Morgan Stanley

Morgan Stanley's reported carbon emissions

Morgan Stanley, a leading financial intermediation services firm headquartered in the US, reported total GHG emissions of approximately 133,863,000 kg CO2e for 2024. This figure encompasses Scope 1, 2, and 3 emissions. For 2023, their total emissions were approximately 154,294,000 kg CO2e. In terms of reduction targets, Morgan Stanley has committed to a science-based target to achieve net-zero emissions across its value chain by 2050. They have also set a target to reduce Scope 1 and 2 emissions by 42% by 2031 from a 2021 baseline. Furthermore, they aim to source 100% renewable energy by 2023 at all directly managed corporate sites worldwide and maintain carbon neutrality at these sites. Historically, Morgan Stanley reported a 41% reduction in global GHG emissions by year-end 2022 from a 2012 baseline. They also aimed for a 20% reduction in energy usage by 2022 from a 2012 baseline, on an absolute basis, for both Scope 1 and Scope 2. The company has also indicated a long-term science-based target for Scope 1 emissions to achieve a 72% absolute emissions reduction by 2050 from 2010 levels.