Moody’s Investors Service, Inc

Moody's Investors Service, Inc. (Moody's) reported its latest carbon emissions data for 2025, with a total of approximately 93.1 billion kg CO2e. This figure encompasses Scope 1, 2, and 3 emissions. In 2025, Scope 1 emissions were approximately 617,000 kg CO2e, and Scope 2 emissions (market-based) were about 243,000 kg CO2e. Scope 3 emissions were dominated by purchased goods and services at approximately 81.7 million kg CO2e, followed by business travel at roughly 23.7 million kg CO2e.

In the preceding year, 2024, Moody's reported total emissions of approximately 124.8 billion kg CO2e. Scope 1 emissions were around 641,000 kg CO2e, and Scope 2 (market-based) emissions were approximately 254,000 kg CO2e. Scope 3 emissions in 2024 were primarily driven by purchased goods and services at about 78.1 million kg CO2e and business travel at approximately 30.8 million kg CO2e.

Moody's has established ambitious climate commitments. The company has committed to reducing absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 50% by 2030, using 2019 as the base year. Furthermore, Moody's aims to achieve net-zero emissions across its value chain by 2040. This includes a commitment to reduce absolute Scope 1, 2, and 3 emissions by 90% by 2040, also from a 2019 base year. In addition, Moody's has a near-term target to reduce Scope 3 GHG emissions from fuel and energy-related activities, business travel, and employee commuting by 15% by 2025, from a 2019 base year. These targets have been validated by the Science Based Targets initiative (SBTi).