As of 2023, Moody's has disclosed 3 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 3 absolute reduction targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Moody's ’s climate strategy, ambition level, and alignment with global decarbonization goals.
Target Type | Scope of Target | Unit | Target | Target Year |
---|---|---|---|---|
Absolute-based Target | Scope 3 - Fuel- and Energy-Related Services (Cat. 3), Scope 3 - Business Travel (Cat. 6), Scope 3 - Employee Commuting (Cat. 7) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data. | 2025 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data. | 2030 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total, Scope 3 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy restricted. Please purchase to unlock this data. | 2040 |
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As of 2023, Moody's has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.
As of 2023, Moody's has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.
Moody's's most ambitious operational target is to reduce these emissions by 50% by 2030, compared to a baseline of 15,335 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019.
Moody's has already surpassed its operational emissions reduction target, with 2023 levels falling below the 2030 value, achieving its climate goal ahead of schedule.
As of 2023, Moody's has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 3 out of the 15 Scope 3 categories defined by the GHG Protocol.
Moody's's most ambitious value chain target is to reduce these emissions by 15% by 2025, compared to a baseline of 36,600 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019.
Moody's has already surpassed its value chain emissions reduction target, with 2023 levels falling below the 2025 value, achieving its climate goal ahead of schedule.
As of 2023, Moody's has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources.
Moody's's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 186,595 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019, by 90% by 2040.
As of 2023, Moody's is ahead of schedule on its total carbon footprint reduction target, having achieved 30.76% of the planned reduction.