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Moody's Corp

Common Name
Moody's
Country
United States
Sector
Financial Services
Industry
Financial Data & Stock Exchanges
Employees
15,952
Ticker
MCO
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Moody's Corporation is a leading financial services company specializing in credit ratings, risk analysis, and research. Its primary function is to evaluate the creditworthiness of various entities, p...

Moody's's GHG Emissions Data Preview

In 2024, Moody's completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Moody's has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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0000000
Total Scope 2
Market-Based
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a
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a
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a
0000000
Location-Based
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a
0000000
Total Scope 3
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a
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a
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a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
0000000
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$curl "https://tracenable.com/api/v1/ghg-emissions/absolute?ticker=MCO&reporting_period=2024"

Verified Sources Behind Moody's’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Moody's’s data sources below and access millions more through our Disclosure Search.

a. Moody's's Sustainability Data Spreadsheet 2024
a. Moody's's Sustainability Data Spreadsheet 2024

Insights into Moody's's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofMoody's amounted to7,300metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Moody'sdecreased by 3.13%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Moody's's Scope 1 Emissions Over Time

20192020202120222023202404509001.35 k1.8 ktCO2e-47%-7%-5%-25%+5%
  • Total Scope 1
  • Year-over-Year Change

What are Moody's's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Moody's were 641 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Moody's reduced its Scope 1 emissions over time?

Since 2019, Moody's's Scope 1 emissions have decreased by 63.25%, reflecting a declining long-term trend in Scope 1 emissions over time.a

Compared to the previous year(2023), Moody's's Scope 1 emissions increased by 5.08%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a

What are Moody's's Scope 2 emissions?

In 2024, Moody's reported Scope 2 greenhouse gas (GHG) emissions of 254 tCOâ‚‚e using the market-based method and 6,659 tCOâ‚‚e using the location-based method.a

Has Moody's reduced its Scope 2 emissions over time?

Since 2019, Moody's's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 52.55%, reflecting a declining long-term trend in Scope 2 emissions over time.a

Compared to the previous year(2023), Moody's's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Moody's's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Moody's use for Scope 2 reporting?

In 2024, Moody's reported its Scope 2 emissions using the market-based method and using the location-based method.a

Moody's's Scope 2 Emissions Over Time

20192020202120222023202404 k8 k12 k16 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Moody's's Value Chain Emissions

In 2024, Moody's reported 123,890 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Moody's includes a breakdown across 7of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Moody's's Scope 3 Emissions Over Time

201920202021202220232024050 k100 k150 k200 ktCO2e-40%+10%+12%+1%-11%
  • Total Scope 3
  • Year-over-Year Change

What are Moody's's Scope 3 emissions?

In 2024, Moody's reported total Scope 3 emissions of 123,890 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 95.8%of these emissions originated from upstream activities such as purchased goods and capital goods, while 4.2%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Moody's reduced its Scope 3 emissions over time?

Since 2019, Moody's's Scope 3 emissionshave decreased by 33.84%, reflecting a declining long-term trend in Scope 3 emissions over time.a

Compared to the previous year (2023), Moody's's Scope 3 emissions decreased by 11.24%, highlighting the company's efforts to lower indirect emissions from its value chain.a

What categories of Scope 3 emissions does Moody's disclose?

In 2024, Moody's reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol.a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Moody's's Scope 3 emissions?

In 2024, the largest contributors to Moody's's Scope 3 emissions were:a

  • Purchased Goods and Services (Cat. 1): 78,100 tCOâ‚‚e(63.04%)
  • Business Travel (Cat. 6): 30,800 tCOâ‚‚e(24.86%)
  • Capital Goods (Cat. 2): 6,200 tCOâ‚‚e(5%)

Moody's's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(24.9%)Capital Goods(Cat. 2)(5.0%)Purchased Goods andServices (Cat. 1)(63.0%)

Insights into Moody's’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Moody's reported Scope 1 greenhouse gas (GHG) emissions of 641 tCOâ‚‚e and total revenues of USD 7,091 millions. This translates into an emissions intensity of 0.09 tCOâ‚‚e per millions USD.a

