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The Wall Street Journal recently reported about the newest corporate organization stepping up to support victims of Typhoon Haiyan. Moody’s Corporation has announced that it has made a $50,000 donation to the American Red Cross through The Moody’s Foundation, its philanthropic branch. According to The Wall Street Journal, the American Red Cross is part of the world’s largest humanitarian network, and the donation from Moody’s will go towards Red Cross operations providing food, shelter, and emotional support in the Philippines.
The company is known for its dedication to philanthropy, both through The Moody’s Foundation, and on an individual employee level. Moody’s CEO Raymond McDaniel explains, “Moody’s commitment to our communities encompasses our businesses, philanthropy activities and employee engagement programs, touching on all three components of the triple bottom line. They enrich the lives of the people of Moody’s, the people of the communities where we live and work and the people of the world. Employees are encouraged and rewarded for their personal philanthropy and volunteerism,” of the culture of humanitarianism fostered by the company.
Moody’s Corporation has a global reach, so its “community” spans 29 different countries where the company maintains a presence. Frances Laserson, President of The Moody’s Foundation, says, “Our thoughts are with the people of the Philippines and their families around the world as they begin to recover from this tragic event. We encourage everyone who is able to contribute to the relief and rebuilding effort,” of the ways in which the company culture inspires philanthropy in employees. It’s really heartening to witness a major corporation encouraging its employees to support important causes in any way they can. Moody’s has a long history of philanthropy and supporting disaster relief efforts; it isn’t the kind of company that only supports those in need when it becomes relevant to do so.
For more information about The Moody’s Foundation, visit www.philanthropy.moodys.com.