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.
2. 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.”
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 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
5. DIVERSITY AND RESPECT
2010 Global Volunteer Award recipients with Foundation
Chair Fran laserson and CEO Raymond McDaniel
6. 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.
7. 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
8. 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
Moody’s CEO Ray McDaniel accepting Battery
Medal
9. PRACTICE
THE MOODY’S FOUNDATION FOCUSES ON FOUR SPECIFIC AREAS FOR THEIR PROGRAMS, PLUS
SOME GRANTS AWARDED TO CIVIC, OR COMMUNITY, FOCUSED ORGANIZATIONS