Ratings firm Moody’s boosts climate risk analysis

Credit ratings agency Moody’s Corp. has purchased a majority stake in a company that provides data and analysis on the physical risks of climate change to corporations and their facilities, an indication of the increasing expectation that companies must voluntarily address climate risks. Moody’s July 24 announcement that it had acquired a controlling share of California-based data provider Four Twenty Seven comes as the Commodity Futures Trading Commission (CFTC) is pursuing a new effort to assess how climate change could...