Moody's's Scope 1 Emissions Intensity Compared to Peers

202002,00010,000100,000Scope 1 Emissions (tCO2e)5002,0005,00020,00050,000Revenues (Millions of USD)Ares ManagementYear: 2024Scope 1: 1,166 tCO2eRevenue: $M 3,885Scope 1 Intensity: 0.30 tCO2e/$MNasdaqYear: 2024Scope 1: 79 tCO2eRevenue: $M 7,383Scope 1 Intensity: 0.01 tCO2e/$MSoFi TechnologiesYear: 2024Scope 1: 293 tCO2eRevenue: $M 2,613Scope 1 Intensity: 0.11 tCO2e/$MS&P GlobalYear: 2024Scope 1: 2,268 tCO2eRevenue: $M 14,211Scope 1 Intensity: 0.16 tCO2e/$MCME GroupYear: 2024Scope 1: 240 tCO2eRevenue: $M 6,122Scope 1 Intensity: 0.04 tCO2e/$MDun & BradstreetYear: 2024Scope 1: 634 tCO2eRevenue: $M 2,381Scope 1 Intensity: 0.27 tCO2e/$MIntercontinental ExchangeYear: 2024Scope 1: 5,212 tCO2eRevenue: $M 11,760Scope 1 Intensity: 0.44 tCO2e/$MFactset Research SystemsYear: 2024Scope 1: 2,652 tCO2eRevenue: $M 2,203Scope 1 Intensity: 1.20 tCO2e/$MKKR & CoYear: 2024Scope 1: 1,860 tCO2eRevenue: $M 21,628Scope 1 Intensity: 0.09 tCO2e/$MMSCIYear: 2024Scope 1: 543 tCO2eRevenue: $M 2,856Scope 1 Intensity: 0.19 tCO2e/$MZions BancorporationYear: 2024Scope 1: 2,845 tCO2eRevenue: $M 3,130Scope 1 Intensity: 0.91 tCO2e/$MCboe Global MarketsYear: 2024Scope 1: 81 tCO2eRevenue: $M 4,091Scope 1 Intensity: 0.02 tCO2e/$MRegions FinancialYear: 2024Scope 1: 6,004 tCO2eRevenue: $M 7,083Scope 1 Intensity: 0.85 tCO2e/$MFifth Third BancorpYear: 2024Scope 1: 9,449 tCO2eRevenue: $M 8,253Scope 1 Intensity: 1.14 tCO2e/$MAflacYear: 2024Scope 1: 2,850 tCO2eRevenue: $M 19,128Scope 1 Intensity: 0.15 tCO2e/$MCincinnati FinancialYear: 2024Scope 1: 14,273 tCO2eRevenue: $M 11,337Scope 1 Intensity: 1.26 tCO2e/$MLincoln NationalYear: 2024Scope 1: 2,137 tCO2eRevenue: $M 17,988Scope 1 Intensity: 0.12 tCO2e/$MAmeriprise FinancialYear: 2024Scope 1: 5,435 tCO2eRevenue: $M 17,265Scope 1 Intensity: 0.31 tCO2e/$MMorningstarYear: 2024Scope 1: 239 tCO2eRevenue: $M 2,274Scope 1 Intensity: 0.11 tCO2e/$MState StreetYear: 2024Scope 1: 4,813 tCO2eRevenue: $M 12,917Scope 1 Intensity: 0.37 tCO2e/$MTransUnionYear: 2024Scope 1: 286 tCO2eRevenue: $M 4,181Scope 1 Intensity: 0.07 tCO2e/$MPNC Financial Services GroupYear: 2024Scope 1: 28,268 tCO2eRevenue: $M 20,808Scope 1 Intensity: 1.36 tCO2e/$MReinsurance Group of AmericaYear: 2024Scope 1: 422 tCO2eRevenue: $M 21,979Scope 1 Intensity: 0.02 tCO2e/$MBlackstoneYear: 2024Scope 1: 466 tCO2eRevenue: $M 10,939Scope 1 Intensity: 0.04 tCO2e/$MMoody'sYear: 2024Scope 1: 641 tCO2eRevenue: $M 7,091Scope 1 Intensity: 0.09 tCO2e/$M

How does Moody's's GHG emissions intensity compare to its peers?

In 2024, Moody's reported a Scope 1 emissions intensity of 0.09 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.17, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a

Where does Moody's rank on GHG emissions intensity within its industry?

In 2024, Moody's ranked 8 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

Moody's is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into Moody's's Total Carbon Footprint

In 2024, Moody's reported a total carbon footprint of 131,190 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 10.83% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a

The largest contributor to Moody's's total carbon footprint was Scope 3 emissions, accounting for 94.44% of the company's total carbon footprint, followed by Scope 2 emissions at 5.08%.a

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