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Morgan Stanley plans to reduce one gigaton in carbon-dioxide emissions by 2050

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fnlondon.com

Morgan Stanley has formed a new growth-capital strategy that aims to invest $1bn to back companies that will seek to cut a total of one gigaton worth of carbon-dioxide emissions by 2050 — and the bank is tying the strategy’s performance fees to that goal.The 1GT private-equity strategy plans to back growth investments in 20 to 25 companies in areas that include mobility, power, sustainable food and agriculture, as well as the circular economy, said Vikram Raju, head of climate investing at Morgan Stanley Investment Management,...

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