Morgan Stanley Joins Ceres Company Network
Bank to deepen commitment to sustainability integration, performance and disclosure
February 27, 2014 /3BL Media/ - Ceres announced today that its board of directors has approved Morgan Stanley, a leading global financial services firm, as the newest member of the Ceres company network. Companies that join the Ceres network strive to integrate environmental and social performance into their business strategies and initiatives and to continuously improve performance. In joining the Ceres company network, Morgan Stanley has committed to work to further improve its sustainability performance and disclosure by engaging with investors, environmental and civil society groups.
In 2013, Morgan Stanley created the Institute for Sustainable Investing with the goal of mobilizing capital to address sustainability challenges at scale, building on the firm’s existing efforts. The Institute focuses on developing sustainable investing products and solutions, thought leadership and cross-sector partnerships. As part of the Institute’s launch, Morgan Stanley announced a five-year goal of $10 billion in total client assets in investments that seek to deliver market-rate returns and positive environmental and social impact. Ceres President Mindy Lubber serves on the Institute’s Advisory Board, which is chaired by Morgan Stanley’s Chairman and CEO James Gorman.
