Wednesday 29 July 2020

Ratings giant Moody’s announces new environmental commitments

Ratings giant Moody’s announces new environmental commitments

The credit risk management giant Moody's aims to halve its direct and indirect emissions by 2030.

That is part of the new environmental commitments the corporation has announced today.

Starting from this year, Moody’s has pledged to procure 100% renewable electricity for its global operations by increasing its contracts with utility suppliers whose electricity comes from a renewable source and purchasing renewable energy certificates.

The firm, which achieved carbon-neutrality for the first time in 2019, has also committed to remaining carbon-neutral on an annual basis by mitigating emissions and purchasing verified carbon offsets for emissions from its operations, employee commuting and business travel.

Mark Kaye, Chief Financial Officer of Moody’s Corporation, said: "Contributing to an environmentally sustainable global future is a key business objective for Moody’s.

"We are proud of the work we’ve done to enhance our environmental sustainability and will continue to expand and enhance our efforts to integrate best practices throughout our business, using science-based targets."

Moody's intends to reach net-zero emissions by 2050.

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Written by

Bruna Pinhoni

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