Moody’s Seeking Nonprofit Partners Aligned with Community Impact Strategy

Rhea-AI Summary

Moody’s Corporation (NYSE:MCO) announced its Moody’s Foundation is now accepting applications for global nonprofit partners targeting small business empowerment and ecosystem restoration in emerging markets. The initiative focuses on aiding underestimated entrepreneurs and supporting communities against ecological degradation. Interested nonprofits can apply until 5:00 pm ET on March 15. The foundation aims to foster inclusion and resilience, aligning with Moody’s corporate strategy to enhance community impact.

Positive

• Moody's Foundation is accepting applications for nonprofit partners, indicating a commitment to social impact.
• Initiatives focus on empowering small businesses and supporting ecosystem restoration, which can enhance community development and social responsibility.
• Engagement of employees in volunteer and mentorship programs could boost morale and corporate reputation.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Moody’s Corporation (NYSE:MCO) today announced that its corporate social investing arm, Moody’s Foundation, is accepting applications for global nonprofit partners aligned with its two strategic focus areas: empowering small businesses and supporting ecosystem restoration in emerging markets.

“At Moody’s, we believe that promoting inclusion and resilience fuels a more prosperous future,” said Jennifer Stula Rivera, Global Head of Community Impact at Moody’s. “We are thrilled to welcome new partners that are aligned with our strategic priorities and our mission to equip people with the knowledge and resources they need to unlock opportunity and thrive.”

“Empowering our people and communities is core to our value system, corporate strategy, and business purpose,” said David Platt, Chief Strategy Officer at Moody’s. “Our colleagues are intrinsic to the success of our volunteer and mentorship programs, and we look forward to connecting them with new partners that are making a difference in their communities.”

Moody’s Community Impact strategy addresses issues disproportionately affecting people in emerging markets. Moody’s is leveraging grants from the Moody's Foundation, implementing employee engagement initiatives such as volunteering and mentorship programs, and providing pro bono access to its products and services to support its two focus areas:

• Empowering small businesses: supporting underestimated entrepreneurs, such as women and people of color, to scale their enterprises and expand employment options and socioeconomic mobility for people in their communities.
• Supporting ecosystem restoration: providing communities vulnerable to ecological degradation with resources, services, and tools to build resilience against a changing planet.

Interested nonprofit organizations should review the Request for Proposal and take this eligibility quiz. Those proven to be eligible will be invited to submit a proposal. Applications will close at 5:00 pm ET on Wednesday, March 15.

Learn more about the Moody’s Foundation and Moody’s Community Impact programs: https://www.moodys.com/communityimpact

ABOUT MOODY’S CORPORATION

Moody’s (NYSE: MCO) is a global integrated risk assessment firm that empowers organizations to make better decisions. Its data, analytical solutions and insights help decision-makers identify 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 approximately 14,000 employees in more than 40 countries, Moody’s combines international presence with local expertise and over a century of experience in financial markets.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230214005166/en/

SHIVANI KAK

Investor Relations

212.553.0298

shivani.kak@moodys.com



CHRIS CASHMAN

Communications

+1 (212) 553-0729

chris.cashman@moodys.com

Source: Moody’s Corporation Investor Relations

FAQ

What is Moody's Foundation's new initiative announced on February 14, 2023?

Moody's Foundation is accepting applications for nonprofit partners focused on small business empowerment and ecosystem restoration.

What are the focus areas for Moody's Foundation's partner applications?

The focus areas are empowering small businesses and supporting ecosystem restoration in emerging markets.

When is the application deadline for nonprofit partners with Moody's Foundation?

The application deadline is 5:00 pm ET on March 15, 2023.

What type of nonprofits can apply to Moody's Foundation?

Nonprofits that target small business empowerment and ecosystem restoration are encouraged to apply.

What is the stock symbol for Moody's Corporation?

The stock symbol for Moody's Corporation is MCO.