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 advice and capital required to transform business models and reduce carbon intensity,” the company said in a statement.
“We will continue to report on our progress as we work towards our 2030 interim financed emissions targets.”...
