Moody's Corporation

Moody's Corporation reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 1.7 Kt (-10 /-86.2% y-o-y). Also positively, carbon intensity plummeted to 0.3 t (-2.2 /-88% y-o-y).

Moody's Corporation's Scope 3 emissions took off to 116 Kt (+92/+380% y-o-y). This is a higher growth rate than over the period since 4Q'16 (+78% CAGR).

The company has not set a company-wide target for an absolute reduction in GHG emissions yet.

Moody's Corporation also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Overall Net-Zero Target Moody’s Corporation commits to reach net-zero greenhouse gas emissions across the value chain by 2040 from a 2019 base year. Near-Term Targets Moody's Corporation commits to reduce absolute scope 1 and 2 emissions 50% by 2030 from a 2019 base year. Moody's Corporation also commits to reduce absolute scope 3 GHG emissions from fuel and energy related activities, business travel, and employee commuting 15% by 2025 from a 2019 base year. Moody's Corporation further commits that 60% of its suppliers by spend covering purchased goods and services, and capital goods will have science-based targets by 2025. Long-Term Targets Moody's Corporation commits to reduce absolute scope 1, 2, and 3 emissions 90% by 2040 from a 2019 base year.