Twitter LinkedIn
    Friday, January 27
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Investments»Morgan Stanley aims to support $750 billion in low-carbon investments by 2030
    Investments

    Morgan Stanley aims to support $750 billion in low-carbon investments by 2030

    April 15, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Morgan Stanley said on Tuesday it would seek to encourage an additional $750 billion worth of spending on low-carbon solutions by 2030 under a scheme which two years ago targeted $250 billion in investment. As part of the commitment, the bank said it would escalate activities such as green-bond financing and financing companies that support clean technology and renewable energy.

    The announcement follows that of Bank of America, which expanded its commitment to green finance last week. The second largest U.S. bank said it would mobilise $1 trillion to help its push for a more sustainable economy by 2030, up from the $300 billion announced earlier.

    As investor interest surges in environmental, social and governance (ESG) issues, a fleet of companies have taken steps to improve their performance on this front. Morgan Stanley said it had deployed around $80 billion under the low-carbon initiative, since it was announced in 2018. In September, the bank had committed to reaching net-zero financed emissions by 2050.

    Read More

    Source: Yahoo Finance

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Capital ESG funds Investments Sustainability
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    Carlyle targeting $1.6B for second renewables fund

    November 18, 2022

    Vista’s latest flagship fund halfway to $20B target

    November 18, 2022

    MVM closes oversubscribed Fund VI at $500m hard cap

    November 17, 2022

    Comments are closed.

    Other Articles

    Funds advised by Apax to acquire Lutech

    March 17, 2021

    BCB Group raises USD4.5m in strategic funding round co-led by North Island Ventures and Blockchain.com Ventures

    March 6, 2021

    JP Morgan Asset Management launches Growth Equity Platform

    June 8, 2021

    Blackstone seals $6bn Home Partners deal

    June 26, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?