Morgan Stanley lowers climate ambition in new round of 2030 targets
"The world is not on track to meet a 1.5°C scenario."
Morgan Stanley’s new round of financed emissions reduction targets for 2030 include more sectors than before, but introduce new flexibility to reflect the fact that “the world is not on track to meet a 1.5°C scenario”.
The bank’s first medium-term financed emissions targets, published in 2021, consisted of a 35% emissions intensity reduction for auto and manufacturing clients, 29% for energy and 58% for power – all from a 2019 baseline.
