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Climate

Climate change is one of the most urgent global issues of our time.

We support the efforts toward more consistent and comparable disclosures, publishing our TCFD report on an annual basis, issuing our Decarbonization Plan with our targets and roadmap that reaffirm our commitment to net zero by 2040, and submitting this Plan to a stockholder advisory vote at our 2021 Annual Meeting of Stockholders.

Our climate targets and progress

Moody’s 2020 performance toward decarbonization
Validated science-based targets
50%
reduction of Scope 1 + Scope 2 by 2030 from 2019 base year
Exceeding target
OUR ACTIONS
  • 100% renewable electricity for our global operations
  • Workplace of the Future
15%
reduction of Scope 3 fuel and energy-related activities, business travel and employee commuting by 2025 from 2019 base year
Exceeding target
OUR ACTIONS
  • Internal carbon price on business travel
  • Lower emissions options for travel when possible
  • 100% renewable electricity for our global operations
  • Workplace of the Future
60%
of Moody's suppliers by spend covering purchased goods and services and capital goods to have science-based targets by 2025
In progress
OUR ACTIONS
  • Webinars for suppliers on climate
  • Targeted engagements
  • Partnership with CDP Supply Chain
100%
renewable electricity in our global operations
Meeting target
OUR ACTIONS
Procured renewable energy and purchased energy attribute certificates
 
Carbon neutrality of historical emissions from operations, employee commuting and business travel
Achieved target
OUR ACTIONS
Support certified offset projects that align with UN SDGs

Certified climate projects supporting Moody’s 2020 emissions offsets

Wind projects
Costa Rica, India
Forestation
Canada
Clean cookstoves project
Kenya

Greenhouse gas emissions performance

Scope 1 (direct)
Scope 2 (indirect – market-based)
Scope 3 (all other indirect)

Breakdown of 2020 GHG emissions

Scope 1

684

Scope 2 (market-based)

983

Scope 3

115,942

Purchased goods and services

101,600

Business travel

2,100

Capital goods

9,800

Employee commuting

2,200

Fuel and energy-related activities

181

Waste generated in operations

61

mtCO2e

117,609

Total Scope 1, 2 and 3

Partnering for climate impact

We progress climate action through several partnerships with leading organizations and campaigns, including as signatories of the Principles for Responsible Investment and participants in the UN Global Compact Action Platform on Climate Ambition.
We were the first S&P 500 company to join the “Say on Climate” campaign, which seeks to implement sustainable business plans and advocates corporate climate action. We announced our support to the “Say on Climate” campaign in our 2021 proxy statement and our stockholders supported the advisory resolution at our 2021 Annual Meeting of Stockholders which took place on April 20.
We joined the Prince of Wales’ Accounting for Sustainability (A4S) and its CFO Leadership Network, with our CFO Mark Kaye signing the A4S CFO Net Zero Statement of Support.
We were one of the first financial services companies to report our climate-related financial risks and opportunities in line with the TCFD and we continue that reporting on an annual basis. TCFD featured Moody’s as a case study in its 2020 Status Report. In addition, Moody’s Chief Credit Officer serves as a member of the TCFD, providing insight as to what might constitute “decision useful” disclosures for investors and sharing Moody’s own experience developing TCFD disclosures.
In 2020, CDP gave Moody’s an “A List” ranking for tackling climate change, the highest possible score.