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Investment Analytics · head to head

S&P Capital IQ Pro vs Morningstar Sustainalytics

S&P Capital IQ Pro logo

S&P Capital IQ Pro

Investment Analytics

S&P Global's research platform for company, credit, sector and market data

From
On request
Free plan
No
Full reviewWebsite
Morningstar Sustainalytics logo

Morningstar Sustainalytics

Investment Analytics

ESG Risk Ratings, controversies and regulatory data for investors

From
On request
Free plan
No
Full reviewWebsite

The short version

  • Each has a real cost: S&P Capital IQ Pro no published pricing: the product page and release notes offer a demo request only, checked November 2026.; Morningstar Sustainalytics no prices are published for any dataset or platform licence; everything goes through a request-details form, checked November 2026.
  • They diverge on capability: S&P Capital IQ Pro covers ChatIQ, Morningstar Sustainalytics covers ESG Risk Ratings.
  • Prices and features above were last checked on 12 November 2026.

Where they differ

Only the attributes on which S&P Capital IQ Pro and Morningstar Sustainalytics actually diverge.

Attributes where S&P Capital IQ Pro and Morningstar Sustainalytics differ
AttributeS&P Capital IQ ProMorningstar Sustainalytics
PlatformsWeb, Excel, MobileWeb, API

Identical on both: starting price (On request), pricing model (quote), free tier (No), user rating (Not yet rated), category (Investment Analytics).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in S&P Capital IQ Pro

  • ChatIQ
  • Document Intelligence
  • Screener
  • S&P Capital IQ Pro Plug-in
  • ChatIQ Spreadsheets
  • Sector and credit modules
  • Valuation tools
  • Earnings IQ alerts

Only in Morningstar Sustainalytics

  • ESG Risk Ratings
  • Controversies Research
  • Low Carbon Transition Ratings
  • Regulatory datasets
  • Country Risk Ratings and sanctions screening
  • Global Access platform
  • API and data feeds
  • Corporate licences and second-party opinions

What people use each for

The jobs each tool is most often brought in to do.

S&P Capital IQ Pro

  • Building comparable company and precedent transaction sets for M&A and valuation worknot Morningstar Sustainalytics
  • Credit analysis drawing on S&P Global Ratings research alongside company financialsnot Morningstar Sustainalytics
  • Sector research in banking, insurance, real estate, energy, and metals and miningnot Morningstar Sustainalytics
  • Querying filings and earnings call transcripts across many companies with ChatIQnot Morningstar Sustainalytics
  • Feeding refreshable company and market data into Excel modelsnot Morningstar Sustainalytics
  • Private company research and screening for deal sourcingnot Morningstar Sustainalytics

Morningstar Sustainalytics

  • Screening an investment universe on unmanaged ESG risk before portfolio constructionnot S&P Capital IQ Pro
  • Monitoring holdings for ESG controversies with daily alertsnot S&P Capital IQ Pro
  • Producing SFDR, EU Taxonomy and EBA Pillar III disclosures from licensed datanot S&P Capital IQ Pro
  • Measuring portfolio alignment with net zero through implied temperature risenot S&P Capital IQ Pro
  • Prioritising engagement and proxy voting by material ESG issuenot S&P Capital IQ Pro
  • Licensing a company's own rating for marketing or a sustainability-linked loannot S&P Capital IQ Pro

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

S&P Capital IQ Pro

  • No published pricing: the product page and release notes offer a demo request only, checked November 2026.
  • Several datasets are add-on subscriptions on top of the base licence, so the content a user sees depends on what their firm has bought rather than on the product.
  • Multi-Document ChatIQ excludes Dow Jones and Nikkei news, scanned documents, insurance statutory filings and research from contributors including Goldman Sachs, Citi, Barclays and Bank of America, per the October 2025 release notes.
  • Earnings IQ alerts cover US exchange-listed companies only, per the October 2025 release notes.
  • Many of the newest AI tools are labelled beta or Labs, including Portfolio Insights and ChatIQ Presentations, as of the October 2026 announcement.
  • The product pages on spglobal.com refuse automated requests, so evaluating the product without talking to sales means relying on release notes and press releases.

Morningstar Sustainalytics

  • No prices are published for any dataset or platform licence; everything goes through a request-details form, checked November 2026.
  • The ESG Risk Ratings measure financial risk to the company from ESG issues, not the company's impact on the world, so a firm with a damaging product can still score low risk. Buyers wanting impact or double materiality need separate datasets.
  • The ratings depend on analyst assessment, which caps coverage: the ESG Risk Ratings page cites more than 16,000 companies, a fraction of the universe that model-driven providers claim.
  • Distribution is uneven by product: the Low Carbon Transition Ratings page lists FactSet, Aladdin and Bloomberg as planned rather than live, so a dataset available in one terminal may not be in another.
  • Since 1 December 2023 the site states its ESG ratings and data are not intended for India-based clients, users or residents.
  • Morningstar sells both these ratings and Morningstar Direct, and corporates can pay to license their own rating; investors relying on it should read the conflict-of-interest disclosures that come with the ESMA application, which was still pending in November 2026.

