Moody's Corporation — full event log

~$200M (3% of total revenue) generated from ESG and climate-related offerings in 2023 across Moody's Ratings (SPOs, Net-Zero Assessments, ~120 SPOs delivered globally) and Moody's Analytics (temperature alignment data, GHG database, NGFS macro scenarios, climate-adjusted EDF, carbon transition indicators, physical risk data from RMS acquisition). Climate risk identified as a strategic growth driver.

sustainability_report p.79

$50/tCO2e internal carbon price applied to business travel emissions since 2020 (raised from $15 in 2019). Travel-related emissions are tracked using SBTi Transport Guidance (well-to-wheel). Funds allocated to renewable electricity procurement and offset purchases. Plan to roll out employee awareness campaigns favoring trains over planes and economy over business class.

sustainability_report p.82

Hybrid work program permanently reduced commuting emissions. Moody's set a science-based target to reduce Scope 3 emissions from employee commuting, business travel, and fuel-and-energy-related activities by 15% by 2025 from 2019 baseline – achieved in 2023. Car-free week photo contests and sustainable commuting awareness campaigns are ongoing.

sustainability_report p.97

Purchased goods/services + capital goods represent ~75% of Moody's 2023 footprint. Moody's SBTi-validated supplier engagement target requires 60% of suppliers by spend to set SBTs by 2025; reached 54% in 2023 (up from 25% in 2019). Joined CDP Supply Chain program in 2023, hosted webinars for top 500 suppliers, contract amendments now include SBT requirements (11 amended in 2023, raising covered spend to 18%). Sustainability Linked Facility (SLF) ties RCF cost to this target, saving $125,000 in 2023.

sustainability_report p.80

In 2023, Moody's achieved 100% renewable electricity across its entire property portfolio through renewable energy attribute certificates (EACs) and direct utility contracts, for the fourth consecutive year.

sustainability_report p.131

Moody's is a signatory of the U.N. Global Compact's coalition for the SDGs and supports the U.N. Global Compact's Climate Ambition Accelerator and Business Ambition for 1.5C.

sustainability_report p.47

Moody's is a TNFD member and contributes to defining nature-related risk measurements, informing customers about risk exposure and management. Published a TNFD Statement on environmental impacts.

sustainability_report p.47

2019, 2020 and 2021 purchased goods and services (Scope 3, Category 1) and capital goods (Scope 3, Category 2) GHG emissions were restated as a result of a change in methodology and access to improved data.

sustainability_report p.373

Third-party verification (limited assurance, ISO14064-3) covers 100% of Scope 1, Scope 2 (location & market), and all material Scope 3 categories including purchased goods/services, capital goods, FERA, waste, business travel, employee commuting and investments.

sustainability_report p.126

As part of Moody's Environmental Policy, the company committed to phase out single-use plastics from global operations, where possible by 2025.

sustainability_report p.405

Moody's achieved 100% renewable electricity globally in 2023 (fourth consecutive year). Where landlords cannot procure renewable electricity directly, Moody's procures unbundled renewable energy attribute certificates (EACs) – including wind RECs in the US/Canada (NAR), GO certificates in Spain, REGOs in the UK, I-RECs across India, China, Singapore, UAE, Brazil and others, and NFC-Renewable in Japan. Total ~18,192 MWh renewable electricity in 2023. Investment of ~$53,488 for EAC procurement.

sustainability_report p.298

Moody's retires carbon credits annually to offset Scope 1, Scope 2 (market-based), business travel and employee commuting emissions, retroactive to 2000. The 2023 portfolio of ~24,369 tCO2e retired credits included nature-based removals (Envira Amazonia REDD+, Keweenaw Bay forest carbon, UPM Blandin hardwoods, Otter Creek IFM) alongside reduction projects (Uganda safe water, Gyapa cookstoves, India solar/wind, China wind). Plans to follow SBTi guidance on neutralization and within next two years add explicit commitment on beyond-value-chain mitigation.

sustainability_report p.383

Moody's reduced energy intensity per sq ft 23% (11.7 → 9 kWh/sq ft) by retrofitting HVAC for lower GWP, fitting common areas with energy-efficient lighting, timers, and sensors, raising tech-room set-points, and limiting hot water from instant heaters. The hybrid work model permanently reduced office footprint and Scope 1/2 emissions ~281 tCO2e (-22% vs 2022). LED retrofits initiated in 2 offices in 2023 with completion in 2024.

sustainability_report p.131

Moody's became one of the first companies to have its near- and long-term net-zero emissions targets validated by the SBTi. Targets: 50% reduction in absolute Scope 1+2 by 2030 vs 2019; 15% reduction in Scope 3 (FERA, business travel, employee commuting) by 2025 vs 2019; 60% of suppliers by spend with SBTs by 2025; 90% reduction Scope 1/2/3 by 2040 from 2019 baseline.

sustainability_report p.360

In 2021, Moody's accelerated its ambition to reach net-zero emissions by 2040, a decade earlier than the previous commitment to UNGC Business Ambition for 1.5C.

sustainability_report p.376

Moody's applies an internal carbon price on business travel emissions, set at $50/mtCO2e for 2020-2023 emissions (raised from $15/mtCO2e in 2019). Funds are allocated to procure renewable electricity and offset emissions.

sustainability_report p.86