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Company Response

Response by Morgan Stanley

...Morgan Stanley is committed to respecting and supporting the protection and advancement of human rights. Morgan Stanley also recognizes that climate change is occurring and seeks to be a part of the solution, working alongside public policy makers, regulators, civil society and the private sector... Our Environmental Policy Statement sets forth our environmental guidelines, including diligence guidelines where indigenous tribes are impacted. Our Statement on Human Rights articulates our commitment to respect, protect, and advance human rights. Our Coal/Oil and Gas Policy Statement outlines how we evaluate transactions involving coal or oil and gas companies... 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. We engage with stakeholders, including indigenous tribes, and incorporate their perspectives and insights into our transaction review. If potentially significant issues, such as potential indigenous rights or human rights violations, are flagged, our Environmental and Social Risk Management (ESRM) Group conducts enhanced due diligence to further understand how the risks are being mitigated and how impacts are being addressed by the company... in April 2018, we announced plans to mobilize $250 billion to support low-carbon solutions by 2030. In 2018, we mobilized nearly $30 billion in capital toward this goal. We recognize the importance of these issues and are sensitive to them...

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