Moody’s Joins Nature-Related Financial Disclosures (TNFD) Working Group, Help Develop Reporting Framework

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LONDON–(COMMERCIAL THREAD) – Moody’s Corporation (NYSE: MCO) announced today that it has joined the Nature-Related Financial Disclosures (TNFD) Task Force, a new industry-led initiative that strives to make Significantly shift global financial flows from negative natural outcomes to positive outcomes for nature. As a member of TNFD, Moody’s will join leading organizations in key industries and geographies to develop a reporting framework and act on evolving nature risks.

“Fundamentally, Moody’s role is to help others better understand, measure and manage risk. As our own research has identified, biodiversity and nature-related risks have an impact on business performance and are increasingly important considerations in building a more sustainable future, ”said Rob Fauber, President and CEO of Moody’s Corporation. “We are excited to contribute to TNFD’s efforts as organizations increasingly seek to make better decisions and open up opportunities along their value chains. ”

Research across Moody’s has found that biodiversity and nature-related risks pose a significant threat to a wide range of industries and sectors. A report by Moody’s Investors Service found that 12 sectors with combined debt of $ 2.1 trillion, including all extractive industries, face high or very high natural capital risk. Additionally, a Moody’s ESG Solutions study found that 38% of large publicly traded companies have at least one facility associated with habitat loss, based on a sample of 5,300 companies.

Currently, financial institutions and businesses do not have complete information to help them understand how nature-related risks affect long- and short-term financial performance. The TNFD will help financial institutions and businesses integrate nature-related risks and opportunities into their strategic planning, risk management and asset allocation decisions. In the coming years, Moody’s will work with TNFD members to develop a practical framework for nature-related risks and a set of reporting guidelines.

The announcement builds on Moody’s participation in the Climate-Related Financial Disclosures Working Group (TCFD), which has established and standardized a framework for reporting climate change financial risks. It also follows Moody’s role as a founding member of the Net Zero Financial Services Provider Alliance, which is part of the Glasgow Financial Alliance for Net Zero. Moody’s also pledged to achieve net zero emissions across its operations and value chain by 2040, advancing its original 10-year target. In addition, Moody’s has set and progressed on validated interim scientific targets of net zero. Progress against these goals can be seen in the recent TCFD report and Moody’s Stakeholder Sustainability Report. Additional information on Moody’s climate efforts is available on its Climate Hub.

ABOUT MOODY’S CORPORATION

Moody’s (NYSE: MCO) is a global integrated risk assessment company that empowers organizations to make better decisions. Its data, analytical solutions and knowledge help decision makers identify the opportunities and manage the risks of doing business with others. We believe that greater transparency, more informed decisions and fair access to information open the door to shared progress. With more than 11,500 employees in more than 40 countries, Moody’s combines an international presence with local expertise and over a century of experience in the financial markets. Learn more at moodys.com/about.

“SAFE HARBOR” STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

Certain statements contained in this press release are forward-looking statements and are based on future expectations, plans and prospects for the business and operations of Moody’s Corporation (the “Company”) which involve a number of risks and uncertainties. Such statements may include, but are not limited to, “believe”, “expect”, “anticipate”, “intend”, “plan”, “” aspire “,” target “,” anticipate “,” project “,” estimate “,” should “,” could “,” could “and similar expressions or words and their variations which reflect the forward-looking nature of events or results generally indicative of forward-looking statements. warned not to place undue reliance on these forward-looking statements. The forward-looking statements and other information contained in this press release are made as of the date hereof and the Company assumes no obligation (and does not intend) to complete, to publicly update or revise these statements in the future, whether as a result of subsequent developments, changed expectations or otherwise, except as required by applicable law or regulation. security ‘of the lo i Private Securities Litigation Reform Act of 1995, the Company identifies examples of factors, risks and uncertainties that could cause actual results to differ, possibly materially, from those shown in these forward-looking statements. . These factors, risks and uncertainties include, but are not limited to, the impact of COVID-19 on the volatility of the US and global financial markets, on general economic conditions and GDP in the United States and around the world, and on the operations and personnel of the Company. . Many other factors could cause actual results to differ from Moody’s outlook, including credit market disruptions or economic downturns, which could affect the volume of debt and other securities issued in domestic capital markets and / or global; other matters that could affect the volume of debt and other securities issued in national and / or global capital markets, including regulation, credit quality issues, changes in interest rates and ‘other volatilities in financial markets such as that due to Brexit and uncertainty as companies abandon LIBOR; the level of merger and acquisition activity in the United States and abroad; the uncertain effectiveness and possible collateral consequences of US and foreign government actions affecting credit markets, international trade and economic policy, including those related to tariffs, tax agreements and trade barriers; market concerns affecting our credibility or otherwise affecting market perceptions of the integrity or usefulness of independent credit rating agencies’ ratings; the introduction of competing products or technologies by other companies; price pressure from competitors and / or customers; the level of success of new product development and global expansion; the impact of regulation as an NRSRO; the potential for new US, state and local laws and regulations; the potential for increased competition and regulation in the EU and other foreign jurisdictions; exposure to litigation relating to Moody’s Investors Service rating opinions, as well as any other litigation, government and regulatory proceedings, inquiries and inquiries to which the Company may be subject from time to time; US legislation amending advocacy standards and EU regulations amending the liability standards applicable to credit rating agencies in a manner unfavorable to credit rating agencies; provisions in EU regulations imposing additional procedural and substantive requirements on the pricing of services and expanding the supervisory mandate to include non-European ratings used for regulatory purposes; the possible loss of key employees; failures or malfunctions of our operations and infrastructure; any vulnerability to cyberthreats or other cybersecurity issues; the outcome of any review by regulatory tax authorities of the Company’s global tax planning initiatives; exposure to potential criminal penalties or civil remedies if the Company fails to comply with applicable foreign and US laws and regulations in the jurisdictions in which the Company operates, including data protection and privacy laws, sanctions laws, anti-corruption laws and laws prohibiting corrupt payments to government officials; the impact of mergers, acquisitions or other business combinations and the Company’s ability to successfully integrate these acquired businesses; currency and exchange volatility; the level of future cash flows; levels of capital investment; and a decrease in demand for credit risk management tools by financial institutions. These factors, risks and uncertainties as well as other risks and uncertainties that could cause Moody’s actual results to differ materially from those envisaged, expressed, projected, anticipated or implied in the forward-looking statements are currently, or could be, in the future. future, magnified by the COVID-19 outbreak, and are described in more detail under “Risk Factors” in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the fiscal year ended. December 31, 2020 and in other documents filed by the Company from time to time with the SEC or in documents incorporated therein or incorporated therein. Shareholders and investors are warned that the occurrence of any of these factors, risks and uncertainties may cause the actual results of the Company to differ materially from those envisaged, expressed, projected, anticipated or implied in the forward-looking statements, which could have a material and unfavorable impact on the business, results of operations and financial condition of the Company. New factors may emerge from time to time, and it is not possible for the Company to predict new factors, nor can the Company assess the potential effect of any new factor on it.


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