Morgan Stanley (NYSE: MS) today announced a new commitment to provide $250Bn in low-carbon financing by 2030. Contributing to this commitment are the Firm’s activities in clean-tech and renewable energy financing, sustainable bonds and other transactions that enable low-carbon solutions. As companies, governments and institutions transition to a low-carbon economy, Morgan Stanley views low-carbon financing as a win-win for business and the environment.
“This announcement reflects Morgan Stanley’s continued commitment to enabling private sector capital to find attractive opportunities in the growing market for low-carbon solutions,” said Audrey Choi, Morgan Stanley’s Chief Sustainability Officer and Chief Marketing Officer.
To date the Firm has financed more than $84Bn in transactions that support clean-tech and renewable energy since 2006. Since 2013, the Firm has underwritten sustainable bond transactions worth more than $27Bn, including the issuance of its own $500 million green bond in 2015. Governments and other entities will need to invest an estimated $90 trillion in infrastructure between 2015 and 2030 to achieve goals outlined by the Global Commission on Economy and Climate.
“Our Firm’s businesses are uniquely positioned to drive the development of low-carbon solutions in partnership with our clients,” said Jeff Holzschuh, Chairman of Institutional Securities. “Building on our experience in the space, we believe this target sets the bar for our businesses to drive impact in the growing markets for low-carbon technologies.”
This commitment will help drive capital to renewable energy development, sustainable bonds that allow companies and municipalities to advance their sustainability goals, clean-technologies and resilient infrastructure. In September 2017, the Firm also issued a commitment to source 100 percent of its global energy needs from renewable energy by 2022.
Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.
CRC: 2094358 04/2018