\nMoody\u2019s Corporation (NYSE: MCO) today announced its participation in launching the Net Zero Financial Services Provider Alliance<\/a> as part of the Glasgow Financial Alliance for Net Zero (GFANZ). As a founding member, Moody\u2019s commits to align all of its relevant products and services to achieve net-zero greenhouse gas emissions by 2050, in addition to reducing its own operational emissions.\n<\/p>\n
\n\u201cClimate change is the world\u2019s greatest risk multiplier and a profound challenge for economies and communities alike. The entire financial industry must take on the shared challenge of enabling an urgent shift to a resilient and sustainable economy. Aligning products and services with net-zero by 2050 will improve decision-making and accelerate the flow of capital to support the transition,\u201d said Rob Fauber, President and Chief Executive Officer of Moody\u2019s Corporation. \u201cWe are delighted to join the Net Zero Financial Services Provider Alliance as our latest step to empower organizations in making more sustainable decisions.\u201d\n<\/p>\n
\nMoody\u2019s aims to accelerate the flow of capital to support the transition to net-zero by providing financial institutions and other decision-makers with net-zero-aligned data, products, and services to identify climate risks and investments in emerging opportunities.\n<\/p>\n
\nThe company\u2019s products help market participants evaluate and integrate environmental, social, and governance (ESG) risks into capital allocation and long-term planning by:\n<\/p>\n
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- \nQuantifying the effects of ESG on credit ratings and integrating ESG factors into creditworthiness assessments;\n<\/li>\n
- \nUnderstanding and measuring ESG performance, exposure to climate and environmental risk, and strengthening and financing sustainable transition plans; and\n<\/li>\n
- \nEvaluating and managing ESG risks through scenario analysis, quantitative modelling, and stress testing.\n<\/li>\n<\/ul>\n
\nMoody\u2019s joins the Alliance alongside leading investment advisors, auditors, exchanges, index providers, ESG research and data suppliers, and proxy researchers.\n<\/p>\n
\nThe announcement extends Moody\u2019s efforts to cut emissions and tackle the growing climate crisis, and follows Moody\u2019s commitment<\/a> to achieve net-zero emissions across its operations and value chain by 2040, bringing its original target forward by 10 years. Moody\u2019s has also set and progressed on validated, interim net-zero science-based targets. Progress on these targets can be viewed in Moody\u2019s recent TCFD Report<\/a> and Stakeholder Sustainability Report<\/a>.\n<\/p>\n
\nLearn more about Moody\u2019s climate efforts on its Climate Hub<\/a>.\n<\/p>\n
ABOUT MOODY\u2019S CORPORATION<\/span><\/b><\/p>\n
\nMoody\u2019s (NYSE: MCO) is a global integrated risk assessment firm that empowers organizations to make better decisions. Its data, analytical solutions and insights help decision-makers identify opportunities and manage the risks of doing business with others. We believe that greater transparency, more informed decisions, and fair access to information open the door to shared progress. With over 11,500 employees in more than 40 countries, Moody\u2019s combines international presence with local expertise and over a century of experience in financial markets. Learn more at moodys.com\/about<\/a>.\n<\/p>\n
\u201cSAFE HARBOR\u201d STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995<\/span><\/b><\/p>\n
\nCertain statements contained in this release are forward-looking statements and are based on future expectations, plans and prospects for the business and operations of Moody\u2019s Corporation (the \u201cCompany\u201d) that involve a number of risks and uncertainties. Such statements may include, among other words, \u201cbelieve\u201d, \u201cexpect\u201d, \u201canticipate\u201d, \u201cintend\u201d, \u201cplan\u201d, \u201cwill\u201d, \u201cpredict\u201d, \u201cpotential\u201d, \u201ccontinue\u201d, \u201cstrategy\u201d, \u201caspire\u201d, \u201ctarget\u201d, \u201cforecast\u201d, \u201cproject\u201d, \u201cestimate\u201d, \u201cshould\u201d, \u201ccould\u201d, \u201cmay\u201d and similar expressions or words and variations thereof that convey the prospective nature of events or outcomes generally indicative of forward-looking statements. Stockholders and investors are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements and other information in this release are made as of the date hereof and the Company undertakes no obligation (nor does it intend) to publicly supplement, update or revise such statements on a going-forward basis, whether as a result of subsequent developments, changed expectations or otherwise, except as required by applicable law or regulation. In connection with the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995, the Company is identifying examples of factors, risks and uncertainties that could cause actual results to differ, perhaps materially, from those indicated by these forward-looking