Morgan Stanley has announced a new commitment to reach net-zero financed emissions by 2050. The financial giant has expressed its commitment to providing financing, expertise and thought leadership to support the transition to a low-carbon world.
Morgan Stanley is also committing to taking a leadership role in developing the tools and methodologies needed to measure and manage its carbon-related activities in appropriate ways. As part of that effort, it recently joined the Steering Committee of the Partnership for Carbon Accounting Financials (PCAF) and will seek to play a leadership role in capacity building. As soon as consistent, robust and comparable metrics and methodologies are available, Morgan Stanley will set its initial financed emissions reduction targets while continuing to help find solutions for its clients.
“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.”
Morgan Stanley is also a current member of the Race to Zero campaign, you can find more information on their climate actions here.
Find out how to join the Race to Zero here.