US EditionMorgan Stanley to exit global climate coalition
- The departure of these financial giants highlights the ongoing debate surrounding ESG investing and the role of private finance in the global energy transition
38 Articles
38 Articles
Morgan Stanley Joins U.S. Bank Exodus from Climate Coalition
A slew of US banks have exited a climate coalition in the days leading up to Donald Trump’s presidential inauguration. Yesterday evening, Morgan Stanley became the latest US bank to depart from the Net Zero Banking Alliance, as pressure increasingly mounted on financial institutions from Republican lawmakers. Despite leaving the alliance, Morgan Stanley said in a statement that the bank’s commitment to meeting its carbon targets “remains unchang…
Other banks such as Citigroup Inc. and Bank of America Corp, Goldman Sachs Group Inc. and Wells Fargo & Co. also withdrew from the progressive United Nations-backed group.
Wall Street Journal
BizTocBig Banks Flee Climate Coalition Formed to Reduce Carbon Emissions
Bofa and Citigroup are also leaving the finance club (NZBA) in the fight against CO2. “To prosper over time, financial performance is not enough, every company must demonstrate that it has made a positive contribution to society, for the benefit of all its stakeholders; shares...
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