Morgan Stanley commits to reach Net-Zero financed emissions by 2050

Banking giant announces commitment to providing financing, expertise and 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.”

The lack of standardized tools and methodologies around measuring and disclosing financed emissions has made reaching net-zero very challenging.

In response to this challenge, the Firm has announced its commitment to taking a leadership role in developing the tools and methodologies needed to measure and manage our carbon-related activities.

As part of that effort, the Firm has joined the Steering Committee of the Partnership for Carbon Accounting Financials (PCAF) and will seek to play a leadership role in capacity building. This will allow Morgan Stanley to develop robust and comparable metrics and methodologies for measuring financed emissions. Once done, the Firm will set its initial financed emissions reduction targets.

“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.”

With offices in more than 41 countries, this announcement could help achieve global net zero.