S&P Global Ratings has demonstrated robust leadership as a service provider in the Middle East's sustainable finance market, supporting the region's transition through initiatives that support transparency and market education.

At the core of its offering is the Shades of Green methodology, which provides a framework for assessing alignment with a low-carbon, climate-resilient future. By assigning six distinct shades – from Dark Green to Red – S&P Global Ratings enables investors to differentiate between fully aligned green activities and transitional solutions, a critical capability in a region navigating complex decarbonisation pathways.

In the Middle East, S&P Global Ratings has delivered second-party opinions (SPOs) for key regional issuers, including the Islamic Development Bank, The Housing Bank for Trade and Finance and Pegasus as well as rating four green sukuks. Historically, S&P Global Ratings reports it has provided over 20 SPOs across the Middle East.

In 2025, the firm also expanded its services to include post-issuance reviews and alignment with global taxonomies across Europe, Asia-Pacific, and Latin America.