Global risk assessment firm Moody’s announced today that it has committed to the principles of the Say on Climate campaign, becoming the first S&P 500 company to join the initiative.
The Say on Climate campaign seeks to implement sustainable business practices around the globe by advocating for corporate climate action plans. The campaign is sponsored by The Children’s Investment Fund Management (TCI) and The Children’s Investment Fund Foundation (UK).
By committing to the initiative’s principles, organizations agree to climate transparency practices including providing annual disclosure of emissions, a plan to manage those emissions, and a vote on the plan at Annual General Meetings (AGMs).
In July 2020, Moody’s announced a series of new sustainability targets, including goals for carbon neutrality, renewable energy use, and GHG emissions. The company also announced that its GHG emissions targets were validated by the Science Based Targets initiative (SBTi).
Moody’s stated that it will hold a shareholder vote on its climate plan at the company’s 2021 AGM.
Robert Fauber, incoming Chief Executive Officer of Moody’s Corporation, said:
“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.”