- Morgan Stanley (NYSE: MS) has announced a new commitment to reach net-zero financed emissions by 2050
Morgan Stanley (NYSE: MS) has announced a new commitment to reach net-zero financed emissions by 2050. And Morgan Stanley 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.
One of the critical challenges in achieving this goal is the lack of standardized tools and methodologies around measuring and disclosing financed emissions. And 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 the effort, Morgan Stanley 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 metrics and methodologies are available, Morgan Stanley will set its initial financed emissions reduction targets while continuing to help find solutions for its clients.
KEY QUOTES:
“Climate change is one of the most complex and interconnected issues of our time. 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.”
— Audrey Choi, Chief Sustainability Officer at Morgan Stanley
“Morgan Stanley has been a leader in sustainable finance since we founded our Global Sustainable Finance Group over a decade ago. 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.”
— Matthew Slovik, Head of Global Sustainable Finance at Morgan Stanley
