Morgan Stanley drops 2030 pledge to cut plastic pollution

Morgan Stanley appears to have backed away from a public pledge to avoid 50 million tonnes of plastic from ending up in landfills by 2030 – after removing all mentions of this target in its latest sustainability report.

The bank’s Plastic Waste Resolution was launched in 2019 to “facilitate the prevention, reduction and removal of 50 million metric tonnes of plastic waste from entering rivers, oceans, landscapes and landfills by 2030”.