Morgan Stanley Announces Commitment to Reach Net-Zero Financed Emissions by 2050
September 21 2020 - 7:30AM
Business Wire
Morgan Stanley today announced a new commitment to reach
net-zero financed emissions by 2050. The Firm joins many of its
clients in this strategic goal and is committed to providing
financing, expertise and thought leadership to support the
transition to a low-carbon world.
“Climate change is one of the most complex and interconnected
issues of our time,” said Audrey Choi, Chief Sustainability Officer
at Morgan Stanley. “Morgan Stanley believes we have an important
role to play in facilitating the transition to a low carbon future,
and we are proud to embark on this journey.”
A critical challenge to achieving this goal is the lack of
standardized tools and methodologies around measuring and
disclosing financed emissions. Morgan Stanley is also committing to
taking a leadership role in developing the tools and methodologies
needed to measure and manage our carbon-related activities in
appropriate ways. As part of that effort, the Firm recently joined
the Steering Committee of the Partnership for Carbon Accounting
Financials (PCAF) and will seek to play a leadership role in
capacity building. Once consistent, robust and comparable metrics
and methodologies are available, the Firm will set its initial
financed emissions reduction targets while continuing to help find
solutions for its clients.
“Morgan Stanley has been a leader in sustainable finance since
we founded our Global Sustainable Finance Group over a decade ago,”
said Matthew Slovik, Head of Global Sustainable Finance at Morgan
Stanley. “This is the next major evolution of our efforts as we
continue to integrate the potential risks and opportunities of
climate change into our core business.”
To learn more about sustainability at Morgan Stanley, please see
here.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing investment banking, securities, investment
management and wealth management services. With offices in more
than 41 countries, the Firm's employees serve clients worldwide
including corporations, governments, institutions and individuals.
For more information about Morgan Stanley, please visit
www.morganstanley.com.
About the Institute for Sustainable Investing
The Morgan Stanley Institute for Sustainable Investing (The
Institute) builds scalable finance solutions that seek to deliver
competitive financial returns while driving positive environmental
and social impact. Founded in 2013, The Institute creates
innovative financial products, thoughtful insights and capacity
building programs that help maximize capital to create a more
sustainable future. For more information about the Morgan Stanley
Institute for Sustainable Investing, visit
www.morganstanley.com/sustainableinvesting.
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version on businesswire.com: https://www.businesswire.com/news/home/20200921005255/en/
Morgan Stanley Media Relations: Katherine Stueber,
katherine.stueber@morganstanley.
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