Moody’s Corporation has announced its endorsement of the principles outlined in the Say on Climate Campaign, a sustainability-focused initiative involving emissions disclosure, a comprehensive plan to manage those emissions, and a shareholder vote on the plan at its 2021 Annual Meeting of Stockholders
Moody’s is the first S&P 500 company to join the initiative, reflecting its continued leadership and commitment to climate action and corporate sustainability.
The Say on Climate campaign is sponsored by The Children’s Investment Fund Management (TCI) and The Children’s Investment Fund Foundation (UK), and seeks to implement sustainable business practices around the globe by advocating for corporate climate action plans.
“Activating a sustainable future for the environment is a core objective for Moody’s and we are proud to take a leading role in supporting the Say on Climate campaign” said Robert Fauber, incoming CEO of Moody’s Corporation.
Moody’s support of the Say on Climate campaign builds on the environmental sustainability goals it announced in 2020. Centred around science-based targets, these goals include a path to net-zero emissions by 2050 consistent with the UN’s Business Ambition for 1.5°C, as well as procurement of 100% renewable electricity and expansion of other carbon neutrality efforts. Moody’s was one of the first financial services firms to endorse and report based on the Task Force's recommendations on Climate-related Financial Disclosures (TCFD) and was featured as a case study in the TCFD 2020 Status Report.
These efforts recently resulted in an ‘A List’ ranking by CDP, the global environmental nonprofit. Moody’s is a small number of high-performing companies to achieve the highest possible score, reflecting environmental ambition, action, and transparency.
Beyond its actions as a global corporation, Moody’s drives systemic climate and sustainability action by bringing clarity on ESG risk to capital markets through credit ratings, ESG assessments, climate risk scores, sustainable bond and loan reviews, ESG specialty indices, and other risk management solutions.
