Preparing for a Sustainable Future

Morgan Stanley has renewed its commitment to mobilize $750 billion to support low-carbon solutions by 2030, following its initial commitment of $250 billion announced in 2018, representing a three-fold increase. The commitment builds on Morgan Stanley’s leadership position as the first large U.S. bank to commit to net-zero financed emissions by 2050 in line with the Paris Agreement, and its role as the sole large U.S. bank on the Steering Committee of the Partnership for Carbon Accounting Financials (PCAF). The firm will achieve this commitment through increased activities such as clean-tech and renewable energy finance, green bond financing and other transactions that enable a transition to a low-carbon economy.

Vice President M. Venkaiah Naidu today underlined the importance of sustainable development and said that the world needs business leaders who can look beyond short-term profit and work for long-term sustainability.