Moody’s Spotlights Its Sustainability Commitments in New Reports
May 03 2022 - 7:00AM
Business Wire
Moody’s Corporation (NYSE:MCO) published today its 2021
Stakeholder Sustainability and Task Force on Climate-related
Financial Disclosures (TCFD) reports. Moody’s places sustainability
at the core of its business, and the Sustainability Report
highlights the wide range of work being done across the company to
build a Better Business, support Better Lives, and deliver Better
Solutions. The TCFD Report spotlights Moody’s climate leadership,
including progress on its decarbonization plan and enhanced
physical and transition risk analysis, as well as the role the
company plays in the transition to net-zero by helping market
participants address climate-related risks and opportunities
through its comprehensive suite of offerings.
The reports highlight several sustainability and ESG milestones
Moody’s achieved in the last year:
Better Business
Moody’s embeds sustainability across its operations and value
chain. The company exceeded its near-term greenhouse gas (GHG)
reductions targets – with a 92% reduction in absolute Scope 1 and 2
GHG emissions and a 95% reduction in Scope 3 from a 2019 base year
– and made strong progress toward supplier engagement. Moody’s is
proud to announce its net-zero validated target of 90% emissions
reductions in Scope 1, 2 and 3 emissions by 2040 and that it is one
of the first companies to have its near- and long-term net-zero
targets validated by the Science Based Targets initiative
(SBTi).
Better Lives
Moody’s strives to foster an inclusive and supportive workplace
where every employee can thrive and to help strengthen communities
with resources to grow. In 2021, the company launched Moody’s
University, a framework for professional and personal employee
learning, upskilling, and development, and shifted to a single
performance management approach, Grow, Perform, Succeed (GPS). The
Moody’s Foundation and employee-driven philanthropy efforts
resulted in more than $6 million of charitable donations, and the
company’s employees contributed over 11,000 hours of volunteer time
to their communities.
Better Solutions
Moody’s seeks to accelerate market transformation and build
sustainable economies. In 2021, Moody’s launched several new
solutions that provide greater transparency into ESG-related risks
and assist customers in identifying opportunities. In addition,
Moody’s Investors Service (MIS) expanded its ESG Issuer Profile and
Credit Impact Scores to provide greater transparency into how ESG
considerations are incorporated into credit ratings. The company
also acquired sector-leading firm RMS to bolster its climate and
catastrophe risk modeling and analytics capabilities.
Moody’s 2021 Stakeholder Sustainability Report features several
of the company’s other annual reports, including TCFD, SASB, GRI
and WEF. Visit Moody’s Sustainability website to view the company’s
portfolio of award-winning sustainability reporting and to learn
more about the company’s commitments and initiatives.
ABOUT MOODY’S CORPORATION
Moody’s (NYSE: MCO) is a global integrated risk assessment firm
that empowers organizations to make better decisions. Its data,
analytical solutions and insights help decision-makers identify
opportunities and manage the risks of doing business with others.
We believe that greater transparency, more informed decisions, and
fair access to information open the door to shared progress. With
approximately 14,000 employees in more than 40 countries, Moody’s
combines international presence with local expertise and over a
century of experience in financial markets. Learn more at
moodys.com/about.
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version on businesswire.com: https://www.businesswire.com/news/home/20220503005392/en/
SHIVANI KAK Investor Relations 212.553.0298
shivani.kak@moodys.com
KIBUI PYRON Communications 212.553.0935
kibui.pyron@moodys.com
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