Morgan Stanley targets 'zero financed emissions' by 2050 in US first

Cecilia Keating
clock
Morgan Stanley has been one of the world's biggest investors in fossil fuels, according to green groups
Image:

Morgan Stanley has been one of the world's biggest investors in fossil fuels, according to green groups

But investment bank highlights lack of consistent CO2 methodologies for finance as 'critical challenge' for establishing near-term emissions reduction targets for its portfolio

Morgan Stanley has become the first major US bank to target 'net zero financed emissions' by 2050, with the bank yesterday announcing plans to drastically reduce its lending and underwriting of debt and...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join now

 

Already a BusinessGreen
member?

Login

More on Investment

'We will be holding companies accountable': How top investors are toughening their line on net zero pledges

'We will be holding companies accountable': How top investors are toughening their line on net zero pledges

Aviva Investors and BMO Global Asset Management are the latest big investment firms to ramp up pressure on corporates to strengthen their climate strategies

James Murray
clock 24 January 2022 • 8 min read
Net Zero Finance Summit returns for 2022

Net Zero Finance Summit returns for 2022

Net Zero Finance Summit to bring together top investors, asset managers, corporates, policymakers, and campaigners this March to explore the challenges and opportunities ahead for the fast-expanding green finance sector

BusinessGreen
clock 24 January 2022 • 2 min read
A mock-up of the Northumberland site | Credit: Britishvolt

'A major boost for Britain': Britishvolt gigafactory project secures government backing

Battery start-up Britishvolt announces it has been awarded an undisclosed sum from the Automotive Transformation Fund in principle, which has helped unlock a further £1.7bn from private investors

Cecilia Keating
clock 21 January 2022 • 2 min read