2021 Stakeholder Sustainability Report
A MESSAGE FROM OUR
PRESIDENT & CEO
2021 SUSTAINABILITY
HIGHLIGHTS
ABOUT MOODY'S
BETTER BUSINESS
BETTER LIVES
BETTER SOLUTIONS
APPENDIX
Moody's 2021 Stakeholder Sustainability Report
35
INCREASING SUPPLIER
DIVERSITY¹
We are committed to providing our suppliers with
equal access to business opportunities. Our supplier
diversity efforts focus on encouraging diverse suppliers
to bid on projects and submit proposals, selecting
qualified diverse suppliers when awarding contracts, and
enhancing our relationships by offering networking and
mentorship opportunities.
Our Supplier Diversity Program aims to increase our
partnerships with small business enterprises and businesses
owned by people of underrepresented racial and ethnic
groups, women, people with disabilities, veterans and
members of the LGBTQ+ community. We also work with
our suppliers to encourage diverse spend within their own
supply chains. We recently formally launched our Tier II
Supplier Diversity Program, which aims to identify, track
and manage the diverse spend of our top 50 suppliers.
In 2021, we added over 30 certified diverse suppliers to our
network and increased our diverse supplier spend by 15%
from 2020. For women-owned business, we increased our
spend by 52% from 2020. However, 3% of addressable
spend went to women-owned businesses, short of our 5%
goal. In 2022, we are redoubling our efforts to increase
supplier diversity.
Diverse supplier spend
As a percentage of total addressable
spend with suppliers that we do business
with directly (Tier 1).
Diverse supplier spend
Women-owned
Small businesses
1 Refers to Moody's Corporation and its wholly-owned subsidiaries.
2019
2020
2021
10%
8%
7%
0.3%
4%
3%
1%
1%
2%View entire presentation