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

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

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