Morgan Stanley

Morgan Stanley's reported carbon emissions

In 2024, Morgan Stanley reported total carbon emissions of approximately 133.9 million kg CO2e, comprising 19.6 million kg CO2e from Scope 1, 8.7 million kg CO2e from Scope 2, and 105.4 million kg CO2e from Scope 3 emissions. This represents a significant reduction from 2023, where total emissions were approximately 154.3 million kg CO2e, with Scope 1 at 24.2 million kg CO2e, Scope 2 at 31.8 million kg CO2e, and Scope 3 at 96.0 million kg CO2e. Morgan Stanley has set ambitious climate commitments, aiming for a 20% reduction in energy usage by 2022 from a 2012 baseline, which they achieved with a 41% reduction in global GHG emissions by the end of 2022. Furthermore, the company has committed to achieving net zero emissions by 2030 across all scopes and aims for a 42% reduction in Scope 1 and 2 emissions by 2031 from a 2021 baseline. Additionally, they plan to source 100% renewable energy at all directly managed corporate sites by 2023, maintaining carbon neutrality at these locations. These initiatives reflect Morgan Stanley's commitment to addressing climate change and aligning with science-based targets, contributing to global efforts to limit temperature rise in accordance with the Paris Agreement.