We play a pivotal role as markets transform and economies become more inclusive and sustainable.
Moody's helps market participants evaluate risk by integrating ESG considerations into capital allocations and long-term planning. To do this, we are transforming our teams and our business to be a catalyst of positive, system-wide change for better business, better lives and better solutions.
For our operations and value chain We accelerated our work to embed responsible and sustainable decision making into our business. Since announcing science-based targets in 2019, we have exceeded our GHG emissions reductions targets and increased the share of our suppliers with science-based climate targets. Bolstered by this progress, we accelerated our net-zero timeline to 2040, a decade earlier than our previous commitment. Our pre-existing sustainability targets and other metrics are integrated into the metrics used to determine the compensation of all our senior executives.
For our people and communities We took meaningful steps to care for our employees and advance diversity, equity and inclusion (DE&I) across every aspect of our business. We met and, in some cases, exceeded our diversity goals to increase representation of women at officer and entry levels globally, and Black and LatinX leaders at senior levels in the U.S. In addition, we advanced on our ambition to achieve pay equity for our workforce. Outside our four walls, we worked to improve the lives and livelihoods of our surrounding communities through the Creating Opportunities for Racial Equity (CORE) program, as well as through the donation of over $6 million in Moody’s Foundation grants, corporate charitable contributions, value of volunteer hours and employee-driven giving.
For market transformation Our solutions empower market participants to make better, more sustainable decisions. They provide greater transparency into ESG-related risks and opportunities and help our customers align investments more closely with regulatory and disclosure frameworks. Our strategic acquisitions and investments continue to expand our ESG risk monitoring and assessment capabilities. In September 2021, we acquired RMS, a leading global provider of climate and natural disaster risk modeling and analytics.
While the role of corporations has shifted amid a pending climate crisis and rising social inequalities, we have embraced an approach to sustainability that complements our mission and seeks to benefit our planet, society and all of our stakeholders.
Mark Kaye Chief Financial Officer
Sustainability at Moody’s
Sustainability has been a priority of Moody’s for over 20 years. We are embedding sustainability into everything we do—from our operations and market solutions to our people and communities. Our ongoing and wide-ranging sustainability efforts are aligned with our goal to drive system-wide change for better business, better lives, and better solutions.