ddb",
      "evidence": "The document implies that lack of disclosure leads to investment and loan portfolio exposure risk",
      "position": 0,
      "objective": "Highlight the risks of not disclosing GHG emissions",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.7,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}