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
28
Climate
Climate change is one of the defining issues
of our time. While our business is not a major
emitter of greenhouse gas (GHG) emissions
and has a limited direct environmental
impact, we have an important role to play in
modeling proactive corporate responsibility,
setting industry standards and demonstrating
best practices. We are taking significant
steps to advance climate action by publishing
our TCFD report on an annual basis, issuing
our Decarbonization Plan with science-based
targets and a comprehensive road map,
as well as accelerating our commitment
to achieve net-zero emissions across our
operations and value chain by 2040.
CLIMATE RISKS AND
OPPORTUNITIES
We assess climate-related risks and opportunities
through a multidisciplinary risk management process
and have implemented the 11 TCFD recommendations.
Our 2021 TCFD report introduces:
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The assessment of physical risk based on employee
addresses to capture the real risk of business continuity
from a climate event due to remote work;
An advanced physical risk analysis powered by RMS, a
Moody's 2021 acquisition;
An evolved financial risk profile in the face of
climate considerations;
The incorporation of costs from renewable electricity in
the transition risk scenario analysis; and
The assessment of resiliency and climate maturity for
critical suppliers.
LINKING FINANCIALS TO OUR
CLIMATE STRATEGY
In 2021, we established our first sustainability-linked credit
facility to advance our climate targets, specifically 60%
of our 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 the net-zero economy.View entire presentation