Moody’s accelerates its net zero commitments to 2040
Moody’s Corporation has today announced its commitment to achieve net-zero emissions across its operations and value chain by 2040, bringing its original target forward by 10 years.
The new commitment date aligns with Moody’s published Decarbonisation Plan and coincides with its recognition as a 2021 Global Compact LEAD company, for its ongoing commitment to the United Nations Global Compact and its Ten Principles for responsible business.
Moody’s is a global integrated risk assessment firm, headquartered in New York City and with a revenue of $417mn, the company has over 11,500 employees in more than 40 countries.
Net zero science-based targets lead the way at Moody’s
By accelerating its net-zero target, Moody’s has demonstrated its continued commitment to advancing sustainability.
In addition to this new ambition, Moody’s set and progressed on validated, interim net zero science-based targets to reduce greenhouse gas emissions in its operations and value chain.
Progress on these targets can be viewed in Moody’s recent TCFD Report and Stakeholder Sustainability Report. These targets include:
- 50% reduction of Scope 1 and Scope 2 emissions from its operations by 2030
- 15% reduction in Scope 3 emissions from fuel and energy-related activities, business travel and employee commuting by 2025
- 60% of Moody’s suppliers by spend covering purchased goods and services and capital goods to have science-based targets by 2025
Moody’s climate and other sustainability commitments have contributed to its recognition as a LEAD company by the UN Global Compact.
As a LEAD company, Moody’s has been identified as one of the most engaged participants in the world’s largest corporate sustainability initiative.
In addition to its corporate commitments, Moody’s product offerings help market participants evaluate and integrate environmental, social, and governance risk considerations into their capital allocation and long-term resilience planning.
Moody’s ready for a sustainable transformation
“The global economy is fundamentally realigning due to climate risk, and the transformation will affect us all”, said Rob Fauber, President and Chief Executive Officer of Moody’s Corporation. “Given the urgency of the need to adapt, we are accelerating Moody’s net-zero target, and continue to embed climate risk and sustainability into everything we do.”