Morgan Stanley to finance plastic waste reduction
Updated: Apr 28, 2019
Morgan Stanley’s Institute for Sustainable Investing has announced the launch of the Morgan Stanley Plastic Waste Resolution to develop and scale systemic solutions to tackle the global challenge of growing amounts of plastic waste. The bank hopes to prevent, reduce, and remove 50 million metric tons of plastic waste from rivers, oceans, landscapes and landfills by 2030.
To reach the targets, the bank's capital markets division will underwrite bonds to reduce plastic waste, such as the recently launched bond for Sustainable Development with the World Bank.
Its Wealth Management business will also offer a suite of low minimum portfolio strategies across the risk spectrum that seek to positively influence the United Nations Sustainable Development Goal on ocean conservation.
This article in Euromoney discusses Morgan Stanley's plans in more detail: https://www.euromoney.com/article/b1f3p8wqt3td31/blue-bonds-get-boost-from-tnc-and-world-bank