Morgan Stanley is the latest global financial institution to pledge to source all its electricity from renewable energy.
The bank aims to achieve carbon neutrality by 2022, which includes a 100% clean power goal.
It will also join the RE100 initiative, which is led by the Climate Group and CDP, committing to working to increase demand and delivery of renewable energy.
Morgan Stanley vice chairman Tom Nides said: “Morgan Stanley has been committed for over a decade to reducing our greenhouse gas emissions through strategic energy efficiency in our buildings and adding new renewable energy capacity to the grid from on-site power generation at our own properties.”
Earlier this week, Citigroup committed to sourcing all its energy from renewables by 2020.
Image: Morgan Stanley
