Morgan Stanley Quietly Walks Away From Plastics Financing Goal
- Bank says decison is linked to the absence of quality data
- Morgan Stanley says it continues to support plastics solutions
Morgan Stanley no longer has an explicit financing goal to tackle plastic pollution, as the Wall Street bank quietly shelves an earlier target.
In its latest ESG report, published on Wednesday, Morgan Stanley omits an earlier pledge to facilitate the prevention, removal or reduction of 50 million metric tons of plastic waste from the environment by 2030. A web page with details that once outlined the firm’s commitment on plastics now says “we couldn’t find your page.”
