Business Wire

Moody’s 2020 TCFD Report Highlights Climate Action Progress

Share

Moody’s Corporation (NYSE:MCO) today published its 2020 Task Force on Climate-related Financial Disclosures (TCFD) report, highlighting the Company’s commitment to climate action, and reaffirming its support for more consistent and comparable sustainability disclosures.

“We are proud to have exceeded our environmental sustainability targets, and to have fully implemented climate-related risk awareness and opportunities into Moody’s business strategy, corporate governance and risk management,” said Mark Kaye, Chief Financial Officer, Moody’s Corporation. “Moody’s will continue to advance sustainability in our operations and global supply chain, as well as adapt our products and services to incorporate and advocate for climate considerations.”

The report follows Moody’s 2020 announcement of its environmental sustainability commitments, including expansion of carbon neutrality efforts, procurement of 100% renewable electricity, and the establishment of science-based targets to reduce greenhouse gas (GHG) emissions and achieve net-zero by 2050. Moody’s was one of the first financial services companies to support and respond to TCFD’s recommendations, and was featured as a case study in TCFD’s 2020 Status Report.

The 2020 TCFD report details Moody’s progress toward achieving the targets and commitments established in its 2020 Decarbonization Plan, including:

Achieving carbon neutrality

Moody's achieved its goal in 2020 of offsetting historical carbon emissions from its operations, business travel and employee commuting from the time the company became public in September 2000. In addition, the Company intends to reach net-zero emissions by 2050, consistent with its commitment to the United Nations Global Compact (UNGC) Business Ambition for 1.5°C.

Procuring renewable energy

Moody’s successfully met its commitment to procure 100% renewable electricity for its global operations through renewable energy certificates.

Advancing its science-based targets

In 2020, Moody’s exceeded its 50% reduction target in Scope 1 and 2 GHG emissions by 2030, largely through the procurement of renewable electricity. The Company also exceeded its 15% reduction target in Scope 3 GHG emissions by 2025 from fuel and energy-related activities, business travel and employee commuting. Moody’s will continue to work towards achieving its target reductions by the designated year. Additionally, Moody’s made strong progress against its supplier engagement target, with 26% of suppliers by spend now committed to science-based targets.

View the full 2020 TCFD report.

ABOUT MOODY’S CORPORATION

Moody’s (NYSE:MCO) is a global 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 11,500 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.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

SHIVANI KAK
Investor Relations
212.553.0298
shivani.kak@moodys.com

JORDAN BRUECKNER
Communications
212.553.7931
jordan.brueckner@moodys.com

About Business Wire

Business Wire
Business Wire



Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

iProov Achieves Record-breaking Growth as Demand for Genuine Presence Assurance ™ Soars29.7.2021 06:01:00 CEST | Press release

iProov, world leader in secure biometric authentication technology, today announced record-breaking growth in the first half of 2021. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210728006091/en/ iProov's Genuine Presence Assurance™ technology verifies that an online user is the right person, a real person, authenticating right now. (Photo: Business Wire) From January to June 2021, iProov saw a 15x increase in the number of people verified using its technology versus the same time period last year. Its flagship Genuine Presence Assurance technology solidified its global market leadership, with verifications growing at a consistent rate of 25% per month worldwide. This has been driven by demand from organizations needing to verify the identity of online users to prevent fraud. iProov’s patented technology assures the genuine presence of an online user to ensure they are the right person, a real person, and authenticating ri

Wemade Co., Ltd. Announces Pre-Registration for MIR 4, an Open World K-Fantasy MMORPG29.7.2021 05:00:00 CEST | Press release

“From my battle to our war.” MIR 4, the unique open world K-Fantasy MMORPG, opens for global pre-registration on Thursday, 29 July. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210728006129/en/ Wemade 's MIR 4, the unique open world K-Fantasy MMORPG, opens for global pre-registration on Thursday, 29 July. Pre-registration will be available on MIR 4’s official website, the Google Play Store and the Apple App Store. Pre-registered users will enjoy various in-game items on launch. The game beautifully portrays the mystical and elegant life of the Orient, offering a truly singular experience for MMORPG players across the world. The global version is upgraded from the Korean in that it has adopted blockchain technology. The digital assets in MIR 4 can be made NFT or FT in order to buy, sell or trade for profit. The global release will be available in more than 170 countries on both mobile and PC. (Graphic: Business Wire) The ga

Riskified Ltd. Announces Pricing of Initial Public Offering29.7.2021 01:57:00 CEST | Press release

