Morgan Stanley on Thursday announced its departure from a coalition of banks that aims to target net-zero emissions through lending and investment, the fifth group to do so in recent weeks.



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Morgan Stanley to exit global climate coalition

Morgan Stanley terminated its membership of a major climate-banking group, joining a wave of Wall Street firms that recently quit a global alliance intended to aid the reduction of greenhouse-gas emissions.

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Irish Independent

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Morgan Stanley is latest lender to quit ‘net zero’ banking group

Morgan Stanley is following other major banks like Goldman Sachs and Citi in quitting a UN-backed climate alliance as conservative backlash toward environmental and diversity initiatives ramp up.

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Morgan Stanley joins Goldman Sachs, Citi in exodus from UN-backed climate alliance

Morgan Stanley on Thursday announced its departure from a coalition of banks that aims to target net-zero emissions through lending and investment, the fifth group to do so in recent weeks. “Morgan Stanley has decided to withdraw from the Net-Zero Banking Alliance. Morgan Stanley’s commitment to net-zero remains unchanged. We aim to contribute to real-economy…

Nexstar Media Group

Morgan Stanley has terminated its membership of a major climate-banking group, joining a wave of Wall Street firms that have recently quit a global alliance intended to aid the reduction of greenhouse-gas emissions.

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South Africa

Morgan Stanley follows Citi, BofA in quitting climate group

A major green banking group is in trouble after Morgan Stanley announced its exit, joining a long list of big banks to leave the group before President-elect Donald Trump takes office. Morgan Stanley said Thursday it would depart from the Net-Zero Banking Alliance, which organizes banks to align on reducing their carbon emissions, on net, to zero by 2050. The bank said in an email that it remains committed to net-zero goals. “We aim to contribut…

Washington Examiner

Philip Anschutz

Green banking alliance on the rocks as Morgan Stanley exits - Washington Examiner

Morgan Stanley said it has quit a global climate-banking group, joining other Wall Street firms to have left an alliance designed to support the reduction of greenh…

Financial Post

Leon Cooperman

Allianz

Canada

Morgan Stanley Follows Citi, BofA in Quitting Climate Group

Morgan Stanley became the latest major bank to quit the U.N.-backed Net-Zero Banking Alliance.
On Jan. 2, the New York-based financial services company said it had “decided to withdraw” from the voluntary climate pact sponsored by the U.N. Environment Programme Finance Initiative.
In a statement, Morgan Stanley said its “commitment to net-zero remains unchanged.”
“We aim to contribute to real-economy decarbonization by providing our clients with…

The Epoch Times

Epoch Media Group

Morgan Stanley Is Latest Bank to Exit UN-backed Climate Group

Morgan Stanley said it has quit a global climate-banking group, joining other Wall Street firms to have left an alliance designed to support the reduction of greenhouse-gas emissions.

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While Morgan Stanley gave no reason for its decision, top banks have been under pressure from some U.S. Republican politicians over their membership with the Net-Zero Banking Alliance

Morgan Stanley to leave sector climate coalition

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Auch US-Großbank Morgan Stanley verlässt Klimaallianz

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US major bank Morgan Stanley also leaves climate alliance

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Morgan Stanley to exit global climate coalition

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