CSR Takeaways for Moody's Corporation - Moody's CEO and More Featured
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Transcript of CSR Takeaways for Moody's Corporation - Moody's CEO and More Featured
CSR TAKEAWAYS: MOODY’SCEO RAYMOND MCDANIEL DISCUSSES CORPORATE SOCIAL RESPONSIBILITY
LETTER FROM THE CEO RAYMOND MCDANIEL OF MOODY’S
“We believe that companies have a responsibility to look at their
economic, social and environmental impact, to share their findings with others and to drive ongoing
improvements in each of these important areas of focus.”
“The planet is our home, and Moody’s minimizes its footprint by supporting recycling and energy-
efficiency programs. Outside Moody’s offices, the company encourages and supports eco-volunteerism.
In addition, The Foundation contributes to a sustainable world by offering disadvantaged persons,
primarily women, the ability to attain financial independence through entrepreneurship.”
TRIPLE BOTTOM LINE IN PRACTICE
PEOPLE
• Moody’s Mega Math Challenge is an online competition that awards $100,000 in scholarship prizes to teams of high school students interested in math related fields.
• The Euro Challenge awards scholarships to teens with interests in economic and foreign policy.
• The Autism360 program through the Moody’s Foundation helps match children with autism to new treatments and research.
• Over $150,000 donated to Save the Children for disaster relief in Asia and Haiti.
• Moody’s matches up to $5,000 in charitable donations per employee per year
• Encourages and supports employee volunteer service
DIVERSITY AND RESPECT
2010 Global Volunteer Award recipients with Foundation Chair Fran laserson and CEO Raymond McDaniel
PLANET
• Moody’s supports global economic development in order to create sustainable management systems for global resources.
• Currently in process of creating a rating systems for Microfinance Institutions like Kiva to encourage investors (this work is being done pro bono).
• Supports leadership and education programs in New York and London to raise the next generation of responsible leaders.
• Participates in the Carbon Disclosure Project
• New facilities must be LEED certified.
• Environmentally conscious purchasing policies.
PROSPERITY
Small Business Information Zone provides small businesses to economic data for free
Recognized by the Clinton Global Initiative for its work with Microfinance Institutions
Moody’s Credit Market Research Fund awards grants to academic institutions for economic studies
Third party auditors insure integrity and transparency
CORPORATE LEADERSHIP
In 2010, The Battery Conservancy presented Moody’s Corporation with its highest honor—the Battery Medal for Corporate Leadership.
The Conservancy is a nonprofit educational organization dedicated to revitalizing New York’s Battery Park, and the Medal is awarded to a leader in business, government or philanthropy for their support and commitment to rebuilding and sustaining downtown New York.
Moody’s financial support of The Battery Conservancy has reached $225,000 and has been matched, in-kind, by employees from across the company. Moving beyond grant-making and monetary contributions, Mark Almeida, President of Moody’s Analytics, serves on the organization’s board of directors.
Moody’s CEO Ray McDaniel accepting Battery Medal
PRACTICETHE MOODY’S FOUNDATION FOCUSES ON FOUR SPECIFIC AREAS FOR THEIR PROGRAMS, PLUS SOME GRANTS AWARDED TO CIVIC, OR COMMUNITY, FOCUSED ORGANIZATIONS
2010 FOUNDATION GRANTS
MORE INFORMATION
http://www.moodys.com/sites/products/ProductAttachments/Corporate%20Social%20Responsibility.pdf