Moody's Highlights its Sustainability Performance in New Reports
Moody’s Corporation (NYSE:MCO) today published its 2022
Stakeholder Sustainability and Task Force on Climate-related
Financial Disclosures (TCFD) reports, which highlight Moody’s
sustainable business practices, track the progress of its
decarbonization plan and long-term net-zero targets, and provide
updates on its comprehensive suite of sustainability-related
products and solutions.
“Our stakeholders look to Moody’s to help empower transparent
and efficient markets,” said Christine Elliott, Chief Global
Corporate Affairs Officer at Moody’s. “At the same time, we seek to
embed key initiatives into our own corporate practices, and we’re
excited to share the most recent developments of our journey toward
a more sustainable future.”
The reports outline milestones and achievements across the three
pillars of Moody’s sustainability strategy:
Last year, Moody’s became one of the first companies to have its
near- and longer-term net-zero climate targets validated by the
Science Based Targets Initiative. Additionally, 49% of Moody’s
suppliers by spend set science-based targets, up from 28% in 2021.
Moody’s also further integrated sustainability-related performance
metrics to determine cash incentive payments for all senior
executives, launched a cybersecurity education program for
employees, and aligned its tax practices with its sustainability
Moody’s continued to foster an inclusive culture in its
workplaces and communities by placing an emphasis on wellness and
empowerment. In February 2022, Moody’s launched Moody’s University,
an expanded learning and development platform for employees.
Through its Creating Opportunities for Racial Equity program,
Moody’s joined the White House’s Economic Opportunity Coalition and
made additional treasury deposits in Black-owned banks.
Furthermore, Moody’s employees contributed over 14,000 volunteer
hours toward local initiatives.
Moody’s made additional strides in 2022 toward helping market
participants decode ESG and climate-related risks and identify
growth opportunities. The company launched its ESG Insurance
Underwriting Solution for commercial property and casualty
insurers, and also expanded its Credit Impact Scores to cover over
10,000 governments, financial institutions, and corporations
For more information on Moody’s sustainability efforts, visit
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.
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