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Company Response

Morgan Stanley's response to RAN report

[Full response attached]

...Morgan Stanley is committed to sustainability and to addressing global sustainability issues, including climate change and human rights. In July 2020, Morgan Stanley joined the Steering Committee of the Partnership with Carbon Accounting Financials (PCAF) and in September 2020, Morgan Stanley became the first major U.S. headquartered, global financial services firm to commit to achieving net-zero financed emissions by 2050. In 2020, we also published our first Task Force on Climate-related Financial Disclosures (TCFD) report. In 2021, Morgan Stanley announced an updated commitment to mobilize $750 billion to support low-carbon solutions by 2030, following our initial commitment of $250 billion announced in 2018. As we work towards net-zero financed emissions by 2050, we will continue to integrate climate risks and considerations into our business decision-making, including to our approach to fossil fuel financing, and report regularly on our actions to our stakeholders...

We recognize the importance of the issues raised and are sensitive to them. As a financial services firm, we are committed to providing financing, expertise and thought leadership to support the transition to a low-carbon world...

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