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SEC Comment Letter 0000000000-23-010944 to Fidelity National Information Services, Inc. (FIS) (CIK 0001136893) (FIS)

Fidelity National Information Services, Inc. (FIS) (CIK 0001136893)
Date: Oct. 4, 2023 · CIK: 0001136893 · Accession: 0000000000-23-010944

AI Filing Summary & Sentiment

File numbers found in text: 001-16427

Date
October 4, 2023
Author
Not clearly detected
Form
UPLOAD
Company
Fidelity National Information Services, Inc. (FIS) (CIK 0001136893)

Letter

United States securities and exchange commission logo October 4, 2023 James Kehoe Chief Financial Officer Fidelity National Information Services, Inc. 347 Riverside Avenue Jacksonville, FL 32202 Re:Fidelity National Information Services, Inc. Form 10-K for the Fiscal Year Ended December 31, 2022 Response dated September 20, 2023 File No. 001-16427 Dear James Kehoe: We have reviewed your September 20, 2023 response to our comment letter and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our September 6, 2023 letter. Form 10-K for the Fiscal Year Ended December 31, 2022 Management's Discussion and Analysis of Financial Condition and Results of Operations, page 1.We note your response to prior comment 2 that you do not directly emit GHG emissions as a byproduct of your business. However, your Global Sustainability Report discloses Scope 1, 2 and 3 emissions. We further note such report states that your real estate portfolio is critical to pursuing ESG excellence as it relates to energy efficiency and renewable energy, and that you may be exposed to new costs from potential government- imposed carbon tax or cap and trade schemes. Please explain in greater detail your analysis of the following indirect consequences of climate-related regulations or business trends and any conclusions as to materiality:

FirstName LastNameJames Kehoe Comapany NameFidelity National Information Services, Inc. October 4, 2023 Page 2 FirstName LastName James Kehoe Fidelity National Information Services, Inc. October 4, 2023 Page 2 •decreased demand for goods or services that produce significant greenhouse gas emissions or are related to carbon-based energy sources; •increased demand for goods that result in lower emissions than competing products; •increased competition to develop innovative new products that result in lower emissions; and •increased demand for generation and transmission of energy from alternative energy sources. In addition, please discuss potential reputational risks resulting from operations or products that produce material greenhouse gas emissions. 2.We note your response to prior comment 3. Please further address the following: •We note your risk factor on page 15 discussing that your systems and operations could be exposed to damage or interruption from severe weather events and other natural disasters. Please tell us how you considered disclosing the uncertainties and risks of climate-related physical effects on your business and operations around the world. In that regard, we note your Global Sustainability Report reflects that the TCFD assessment found that water stress may pose a risk to you, and you are planning to take measures to mitigate risks associated with water stress. •Please discuss how your business and operations could be impacted to the extent your customers or suppliers are impacted by severe weather. •Your response quantifies your increase in insurance premiums. Please also quantify the cost of insurance premiums for each of the periods covered by your Form 10-K. Please contact Michael Purcell at 202-551-5351 or Karina Dorin at 202-551-3763 with any questions. Sincerely, Division of Corporation Finance Office of Energy & Transportation

Show Raw Text
United States securities and exchange commission logo
October 4, 2023
James Kehoe
Chief Financial Officer
Fidelity National Information Services, Inc.
347 Riverside Avenue
Jacksonville, FL 32202
Re:Fidelity National Information Services, Inc.
Form 10-K for the Fiscal Year Ended December 31, 2022
Response dated September 20, 2023
File No. 001-16427
Dear James Kehoe:
            We have reviewed your September 20, 2023 response to our comment letter and have the
following comments.  In some of our comments, we may ask you to provide us with information
so we may better understand your disclosure.
            Please respond to these comments within ten business days by providing the requested
information or advise us as soon as possible when you will respond.  If you do not believe our
comments apply to your facts and circumstances, please tell us why in your response.
            After reviewing your response to these comments, we may have additional
comments.  Unless we note otherwise, our references to prior comments are to comments in our
September 6, 2023 letter.
Form 10-K for the Fiscal Year Ended December 31, 2022
Management's Discussion and Analysis of Financial Condition and Results of Operations, page
31
1.We note your response to prior comment 2 that you do not directly emit GHG emissions
as a byproduct of your business.  However, your Global Sustainability Report discloses
Scope 1, 2 and 3 emissions. We further note such report states that your real estate
portfolio is critical to pursuing ESG excellence as it relates to energy efficiency and
renewable energy, and that you may be exposed to new costs from potential government-
imposed carbon tax or cap and trade schemes. Please explain in greater detail your
analysis of the following indirect consequences of climate-related regulations or business
trends and any conclusions as to materiality:

 FirstName LastNameJames Kehoe
 Comapany NameFidelity National Information Services, Inc.
 October 4, 2023 Page 2
 FirstName LastName
James Kehoe
Fidelity National Information Services, Inc.
October 4, 2023
Page 2
•decreased demand for goods or services that produce significant greenhouse gas
emissions or are related to carbon-based energy sources;
•increased demand for goods that result in lower emissions than competing products;
•increased competition to develop innovative new products that result in lower
emissions; and
•increased demand for generation and transmission of energy from alternative energy
sources.
In addition, please discuss potential reputational risks resulting from operations or
products that produce material greenhouse gas emissions.
2.We note your response to prior comment 3. Please further address the following:
•We note your risk factor on page 15 discussing that your systems and operations
could be exposed to damage or interruption from severe weather events and other
natural disasters. Please tell us how you considered disclosing the uncertainties and
risks of climate-related physical effects on your business and operations around the
world. In that regard, we note your Global Sustainability Report reflects that the
TCFD assessment found that water stress may pose a risk to you, and you are
planning to take measures to mitigate risks associated with water stress.
•Please discuss how your business and operations could be impacted to the extent your
customers or suppliers are impacted by severe weather.
•Your response quantifies your increase in insurance premiums. Please also quantify
the cost of insurance premiums for each of the periods covered by your Form 10-K.
            Please contact Michael Purcell at 202-551-5351 or Karina Dorin at 202-551-3763 with
any questions.
Sincerely,
Division of Corporation Finance
Office of Energy & Transportation