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Company Response

Morgan Stanley's response

[Full response attached]

...Morgan Stanley recognizes that global sustainability challenges, including human rights, resource scarcity and climate change, can result in significant impacts if left unaddressed...Morgan Stanley is committed to being a responsible corporate citizen, respecting human rights and supporting the protection and advancement of human rights. Morgan Stanley also recognizes that climate change is an economic reality and a growing risk and opportunity...Our Environmental and Social Policy Statement sets forth environmental and social guidelines, including consideration of human rights and climate change, which are incorporated into our transaction due diligence process, our engagement with companies, our supplier expectations, and our own operations...we analyze environmental and social risks through our due diligence processes that incorporate international frameworks, such as the International Finance Corporation's Performance Standards and Equator Principles...In terms of climate change, Morgan Stanley recognizes the benefits of helping to reduce greenhouse gas emissions as climate change poses significant risks to the global economy. Morgan Stanley seeks to support the transition to a low-carbon economy through policies, activities, products and services that help mitigate climate risks and catalyze market-driven, low-carbon innovation...in April 2018, we committed to mobilize $250 billion to support low- carbon solutions by 2030. We have mobilized approximately $80 billion in capital toward this goal, including over $50 billion in 2019...

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