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Morgan Stanley to Show How Loans Contribute to Climate Change

Morgan Stanley digital signage is displayed on the exterior of the company's headquarters in New York.
Photographer: Eric Thayer/Bloomberg

Morgan Stanley will begin reporting the carbon emissions resulting from its lending and investments, providing greater clarity than any of its major American peers on how the bank contributes to climate change.

The firm became the first major U.S. bank to join the Partnership for Carbon Accounting Financials, Morgan Stanley said in a statement Monday. The group’s 66 formal members, which represent more than $5.3 trillion in assets, are working to push the finance industry toward contributing to the goals of the Paris climate accord.