Climate Change & Poverty
Sep 16, 2022Climate change is having an outsized effect on the most vulnerable communities. Here’s how scalable public and private solutions can help.
Discover Morgan Stanley's sustainability principles, objectives in the workplace and progress toward our goals. Explore how we plan to reduce energy, paper, water, single-use plastics and our carbon footprint while enhancing our supply chain and becoming a carbon neutral corporation.
Key Tenets
Corporate Services’ operational sustainability program aims to reduce the global environmental impact of our physical business operations and minimize our carbon footprint.
The program engages employees about enhanced operational performance while concretely supporting the firm's core values and reputation.
Corporate Services aims for continuous improvement and transparency, by welcoming feedback and involvement from all employees.
Our Goals and Progress
CLIMATE-RELATED TARGETS
100%Carbon Neutralby 2022
Achieve carbon neutrality in our global energy, direct emissions and corporate travel carbon footprint.
13%achieved through 2021
100%Renewable Electricityby 2022
Combine a multifaceted approach for renewable energy sources connected to the grid, renewable electricity direct to the meter and renewable electricity certificates.
17%achieved through 2021
25%Energy Reductionby 2025
Reduce consumption of all energies and advance renewable energy generation installed locally on-site.
10%achieved through 2021
RESOURCE MANAGEMENT TARGETS
100%Reduction of Single-Use Plasticsby 2024
Reduce single-use plastics and avoid lost plastics on land and in the ocean by combining the use of alternative disposables with durable reusable products.
Learn how we're tackling plastic waste
93%achieved through 2021
30%Paper Reductionby 2023
Use technology to reduce printed paper consumption and paper records for archive.
76%achieved through 2021
15%Water Reductionby 2025
Reduce water consumption through efficiencies, reclamation and conservation.
43%achieved through 2021
100%Landfill Diversionby 2025
Manage and transform office waste into an efficient corporate recycling and composting program.
69%achieved through 2021
50%LEED Certifiedby 2025
Create a high-performance built environment recognized by third-party certifications, including LEED.
25%achieved through 2021
50%Green Leasesby 2025
Obtain green lease rights and services, which align landlord and tenant incentives, to progress efficiency enhancements and conservation measures, supported with transparent performance reporting.
14%achieved through 2021
SUPPLY CHAIN TARGETS
90%Supplier Agreementby 2025
Enhance ESG supply chain by partnering with suppliers who share our environmental, social and governance values.
51%achieved through 2021
Download 2021 Performance Metrics
Operational ambition and achievement of progress, unless otherwise noted, relates to operations under Morgan Stanley control.
Goal year for respective target provides for achievement by year-end.
Results for 2021 are inclusive of measures instituted in response to COVID-19 national and local guidelines, and starred items represent goals exceeded due to the remote-working environment.
Timeline of Operational Milestones
2006
1st
public submission
First public submission of operational performance to the Carbon Disclosure Project (CDP)
2007
REDUCED
Daytime
Electrical Demand
Electrical Demand
Installation of ice storage system at 522 5th Avenue New York location reduces daytime electrical demand and decreases electric utility grid stress
2008
Earth Hour
TURN OFF THE LIGHTS
Morgan Stanley's inaugural participation in annual Earth Hour event raising awareness about climate change
2009
10%
EMISSIONS REDUCTION
Early achievement of 10% greenhouse gas emissions reduction by 2012
Set
new target of 15% greenhouse emissions reduction of all office space by 2013
2010
Optimized Infrastructure
Installation of continuous commissioning technology optimizes infrastructure performance at 1585 Broadway (New York headquarters), 522 5th Avenue and Purchase, New York locations
Carbon Disclosure Leadership
Awarded third highest placement in the S&P 500 Carbon Disclosure Leadership index
LEED
Platinum & gold LEED Building certification
One Indiabulls Center in Mumbai receives LEED Platinum certification
International Commerce Center in Hong Kong receives LEED Gold certification
2011
Eliminated
PLASTICS AND PAPER CUP DISPOSABLES IN ASIA
Single-use plastics and paper cup disposables eliminated from Asia region cafeterias and pantries.
Learn why we're reducing plastic pollution
LEED
Gold Certification
Somerset, New Jersey Data Center receives LEED Gold certification
2012
LEED
Gold certification
522 5th Avenue, New York receives LEED Gold certification
2013
720 kW
OF RENEWABLE SOLAR POWER
Installation of 720 kW solar array provides renewable power at Purchase, New York location
2014
LEED
Gold certification
Otemachi Financial City receives LEED Gold certification
250kW
fuel cell
Installation of 250 kW natural gas fuel cell provides clean power at Purchase, New York location
2016
100%
Renewable electricity
Selected 100% renewable electricity for all U.K. locations
750kW
fuel cell
Installation of 750 kW natural gas fuel cell providing clean power at 1585 Broadway, New York headquarters
2017
100%
GLOBAL CARBON NEUTRALITY AND RENEWABLE ELECTRICITY
Public commitment to achieve 100% carbon neutrality across global operations, 100% renewable electricity and 20% energy reduction globally by 2022
2018
Global Operational Sustainability Council
Council established to deliver operational sustainability across the firm to minimize our environmental impact
Carbon Dioxide Scrubbers
Installation of carbon dioxide scrubbers enhances air quality with reduced electrical consumption at 1585 Broadway, 522 5th Avenue and Purchase, New York locations
Supplier Survey
Issued ESG Questionnaire
Created the Supplier Code of Conduct (SCoC), and initiated ongoing review of supplier ESG principles and their agreement to Morgan Stanley SCoC
See our Supplier Code of Conduct
LEED
Gold Certification
Bengluru, RMZ Ecoworld Business Park in India receives LEED Gold certification
2019
Sustainability at Work
Launch of firmwide “Sustainability at Work” program
Diverted waste
100% of U.K. operations business waste diverted from landfill
1.8mW
of renewable solar power panels
Installation of 1.8 MW solar array provides renewable power at Somerset, New Jersey data center
2020
Enhancement of
Sustainability at Work
Enhancement of Sustainability at Work with bigger and bolder targets increases the ambition, scale and environmental benefit of the program
Green Lease
DELIVERING NEW MUMBAI CAMPUS
Green lease for a new Mumbai tower will adhere to sustainability business operation targets
2021
Optimized Infrastructure
Through Water Reuse and Recycling
Installation of water reclaim system at London’s 20 Bank Street, increasing cooling tower efficacy approximately 660,000 gallons per year
Carbon Neutrality Solution
Bennington Wind Farm
Morgan Stanley’s 33-turbine Bennington Wind Farm achieved operational completion, supporting North America electricity consumption equivalent to 33,000 homes
LEED
Gold Certification
329,000 square feet across New York, Maryland, and Beijing locations receive LEED gold certification
