Commercial, GHG Emissions - September 21, 2020
Morgan Stanley pursuing net zero financed emissions
Morgan Stanley announced Sept. 21 that they are committed to reaching net zero financed emissions by 2050 in order to support the transition to a low-carbon economy.
The financial services firm plans to focus on leadership opportunities in developing the tools and methodologies needed to measure and manage carbon-related activities. Morgan Stanley also joined the Steering Committee of the Partnership for Carbon Accounting Financials and plans to play a leadership role in capacity building. The firm then plans to set initial financed emissions reduction targets and support the targets of their clients once these metrics and methodologies have become available.
“Climate change is one of the most complex and interconnected issues of our time,” Audrey Choi, Chief Sustainability Officer at Morgan Stanley, said in a statement. “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.”