Morgan Stanley

InfluenceMap Score
D+
Performance Band
53%
Organisation Score
50%
Relationship Score
Sector:
Financials
Head​quarters:
New York, United States
Official Web Site:
Wikipedia:

Climate Lobbying Overview: Morgan Stanley has positive top-line communications on climate policy, though with limited direct engagement. Morgan Stanley also appears to support the continued role of oil and gas in the energy mix, despite top-line support for decarbonization.

Top-line Messaging on Climate Policy: Morgan Stanley appears to have positive top-line communications on climate change policy. The company supported emissions reductions in line with the 1.5°C goal of the Paris Agreement in its Methodology for 2030 Interim Financed Emissions, published in November 2021. The company also supports the Paris Agreement on its corporate website, accessed in April 2022. In two tweets in February 2020 and September 2021, Morgan Stanley supported the goal of reaching net-zero emissions by 2050, and reiterated support for the goal in a January 2021 C2ES Joint Letter.

Morgan Stanley has shown top-line support for government regulation of climate policy. In its 2020 TCFD Report, the company stated support for the “development of effective regulatory policies to address climate change.” The company reiterated its support in a January 2021 C2ES Joint Letter, and in an October 2021 joint Statement of the Climate Solutions Working Group, a group of U.S. Chamber of Commerce members seeking to engage the organization on climate policy. Morgan Stanley also supported pricing carbon into the economy in its 2020 TCFD Report, stating that “Morgan Stanley supports appropriate policies ... including a price on carbon”.

Engagement with Climate-Related Regulations: Morgan Stanley has exercised low engagement on climate change regulations in recent years. In its 2021 CDP response, the company appeared to support the implementation of a U.S. carbon tax via its contribution to a Business Roundtable policy position paper. Morgan Stanley does not disclose its position on any other climate policies.

Positioning on Energy Transition: Morgan Stanley supports decarbonization and the transition to a low carbon economy, but also appears to support the continuation of oil and gas in the long-term energy mix. In the company’s 2030 Interim Financed Emissions Targets report, published in November 2021, Morgan Stanley stated that “the low-carbon transition will require continued oil and gas use for many years to come.” Despite this, in its 2020 Sustainability Report and 2020 TCFD Report the company appeared to support the transition to a low carbon economy. Morgan Stanley also appeared to support a move towards a decarbonized economy in a July 2020 report by the Institute for Sustainable Investing, a subsidiary of the company. Morgan Stanley reiterated this position, and appeared to support the decarbonization of industry, in a joint Statement of the Climate Solutions Working Group published in October 2021.

Industry Association Governance: Morgan Stanley discloses a list of “examples” of its memberships to industry associations in its ‘Morgan Stanley Principal U.S. Trade Associations’ document, accessed in February 2022. However, the disclosure has no further details of the nature of Morgan Stanley’s membership to each association or their climate policy positions. In its 2021 CDP response, the company disclosed its relationships with four further industry associations, with moderate detail regarding climate policy alignment and influencing activities. However, the company failed to disclose its membership to Business Roundtable in both disclosures, and the U.S. Chamber of Commerce in its 2021 CDP response. The Business Roundtable engages with mixed positions on US climate policy, while the US Chamber of Commerce engages actively and negatively.

QUERIES
DATA SOURCES
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Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
28%
 
28%
 
49%
 
49%
 
52%
 
52%
 
55%
 
55%
 
71%
 
71%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.