By Kimberly Chin

 

Moody's Corp. said it would accelerate the time it will give itself to reach its net-zero emissions targets by 10 years.

The company now plans to reach net-zero emissions across its operations and supply chain by 2040.

"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," president and CEO Rob Fauber said.

The company's goals include reducing its Scope 1 and Scope 2 emissions within its operations by 50% by 2030, cutting its Scope 3 emissions by 15% from such endeavors as business travel and commuting by 2025 and requiring that 60% of its suppliers have science-based targets by 2025.

 

Write to Kimberly Chin at kimberly.chin@wsj.com

 

(END) Dow Jones Newswires

September 20, 2021 08:00 ET (12:00 GMT)

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