7/20/2020, 12:29 PM (Source: TeleTrader)
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Morgan Stanley to provide green investing data

Morgan Stanley is planning to disclose information on the impact of its investments and loans on climate change, Politico reported on Monday, adding it will be the first bank in the United States to do so.

"This is a journey, and I think that this is an incredibly important piece of it because as we all know it's harder to make people respond to something when there's no data, it's hard to have data when you don't have measurement," the bank's chief sustainability officer, Audrey Choi, said. Meanwhile, Morgan Stanley's global sustainable finance team head, Matt Slovik, added that the bank is seeking to invest $250 billion in low-carbon solutions over the next 10 years.

The comments from Morgan Stanley come as more and more calls emerge for a green recovery after the coronavirus pandemic. The world's largest asset manager, Blackrock, announced earlier this year that it is reshaping its policy to take into account climate risks.

Breaking the News / VP