Morgan Stanley

"Morgan Stanley's net zero target is to achieve net-zero financed emissions by 2050. Net Zero Tracker
This commitment was made in September 2020, making Morgan Stanley the first major U.S.-headquartered global financial services firm to do so. Net Zero Tracker
The company also has interim targets for 2030, focusing on emissions-intensive sectors in its corporate lending portfolio, including Auto Manufacturing, Energy, and Power. Net Zero Tracker
An interesting fact about their environmental policy is that it allows for traded credits (offsets) from outside its territory/value chain to meet the target, provided they are of high environmental integrity. Net Zero Tracker …"

Current Score (vs. LY)

51.2 pts (0.0)

Last Update: Dec. 12, 2023

Current Rankings

Global: #65

S&P100: #44

Financials: #9

80.0%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

49.2%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

25.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 25,18925,40028,254
Scope 2 - location-based NA178,0000
Scope 2 - market-based 166,176156,000176,164
Scope 1-2 - location-based 25,189203,40028,254
Scope 1-2 - market-based 191,365 181,400 204,418
Scope 3 24,1271,286,2400
Total - location-based 49,3161,489,64028,254
Total - market-based 215,492 1,425,440 204,418

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 2,598,6642,415,942
Methodology Pre-calculated sector intensity (revenue)Pre-calculated sector intensity (revenue)

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Morgan Stanley belongs to the sector Financials.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2MKT 90.0 2012 2022
S1S2MKT 90.0 2012 2033

Net Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2S3MKT 100.0 2012 2022 Note that all the scope 3 emissions categories are not fully covered

Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3MKT FULL 2050

Science-based Targets (SBTI)

There is no Science-Based target recorded in our database. Email us to report missing information Email

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Morgan Stanley by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits Yes
Separate targets for emission reductions and removals No
Conditions on use of offset credits
  • Must be high environmental integrity
Plans for carbon dioxide removal (CDR) Not Specified

Additional notes: Our strategy focuses on removing carbon from the atmosphere, with removal credits accounting for approximately 70% of our portfolio in 2022. We remain committed to pursuing high-quality offsets and explore the use of offset purchases to spur development in new technology.

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 5.0 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 9.0 10.0 0.0
Transparency 24.0 30.0 0.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 10.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 4.666666666666667 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 5.0 10.0 0.0
7 Targets are science-based as validated by SBTi 0.0 10.0 0.0
Commitments 19.666666666666668 40.0 0.0
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 0.0
10 Implied Temperature Rating by MSCi 7.5 10.0 0.0
Results 7.5 30.0 0.0
Total 51.2 100.0 0.0


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0 5.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 5.0 0.0 5.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? partly 2.5 / 5.0 2.5 0.0 5.0
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? partly 2.5 / 5.0 2.5 0.0 0.0
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A- 9.0 / 10.0 9.0 0.0 9.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? yes 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include an intermediate target by 2030? 2022 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include all the emissions? yes 4.0 / 4.0 4.0 0.0 0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2022 4.7 / 5.0 4.7 0.0 4.7
Target year for achieving net zero emissions for S1+S2+S3 combined? 2050 0.0 / 5.0 0.0 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? 81.3
5.0 / 5.0 5.0 0.0 5.0
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? NC 0.0 / 10.0 0.0 0.0 0.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 81.0
Actual (in %): 46.5
0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 81.3
Actual (in %): -5.5
0.0 / 5.0 0.0 0.0 0.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.8°C 7.5 / 10.0 7.5 0.0 7.5
Total 51.2 / 100.0 51.2 0.0 47.2


Available Data Sources

Reporting Year 2021 2021 2020 2019 2019 2018
Source Public Yourstake CDP Public CDP Public
Publication Year 2022 2022 2021 2021 2020 2021
Scope 1 25,189 25,189 25,400 28,254 28,300 29,816
Scope 2 - location-based NA NA 178,000 0 199,800 0
Scope 2 - market-based 166,176 166,176 156,000 176,164 176,200 183,876
Scope 1-2 - location-based 25,189 25,189 203,400 28,254 228,100 29,816
Scope 1-2 - market-based 191,365 191,365 181,400 204,418 204,500 213,692
Scope 3 24,127 1,286,240 1,286,240 0 1,374,540 0
Total - location-based 49,316 1,311,429 1,489,640 28,254 1,602,640 29,816
Total - market-based 215,492 1,477,605 1,425,440 204,418 1,532,440 213,692

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

© Vincent Manier - September 2021 About us . Keep in touch . Blog