In 2020, we established new environmental sustainability commitments, which includes procuring 100% renewable electricity for our global operations starting in 2020, remaining carbon neutral for our operations, business travel and employee commuting on an annual basis, and retroactively offsetting our greenhouse gas emissions (GHG) to the year 2000, when Moody’s became a public company. In addition, we set science-based targets to reduce GHG emissions on the path to achieving net-zero by 2050. These targets include:
Moody’s is one of the first financial services companies to endorse and report based on recommendations from the Task Force on Climate-related Financial Disclosures (TCFD), and was featured as a case study in TCFD’s 2020 Status Report. In addition, we are the first S&P 500 company to join the Say on Climate campaign, which seeks to implement sustainable business practices around the globe by advocating for corporate climate action plans.
These efforts recently resulted in an ‘A List’ ranking by CDP for tackling climate change. Moody’s is one of a small number of high-performing companies to achieve the highest possible score, which reflects environmental ambition, action, and transparency.
In addition to our corporate-level performance, Moody’s is driving systemic climate action in capital markets. Through our acquisitions of Four Twenty Seven and V.E, we continue to integrate climate risk considerations into credit ratings, legacy products and services, and new offerings.