Riskified Ltd. (“Riskified”), a fraud management platform enabling frictionless eCommerce, today announced the pricing of its initial public offering of 17,500,000 Class A ordinary shares at a public offering price of $21.00 per Class A ordinary share. The offering consists of 17,300,000 Class A ordinary shares offered by Riskified and 200,000 Class A ordinary shares to be sold by one of Riskified’s existing shareholders. Riskified will not receive any proceeds from the sale of the shares by the selling shareholder. The underwriters will have a 30-day option to purchase up to an additional 2,625,000 Class A ordinary shares from Riskified at the initial public offering price, less underwriting discounts and commissions. The Class A ordinary shares are expected to begin trading on the New York Stock Exchange on July 29, 2021 under the ticker symbol “RSKD”. The closing of the offering is expected to occur on August 2, 2021 subject to the satisfaction of customary closing conditions. Goldm

IFF Appoints Nicolas Mirzayantz President of IFF’s Nourish Division28.7.2021 22:00:00 CEST | Press release

IFF (NYSE: IFF) today announced that Nicolas Mirzayantz, current President, Scent, has been appointed President of IFF’s Nourish division, effective September 1, 2021. Mr. Mirzayantz will succeed Kathy Fortmann, current President, Nourish, who has decided to pursue other opportunities outside of IFF. IFF veteran and current President, Global Consumer Fragrances, Christophe de Villeplee, will assume transition into the role of President, Scent. “We could not be more pleased to have Nicolas lead our Nourish division,” said IFF Chairman and CEO, Andreas Fibig. “Nicolas is joining a Nourish division with a tremendous opportunity to build on significant sales momentum and strong customer interest in IFF’s differentiated portfolio and capabilities. He has been an invaluable member of our leadership team, with an unparalleled ability to create a culture of innovation and deliver creative and winning solutions to our customers while consistently strengthening the business through growth and ma

Stilla Launches Access Program for Industry’s First Six-Color Digital PCR System28.7.2021 18:26:00 CEST | Press release

Stilla Technologies, the company innovating the next generation of digital PCR solutions for life science research and molecular diagnostics, is pleased to announce the launch of its 6-Color Digital PCR Access Program which enables early access to the industry’s first Digital PCR system featuring six fluorescent channels for providing the highest multiplexing and detection capacity available on the market today. This represents a broad portfolio expansion of the Company’s original three-color naica® system and includes reagents and digital PCR consumables, automated analytical instrumentation, and turnkey visualization software. The commercial launch of the six-color naica® system is scheduled for Fall 2021. “There is undeniable value in detecting and quantifying multiple mutations, viruses and biomarkers from a single sample. The cost versus depth tradeoffs of NGS make it impractical for the routine testing of many samples per day, while multiplex qPCR lacks the precise quantitation a

Q4 Helps Public Companies and Investment Firms Keep Their Teams Aligned and Informed28.7.2021 15:00:00 CEST | Press release

Q4 Inc. announced today it is applying its unique expertise in delivering mission-critical virtual events to help public companies, buy-side and sell-side firms build transparency, trust and excitement across a widely dispersed workforce. With the seismic shift in working models giving employees increasing flexibility to work both in remote or hybrid setups, maintaining a strong internal communications platform to globally distributed teams is vital for companies across all industries. Simultaneously, the commitment to providing a sustainable work environment and strong corporate culture continues to intensify as companies seek to implement successful ESG policies and programs. Q4’s new Corporate Town Hall subscriptions combine technology and a premium end-to-end service model to help its capital markets clients communicate strategy and best practices, provide quarterly business reviews, host sales kick-offs, and ultimately foster the inclusive culture they have worked so hard to devel

ZS Elects Pratap Khedkar to CEO28.7.2021 15:00:00 CEST | Press release

Global professional services firm ZS today announced that Pratap Khedkar, head of the firm’s global biopharmaceuticals and healthcare ecosystem practices, has been elected to CEO by the firm’s leaders. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210728005232/en/ Pratap Khedkar, CEO, ZS (Photo: Business Wire) Khedkar is the third CEO in ZS’s nearly 40-year history. He was elected by his peers, a structure ZS’s founders Andris A. Zoltners and Prabhakant Sinha established to ensure cultural continuity and to elevate leaders who embody the company’s dedication to strategy, innovation and client collaboration. He succeeds Chris Wright, who served the firm’s maximum term and will be affiliated with ZS for the next five years as part of its principal emeritus program, focusing on the projects that he’s most passionate about. Khedkar has held various leadership roles during his 21 years with ZS. Khedkar has led the firm’s global

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom