Bar for Banks Rises as Morgan Stanley Commits to Net Zero by 2050
Statement of Ben Ratner, Senior Director, EDF+Business
“Morgan Stanley is the first major U.S. bank to pledge to net zero financed emissions by 2050, but it won’t be the last.
“Morgan Stanley’s commitment is a clear sign to shareholders that it sees the commercial opportunity to shift capital to companies with net zero commitments, strategies, and actions. Aligning its business with a net zero pathway allows a bank to manage systemic climate risk, while providing capital to companies positioned to thrive in a de-carbonizing world.
“Adopting net zero by 2050 as the north star will become the new normal for companies and investors, and we encourage other banks to follow Morgan Stanley’s lead. The real leaders will emerge based on their ability to set near-term milestones, engage key sectors, and ensure climate-friendly asset allocation.”
— Ben Ratner, Senior Director, Environmental Defense Fund
With more than 3 million members, Environmental Defense Fund creates transformational solutions to the most serious environmental problems. To do so, EDF links science, economics, law, and innovative private-sector partnerships to turn solutions into action. edf.org
Media Contact
Latest press releases
-
EDF Responds to “Irredeemably Flawed” Report That Trump Administration is Using in Effort to Eliminate Vital Climate Protections
September 4, 2025 -
New Journal Article Highlights Multibenefit Land Repurposing as an Innovative Approach to Strengthen Rural Resilience
September 3, 2025 -
EDF Joins Concerned Americans to Oppose Trump EPA Delay of Commonsense Protections from Methane Pollution
September 2, 2025 -
Trump Administration Issues Another Mandate to Extend Expensive, Polluting Michigan Coal Plant Past Retirement
August 21, 2025 -
Memo: New Polling Shows Zeldin Approval Collapse
August 21, 2025 -
EDF Experts Join Hundreds of Americans at Virtual Forum, “Vigorously” Oppose Trump EPA Attacks on Endangerment Finding, Clean Car and Truck Standards
August 20, 2025