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CSR Takeaways for Moody's Corporation - Moody's CEO and More Featured

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All businesses have some sort of corporate social responsibility, but so go above and beyond. Moody's Corporation, heading by their CEO Raymond McDaniel helps out their community in several different …

All businesses have some sort of corporate social responsibility, but so go above and beyond. Moody's Corporation, heading by their CEO Raymond McDaniel helps out their community in several different ways, which have been outlined in this report.

Published in: Business, Economy & Finance

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  • 1. CSR TAKEAWAYS: MOODY’SCEO RAYMOND MCDANIEL DISCUSSES CORPORATE SOCIAL RESPONSIBILITY
  • 2. LETTER FROM THE CEO RAYMOND MCDANIEL OF MOODY’S“We believe that companies have a responsibility to look at theireconomic, social and environmental impact, to share their findings with others and to drive ongoingimprovements 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.”
  • 3. TRIPLE BOTTOM LINE IN PRACTICE
  • 4. PEOPLE• Moody’s Mega Math Challenge is an online competition that awards$100,000 in scholarship prizes to teams of high school students interested inmath related fields.• The Euro Challenge awards scholarships to teens with interests in economicand foreign policy.• The Autism360 program through the Moody’s Foundation helps matchchildren with autism to new treatments and research.• Over $150,000 donated to Save the Children for disaster relief in Asia andHaiti.• Moody’s matches up to $5,000 in charitable donations per employee per year• Encourages and supports employee volunteer service
  • 5. DIVERSITY AND RESPECT2010 Global Volunteer Award recipients with FoundationChair Fran laserson and CEO Raymond McDaniel
  • 6. PLANET• Moody’s supports global economic development in order tocreate sustainable management systems for globalresources.• Currently in process of creating a rating systems forMicrofinance Institutions like Kiva to encourage investors(this work is being done pro bono).• Supports leadership and education programs in New Yorkand London to raise the next generation of responsibleleaders.• Participates in the Carbon Disclosure Project• New facilities must be LEED certified.• Environmentally conscious purchasing policies.
  • 7. PROSPERITY Small Business Information Zone provides small businesses toeconomic data for free Recognized by the Clinton Global Initiative for its work withMicrofinance Institutions Moody’s Credit Market Research Fund awards grants to academicinstitutions for economic studies Third party auditors insure integrity and transparency
  • 8. CORPORATE LEADERSHIPIn 2010, The Battery Conservancy presented Moody’sCorporationwith its highest honor—the Battery Medal for CorporateLeadership.The Conservancy is a nonprofit educational organizationdedicatedto revitalizing New York’s Battery Park, and the Medal isawarded to aleader in business, government or philanthropy for their supportandcommitment to rebuilding and sustaining downtown New York.Moody’s financial support of The Battery Conservancy hasreached$225,000 and has been matched, in-kind, by employees fromMoody’s CEO Ray McDaniel accepting BatteryMedal
  • 9. PRACTICETHE MOODY’S FOUNDATION FOCUSES ON FOUR SPECIFIC AREAS FOR THEIR PROGRAMS, PLUSSOME GRANTS AWARDED TO CIVIC, OR COMMUNITY, FOCUSED ORGANIZATIONS
  • 10. 2010 FOUNDATION GRANTS
  • 11. MORE INFORMATIONhttp://www.moodys.com/sites/products/ProductAttachments/Corporate%20Social%20Responsibility.pdf