Morgan Stanley Withdraws from Net-Zero Banking Alliance, Maintains Emissions Commitment - PRESS AI WORLD
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Morgan Stanley Withdraws from Net-Zero Banking Alliance, Maintains Emissions Commitment

share-iconPublished: Thursday, January 02 share-iconUpdated: Thursday, January 02 comment-icon11 months ago
News sources:
THEHILL
Morgan Stanley Withdraws from Net-Zero Banking Alliance, Maintains Emissions Commitment

Credited from: THEHILL

  • Morgan Stanley has announced its exit from the Net-Zero Banking Alliance aimed at achieving net-zero emissions through financial practices.
  • This marks the fifth major bank to withdraw from such initiatives in recent weeks, following Citigroup, Bank of America, Goldman Sachs, and Wells Fargo.
  • Despite the withdrawal, the bank reiterates its commitment to net-zero emissions and will continue to assist clients with necessary capital and advice for reducing carbon impact.
  • The exit comes amid growing political scrutiny of environmental initiatives, particularly as new Republican leaders prepare to take office.
  • Morgan Stanley’s departure reflects a broader trend among financial institutions retreating from climate commitments seen since early this year.

For more details, visit the original article at The Hill.

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