Morgan Stanley is making remarkable progress towards its goal of financing sustainable and low-carbon investments. They have already allocated $700 billion, with over $550 billion dedicated to green initiatives. This includes clean energy, carbon removal, and social housing. Other major banks like Goldman Sachs and Citigroup are also prioritizing clean energy. While critics argue that more is needed, the financial sector’s focus on sustainable finance signals a commitment to a greener future.
Resource: https://esgnews.com/morgan-stanley-reaches-70-of-1-trillion-esg-funding-goal/