Environmental Defense Fund: Bar for Banks Rises as Morgan Stanley Commits to Net Zero by 2050
September 22, 2020
September 22, 2020
NEW YORK, Sept. 22 -- The Environmental Defense Fund issued the following statement by Senior Director Ben Ratner:
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"Morgan Stanley is the first major U.S. bank to pledge to net zero financed emissions by 2050, but it won't be the last.
"Morgan Stanley's commitment is a clear sign to shareholders that it sees the commercial opportunity to shift capital to companies with net zero commitments, strategies, and actions.
"Aligni . . .
* * *
"Morgan Stanley is the first major U.S. bank to pledge to net zero financed emissions by 2050, but it won't be the last.
"Morgan Stanley's commitment is a clear sign to shareholders that it sees the commercial opportunity to shift capital to companies with net zero commitments, strategies, and actions.
"Aligni . . .