Information services and risk assessment firm Moody’s Corporation announced today a new commitment to achieve net zero emissions across its operations and value chain by 2040, pulling forward its prior net zero goal by ten years.

Moody’s also announced that it has been selected as a 2021 Global Compact LEAD company. The United Nations Global Compact (UNGC) is a consortium of companies and organizations across the globe committed to aligning their strategies and operations with a series of ten principles on human rights, labor, environment, and anti-corruption, and to take strategic action to advance broader societal goals such as the 17 UN SDGs. Global Compact LEAD companies are identified for high levels of engagement as a Participant of the UNGC.

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Rob Fauber, President and Chief Executive Officer of Moody’s Corporation, said:

“The global economy is fundamentally realigning due to climate risk, and the transformation will affect us all. Given the urgency of the need to adapt, we are accelerating Moody’s net-zero target, and continue to embed climate risk and sustainability into everything we do.”

Moody’s accelerated ambition adds to the company’s climate goals, announced last year, including a commitment to remain carbon neutral on an annual basis, and to procure 100% renewable electricity for its global operations.