Institute to Drive Capital Toward Investments Supporting Global Sustainability and Advance Innovation and Scholarship to Broaden Market-Based Approach
Submitted by: Morgan Stanley
Posted: Nov 01, 2013 – 08:30 AM EST
NEW YORK, Nov. 01 /CSRwire/ - Morgan Stanley Chairman and CEO James Gorman today announced the establishment of the Morgan Stanley Institute for Sustainable Investing. The Institute will build on Morgan Stanley’s ongoing work to advance market-based solutions to economic, social and environmental challenges, operating from the foundational principle that sustainable investment can only achieve significant scale by attracting a broad range of private sector capital. Through product innovation, thought leadership and scholarship aimed at expanding opportunities for sustainable investing, the Institute will seek to drive capital toward investments promoting sustainable economic growth.
The Institute for Sustainable Investing will pursue three focus areas: financial products and solutions that enable clients to invest in sustainability-focused strategies seeking risk-adjusted financial returns; groundbreaking thought leadership that will help mobilize capital toward sustainable investing opportunities; and strategic partnerships with the public, private and nonprofit sectors designed to build capacity and best practices within the field of scalable sustainable investing.
The Institute’s first major commitments include:
“This program takes our long partnership with Morgan Stanley to a new level,” said Michael Rubinger, LISC President and CEO. “It doesn’t just finance buildings; it fuels opportunity and focuses on quality of life. Together, we will be able to help low-income families live better and make their communities stronger and healthier.”
Terry Simonette, President and CEO of NCB Capital Impact, said, “The sustainable communities initiative is the type of transformative investment that will help ensure the financing so desperately needed to provide access to healthy foods and other critical resources in our poorest communities. We are proud to partner with Morgan Stanley on this effort.”
Through these and future initiatives, the Institute for Sustainable Investing will further Morgan Stanley’s commitment to providing individual and institutional investors with products and strategies that address sustainability challenges at scale.
Morgan Stanley Chairman and CEO James Gorman launched the Institute in a speech at Columbia Business School today. Mr. Gorman said: “Morgan Stanley is in a unique position to harness the capital markets to help address the most pressing challenges facing society today, connecting governments, investors and businesses with the capital to execute at scale. Our philosophy is clear – the most effective solutions to sustainability challenges are those that can be brought to scale. Our clients are increasingly turning their attention to what it takes to secure the lasting and safe supplies of food, energy, water and shelter necessary for sustainable prosperity.”
Mr. Gorman will chair the Institute’s Advisory Board, which will include individuals from the private and nonprofit sectors with expertise in various aspects of sustainable investing including finance, policy and management (for a list of members, see the note to editors below).
Audrey Choi, who leads Morgan Stanley’s Global Sustainable Finance group, will be CEO of the Institute for Sustainable Investing. “As the world’s population grows toward 9 billion and beyond, meeting the exponentially growing needs for quality education, healthcare, housing and security will far outstrip current models of business, government or philanthropy,” said Ms. Choi. “The Morgan Stanley Institute for Sustainable Investing is committed to playing a catalytic role in forging innovative cross-sector partnerships that develop solutions to mobilize capital efficiently and effectively to meet these challenges at scale.”
Learn more about the Institute at www.morganstanley.com/sustainableinvesting.
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,200 offices in 43 countries. Since 2006, Morgan Stanley has committed more than $7.8 billion to strengthen underserved communities. For further information about Morgan Stanley, please visit www.morganstanley.com.
Note to Editors:
The Institute for Sustainable Investing’s Advisory Board, comprised of prominent leaders from business, academia and leading NGOs, guides the Institute’s work and strategic priorities.
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