Ready or not? New Moody’s report examines sector performance in a zero-carbon world LEARN MORE Time is running out Urgent action is needed to transition to a more resilient, sustainable economy and society. Moody’s works towards building a more resilient and sustainable future by providing tools to manage climate risks and by placing sustainability at the core of our business. WATCH VIDEO Explore the implications of climate change through our thought leadership Our insights bring clarity to the complex macroeconomic, financial and social impact of climate change. Key themes include... the forces driving the global energy transition building resilience and adapting to physical climate risks the role of financial institutions in enabling decarbonization EXPLORE MORE INSIGHTS NOVEMBER 16, 2021 Carbon Transition – Global: COP26 pledges point to accelerated energy transition; implementation is key hurdle Governments, financial institutions and companies made a series of pledges before and during the recent COP26 UN climate conference that add momentum toward a more rapid energy transition than previously expected. Growing collaboration between state and non-state actors has the potential to significantly accelerate the pace of the transition REPORT MOODY'S INVESTORS SERVICE NOVEMBER 9, 2021 Moody's Talks - The Big Picture: New technologies will drive the world’s net-zero ambitions Host Jennifer Wong and a panel of Moody’s Investors Service experts discuss the role of clean energy technologies – from hydrogen power to longer-lasting electric vehicle batteries, sustainable airline fuels and carbon capture and storage – in helping countries meet their net-zero carbon emissions targets. PODCAST MOODY'S INVESTORS SERVICE NOVEMBER 8, 2021 Ready or not? New Moody’s report examines sector performance in a zero-carbon world. Few issues are poised to multiply risk – or opportunity – more dramatically in capital markets than climate change. Our new report analyzes the exposure of carbon-intensive sectors to climate risk and their readiness for the transition at hand. REPORT MOODY'S NOVEMBER 7, 2021 Critical industries have substantial exposure to physical climate risks Physical climate hazards threaten business operations across all sectors globally and managing the physical risks of climate change requires an understanding of which organizations are exposed to climate hazards and how this will change over time. Based on an analysis of over 5,000 publicly-listed companies and their roughly 2 million underlying facilities, heat stress and water stress threaten the largest proportion of assets across sectors. REPORT MOODY'S ESG SOLUTIONS NOVEMBER 4, 2021 Regulated Electric and Gas Utilities – US: FAQ on the growing use of securitization bonds by investor-owned regulated utilities The increased frequency and severity of climate-related events, the early retirement of coal-fired generation and investments to enhance energy infrastructure resilience are driving greater use of securitization among regulated utilities. REPORT MOODY'S INVESTORS SERVICE NOVEMBER 4, 2021 Sub-Sovereign – Global: Demographic trends and governance failures compound water stress risks Demographic changes and weak governance will intensify water stress risks facing some regional and local governments (RLGs), particularly urban RLGs in emerging markets. Water stress threatens to hamper revenue by slowing economic development, disrupting business and trade, and exacerbating social issues such as food insecurity, inequality and disease spread. REPORT MOODY'S INVESTORS SERVICE NOVEMBER 4, 2021 Environmental Risks – Japan: Net zero commitment to accelerate emissions cuts, with mixed credit impact Japan’s goal of curbing carbon dioxide (CO2) emissions this decade, with a view to reaching net zero emissions by 2050, will have mixed credit implications across sectors. The power sector will face the largest adjustment according to the government’s Sixth Basic Energy Plan, along with the automotive, steel, oil and gas, and financial sectors. REPORT MOODY'S INVESTORS SERVICE NOVEMBER 2, 2021 Banking – Cross Region: Financial impact disclosure of banks' climate risks is progressing slowly Most large banks disclose the governance structures, policies and processes they use to manage environmental risk. However, their reporting of how climate change might affect their lending and investment portfolios remains underdeveloped. REPORT MOODY'S INVESTORS SERVICE OCTOBER 28, 2021 Climate Solutions – Global: State of TCFD Disclosures 2021 Based on our assessment of over 3,800 companies worldwide, the global average disclosure rate across all 11 Task Force on Climate-related Financial Disclosures recommendations increased to 22% in 2021 from 16% last year. REPORT MOODY'S ESG SOLUTIONS OCTOBER 26, 2021 Sovereigns – Emerging markets: Concessional and market-based financing vastly undershoots climate-resilience funding needs The IEA estimates that emerging markets will need to increase spending on clean-energy initiatives sevenfold to remain on track for net-zero emissions by 2050. But the capacity of EM governments to invest in green initiatives has been constrained since the onset of the coronavirus pandemic. REPORT MOODY'S INVESTORS SERVICE OCTOBER 21, 2021 G20 banks: Decarbonization data deep-dive - Global sustainability drive calls on banks to support shift to a low carbon economy An increase in climate-related finance regulation and disclosure rules is encouraging banks to decarbonize. Government stimulus programs will foster green infrastructure finance, creating lending and investment opportunities for G20 banks, funded in part by green and sustainability bond issuance. G20 banks’ lending exposure to carbon transition risk is $14 trillion, or 19% of their total system loans. REPORT MOODY'S INVESTORS SERVICE OCTOBER 11, 2021 Climate Risk and Commercial Real Estate Development Patterns The increasing frequency of severe weather has prompted greater awareness and concern for the effects climate risks may pose to the commercial real estate industry. In this analysis, we examine how climate risk has affected property development patterns so far. WHITE PAPER MOODY'S ANALYTICS Moody’s CEO Rob Fauber introduces new report on sector performance in a zero-carbon world Few issues are poised to multiply risk – or opportunity – more dramatically in capital markets than climate change. Hear Moody’s CEO Rob Fauber introduce our new report analyzing the exposure of carbon-intensive sectors to climate risk and their readiness for the transition at hand. WATCH VIDEO Listen and engage with our climate experts through our events Join Moody’s subject matter experts and guest speakers at our events, live and on demand, and learn more about the wide-reaching impacts of climate change on business and our society. BROWSE MORE EVENTS OCT 20, 2021 | 11:00 EDT | 16:00 BST Assessing the Physical Risk of Climate Change for Commercial Real Estate In this webinar, we will discuss the physical impact of extreme climate conditions on CRE property performance. We will show through our empirical study that catastrophic weather events have historically affected the ability of commercial properties to generate rental income. EVENT SUSTAINABILITY IN FOCUS NOV 4, 2021 | 10:00 EDT | 14:00 BST Building resilience in the age of water stress Join Moody's ESG specialists, credit rating analysts and leading experts for a discussion on opportunities for building resilience and managing water stress risk globally. EVENT SUSTAINABILITY IN FOCUS Identify, quantify, mitigate and manage climate risk Learn more about our solutions and insights. VISIT OUR CLIMATE SOLUTIONS Our sustainability efforts We support the efforts toward more consistent and comparable disclosures, publishing our TCFD report on an annual basis, issuing our Decarbonization Plan with our targets and roadmap that reaffirm our commitment to net zero by 2040, and submitting this Plan to a stockholder advisory vote at our 2021 Annual Meeting of Stockholders. EXPLORE MORE INSIGHTS CONTACT US Moody’s ESG Solutions Understand our comprehensive ESG offering MESG@moodys.com Media: Julian Knapp VP, Global ESG Communications julian.knapp@moodys.com Moody’s Investors Service: Understanding ESG in credit ratings Brian Cahill MD, Global Head of MIS ESG brian.cahill@moodys.com Climate Solutions Insights & Analysis Events Press Releases Press Coverage © 2021 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved. Privacy Policy Terms of Use