statements. Those factors, risks and uncertainties include, but are not limited to, the impact of COVID-19 on volatility in the U.S. and world financial markets, on general economic conditions and GDP in the U.S. and worldwide, and on the Company\u2019s own operations and personnel. Many other factors could cause actual results to differ from Moody\u2019s outlook, including credit market disruptions or economic slowdowns, which could affect the volume of debt and other securities issued in domestic and\/or global capital markets; other matters that could affect the volume of debt and other securities issued in domestic and\/or global capital markets, including regulation, credit quality concerns, changes in interest rates and other volatility in the financial markets such as that due to Brexit and uncertainty as companies transition away from LIBOR; the level of merger and acquisition activity in the U.S. and abroad; the uncertain effectiveness and possible collateral consequences of U.S. and foreign government actions affecting credit markets, international trade and economic policy, including those related to tariffs, tax agreements and trade barriers; concerns in the marketplace affecting our credibility or otherwise affecting market perceptions of the integrity or utility of independent credit agency ratings; the introduction of competing products or technologies by other companies; pricing pressure from competitors and\/or customers; the level of success of new product development and global expansion; the impact of regulation as an NRSRO, the potential for new U.S., state and local legislation and regulations; the potential for increased competition and regulation in the EU and other foreign jurisdictions; exposure to litigation related to Moody\u2019s Investors Service\u2019s rating opinions, as well as any other litigation, government and regulatory proceedings, investigations and inquiries to which the Company may be subject from time to time; U.S. legislation modifying the pleading standards and EU regulations modifying the liability standards applicable to credit rating agencies in a manner adverse to credit rating agencies; provisions of EU regulations imposing additional procedural and substantive requirements on the pricing of services and the expansion of supervisory remit to include non-EU ratings used for regulatory purposes; the possible loss of key employees; failures or malfunctions of our operations and infrastructure; any vulnerabilities to cyber threats or other cybersecurity concerns; the outcome of any review by controlling tax authorities of the Company\u2019s global tax planning initiatives; exposure to potential criminal sanctions or civil remedies if the Company fails to comply with foreign and U.S. laws and regulations that are applicable in the jurisdictions in which the Company operates, including data protection and privacy laws, sanctions laws, anti-corruption laws, and local laws prohibiting corrupt payments to government officials; the impact of mergers, acquisitions or other business combinations and the ability of the Company to successfully integrate such acquired businesses; currency and foreign exchange volatility; the level of future cash flows; the levels of capital investments; and a decline in the demand for credit risk management tools by financial institutions. These factors, risks and uncertainties as well as other risks and uncertainties that could cause Moody\u2019s actual results to differ materially from those contemplated, expressed, projected, anticipated or implied in the forward-looking statements are currently, or in the future could be, amplified by the COVID-19 outbreak, and are described in greater detail under \u201cRisk Factors\u201d in Part I, Item 1A of the Company\u2019s annual report on Form 10-K for the year ended December 31, 2020 and in other filings made by the Company from time to time with the SEC or in materials incorporated herein or therein. Stockholders and investors are cautioned that the occurrence of any of these factors, risks and uncertainties may cause the Company\u2019s actual results to differ materially from those contemplated, expressed, projected, anticipated or implied in the forward-looking statements, which could have a material and adverse effect on the Company\u2019s business, results of operations and financial condition. New factors may emerge from time to time, and it is not possible for the Company to predict new factors, nor can the Company assess the potential effect of any new factors on it.\n<\/p>\n
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View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210921006136\/en\/<\/a><\/span><\/p>\n
\nSHIVANI KAK
\n
Investor Relations
\n<\/i>
212.553.0298
\n
Shivani.Kak@moodys.com
\n<\/a><\/p>\nJOE MIELENHAUSEN
\n
Corporate Communications
\n<\/i>
212.553.1461
\n
Joe.Mielenhausen@moodys.com<\/a><\/p>\nKEYWORDS:<\/b> New York United States North America<\/p>\n
INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n
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