Morgan Stanley has joined Goldman Sachs and Citigroup in a significant withdrawal from a United Nations-backed climate alliance. This trend raises questions about the future of corporate commitments to climate initiatives and the impact on global sustainability efforts.
Tag: Morgan Stanley
Major Financial Institutions Withdraw from UN-Backed Climate Initiative
Morgan Stanley has joined Goldman Sachs and Citi in their decision to exit a United Nations-backed climate alliance, signaling a significant shift in the engagement of major financial institutions with international climate commitments. This move raises questions about the future of such alliances and the role of financial firms in addressing climate change.