Pricing, plan by plan

S&P Capital IQ Pro

On request
  • Capital IQ Pro licence$undefined/mo
    • Priced by quotation through S&P Global Market Intelligence sales, no list prices published
    • Some datasets, such as mine emissions, are separate add-on subscriptions
    • Bulk data delivery via Xpressfeed, APIs and Snowflake is sold separately

Morningstar Sustainalytics

On request
  • Investor solutions$undefined/mo
    • Priced by quotation through a request-details form
    • Licensed by dataset: ESG Risk Ratings, controversies, climate, regulatory and screening
    • Delivered via Global Access, API, datafeed or partner platforms
  • Corporate solutions$undefined/mo
    • Priced by quotation
    • ESG rating licences, Top-Rated Companies badges and second-party opinions

Which should you pick?

Choose S&P Capital IQ Pro if

  • You need chatiq.
  • You work on Web, Excel, Mobile.
  • You also want document intelligence.
S&P Capital IQ Pro review

Choose Morningstar Sustainalytics if

  • You need esg risk ratings.
  • You work on Web, API.
  • You also want controversies research.
Morningstar Sustainalytics review

Questions people ask

Is S&P Capital IQ Pro or Morningstar Sustainalytics better?
Neither clearly leads. S&P Capital IQ Pro starts at On request and Morningstar Sustainalytics at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, S&P Capital IQ Pro or Morningstar Sustainalytics?
S&P Capital IQ Pro starts at On request and Morningstar Sustainalytics at On request.
Does S&P Capital IQ Pro or Morningstar Sustainalytics run on more platforms?
S&P Capital IQ Pro runs on Web, Excel, Mobile. Morningstar Sustainalytics runs on Web, API.
What is S&P Capital IQ Pro best used for?
S&P Capital IQ Pro is most often used for building comparable company and precedent transaction sets for m&a and valuation work, credit analysis drawing on s&p global ratings research alongside company financials, sector research in banking, insurance, real estate, energy, and metals and mining, querying filings and earnings call transcripts across many companies with chatiq. Of those, building comparable company and precedent transaction sets for m&a and valuation work and credit analysis drawing on s&p global ratings research alongside company financials are not what Morningstar Sustainalytics is typically brought in for.
What can S&P Capital IQ Pro do that Morningstar Sustainalytics cannot?
S&P Capital IQ Pro covers ChatIQ, Document Intelligence, Screener, S&P Capital IQ Pro Plug-in. Morningstar Sustainalytics covers ESG Risk Ratings, Controversies Research, Low Carbon Transition Ratings, Regulatory datasets.

Answered from the vendors’ own pages

S&P Capital IQ Pro: What is ChatIQ in Capital IQ Pro?

ChatIQ is the conversational AI layer in Capital IQ Pro. It answers natural-language questions across company, market, credit and economic data and over financial documents, news and research. The October 2026 update extended it to Excel modelling through ChatIQ Spreadsheets and to slide creation through ChatIQ Presentations in Labs.

Source
Morningstar Sustainalytics: What do Sustainalytics ESG Risk Ratings measure?

The amount of material ESG risk a company leaves unmanaged. Exposure is set at sub-industry level, unmanageable risk is separated out, and the remainder is assessed against the company's policies, programmes and controversies. The result falls in one of five bands: negligible, low, medium, high or severe.

Source
S&P Capital IQ Pro: How many documents can Multi-Document ChatIQ analyse at once?

Up to 20, drawn from filings, transcripts, investor presentations, news and research across different companies or industries. Dow Jones and Nikkei news, scanned documents, insurance statutory filings and some contributor research are excluded.

Source
Morningstar Sustainalytics: How many companies does Sustainalytics rate?

The ESG Risk Ratings page states analyst coverage of more than 16,000 companies across public equity, fixed income and private issuers, using over 200 indicators and 1,800 data points. Controversies Research monitors more than 19,000 entities.

Source
S&P Capital IQ Pro: Can Capital IQ Pro data be used in Excel?

Yes. The S&P Capital IQ Pro Plug-in pulls data into Excel with formulas, a Formula Builder and a template library, and new datasets such as sustainability metrics and bond indices are added to it alongside the web platform.

Source
Morningstar Sustainalytics: How is Sustainalytics data delivered?

Through the Global Access web platform, an API documented in OpenAPI and Swagger, scheduled datafeeds to SFTP, and partner platforms including Morningstar Direct, Bloomberg, Aladdin, FactSet, RIMES, Markit and Style Analytics.

Source
S&P Capital IQ Pro: How much does S&P Capital IQ Pro cost?

S&P Global does not publish prices. Access is licensed through its sales team after a demo, and some datasets are sold as add-on subscriptions.

Source
Morningstar Sustainalytics: Who owns Sustainalytics?

Morningstar, Inc. It acquired a 40% stake in 2017 and completed the purchase of the remainder in July 2020.

Source
S&P Capital IQ Pro: Can the AI screener build screens from plain English?

Yes. Since October 2025 the Companies screener has an optional AI-assisted mode that converts a natural-language description into screening criteria, which can then be refined manually. It is switched on in Screener settings.

Source
Morningstar Sustainalytics: Is Sustainalytics authorised under the EU ESG Ratings Regulation?

Sustainalytics B.V. has applied to ESMA for authorisation as an ESG rating provider, covering eleven products including ESG Risk Ratings, controversy ratings and low carbon transition ratings. A decision had not been announced as of November 2026.

Source
Morningstar Sustainalytics: What does Sustainalytics cost?

Prices are not published. Investor and corporate products are sold by quotation through a request-details or contact form.

Source
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