Moody’s Recognized with CDP’s ‘A’ Score on Climate Action for Second Consecutive Year
NEW YORK--(Business Wire / Korea Newswire) December 08, 2021 -- Moody’s Corporation (NYSE:MCO) announced today that it has received an ‘A’ score from CDP on climate action for the second consecutive year. The top score recognizes Moody’s as one of a small number of high-performing companies out of nearly 12,000 that are leading actions to cut emissions, mitigate climate risks and develop the low-carbon economy.
“As a member of CDP’s Reporter Services and Supply Chain programs, Moody’s Corporation has demonstrated environmental leadership and commitment to curb climate change within their business, as well as among their suppliers. Looking ahead, we are excited to see their continued dedication to transparency and prolonged effort to securing a net-zero, sustainable world,” said Simon Fischweicher, Head of Corporates and Supply Chains for CDP North America.
In 2021, Moody’s accelerated its commitment to achieve net-zero emissions by 2040, bringing its original target forward by ten years, and advanced its validated, interim net-zero science-based targets. Progress on these targets can be viewed in Moody’s TCFD Report and Stakeholder Sustainability Report.
“As the world faces unparalleled challenges from climate change, I am proud that Moody’s has again received this prestigious recognition from CDP,” said Rob Fauber, President & Chief Executive Officer of Moody’s. “Sustainability is at the heart of everything we do, and in our role as a global risk assessment firm, we can also support others to make more sustainable decisions, anticipate emerging risks, and invest in historic opportunities.”
Moody’s helps market participants identify climate-related risks and opportunities with a broad spectrum of climate solutions and insights, ranging from entity level information to macro level analytics, to help quantify climate risk factors and readiness. Moody’s also publishes a range of climate-related thought leadership and analysis, including a recent special report analyzing the implications of a rapid carbon transition for the most carbon-intensive corporate sectors.
Moody’s was recently included in the Dow Jones Sustainability Indices and ranked in the top 10 percent of leading sustainability performers. The company is a founding member of the Net Zero Financial Services Provider Alliance, part of the Glasgow Financial Alliance for Net Zero (GFANZ). In 2021, Moody’s joined the Taskforce on Nature-related Financial Disclosures (TNFD), an industry-led initiative to shift global financial flows from nature-negative to nature-positive outcomes.
Read more about how Moody’s is connecting climate action to its business purpose in CDP’s Stories of Change (https://www.cdp.net/en/climate/stories-of-change) and visit the company’s sustainability site (https://about.moodys.io/sustainability) to learn about its environmental efforts and to access its portfolio of climate-related reports.
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 over 13,000 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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Moody’s Corporation Investor Relations
This is a news release distributed by Korea Newswire on behalf of this company.