Commercial, Energy Efficiency, GHG Emissions  -  May 4, 2022

Moody’s Exceeded GHG Goals

Moody’s exceeded its near-term GHG reductions targets  with a 92% reduction in Scope 1 and 2 GHG emissions and a 95% reduction in Scope 3 from a 2019 base year.

The company also made strong progress toward supplier engagement, according to a statement. Moody’s announced its net zero validated target of 90% emissions reductions in Scope 1, 2 and 3 emissions by 2040 and that it is one of the first companies to have its near- and long-term net-zero targets validated by the Science Based Targets initiative (SBTi). Moody’s also procured 100% renewable electricity.

Details about the company’s progress were published in its 2021 stakeholder sustainability report.

Moody’s also engaged nearly 500 of its top suppliers and requested they participate in the annual CDP disclosure, increased the percentage of suppliers by spend who have science-based targets to 28%; and continued to encourage diverse supplier spend through its Supplier Diversity Program. 

In 2021, the company established its first sustainability-linked credit facility to advance its climate targets, specifically 60% of Moody’s vendors by spend to have science-based targets by 2025. The $1.25 billion senior unsecured revolving credit facility includes a sustainability-linked pricing adjustment to support the global transition to a net-zero economy.