Morgan Stanley is a global investment bank, wealth manager and asset manager headquartered in New York.
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Morgan Stanley reports operational emissions with Deloitte review, but publishes financed emissions only for six lending sectors and gives no total. It left the Net-Zero Banking Alliance in January 2025, its business-travel emissions are rising, and it relies on unbundled renewable certificates and offsets for its operational carbon-neutral claim. NGO reports name it among the largest fossil-fuel financiers.
Morgan Stanley scores 29/100 (Significant gaps) on SINK's independent climate assessment, scored from public data only. Fees pay for the review, never the result. Last verified October 2026.
That places Morgan Stanley joint 634th of 847 companies scored, and joint 39th of 51 in Financial Services / Banking.
Where Morgan Stanley sits among financial services / banking peers.
Among the 51 major financial services / banking brands we've scored, Morgan Stanley is tied =39th of 51, with 2 others.
Its three lowest-scoring questions, and what the evidence didn't show.
2024 Sustainability Report publishes no waste, recycling or circularity data or targets.
No water consumption figure, target, or stewardship programme disclosed in 2024 report.
Morgan Stanley publishes PCAF-basis financed emissions for only six corporate-lending sectors (e.g.
A score changes when the evidence does. We use new published evidence at the next rescore. Evidence that isn't public can count through an evidence review.
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Get in touch →Strongest on Carbon Footprint — Operations and Transparency & Accountability (7/10, 6/10). Weakest on Resource Use & Waste and Water Impact (2/10, 2/10).
The 3 companies in the sector scoring nearest above Morgan Stanley.
Goldman Sachs reports assured operational emissions, but its Scope 1 rose 4% in 2024 and it publishes no financed-emissions total, its main footprint.
See the breakdown →UBS reports strong operational decarbonization and renewable energy procurement but undermines credibility through a decade-long pushback of net-zero targets, withdrawal of AUM alignment commitments, and unresolved links between marketed green bonds and deforestation with labour abuses in Brazil.
See the breakdown →Morgan Stanley's score has moved from 27 to 29 across 2 recorded reviews, up 2 points.
Fortune 50 re-score on methodology v2.5.17 (retail-bank Q10 exclusion only with a PCAF total); financed-emissions 0.70x floor shown
Initial score at platform launch
The formula and all 11 sources.
Same ten questions for every company. No private weighting.
SINK = (0.3 × Base + 0.7 × Performance) × Scale11 sources used in this assessment. All publicly available. Each row shows which of the ten questions it informed.
“Scope 2 Market Based 31,804 8,730”
“Climate-related risks could result in increased costs and adversely affect our operations, businesses and clients”
“We aim to reach net-zero financed emissions by 2050, with 2030 interim targets”
“These include due diligence, escalation, and guidelines for certain sectors and activities.”
“Morgan Stanley in collaboration with Stanford University have jointly launched a unique tool to enhance sustainable business practices.”
“the top “Dirty Dozen” — which also includes Wells Fargo, Royal Bank of Canada, Barclays, SMBC Group, Morgan Stanley, Goldman Sachs and Toronto-Dominion Bank”
“MS provided $11.4 billion in financing to 102 of the largest”
“Morgan Stanley on Thursday became the latest U.S. bank to withdraw from the Net-Zero Banking Alliance”
“The bank does not set absolute emissions targets.”
“The new tool calculates the impact of human-made structures on ecosystem services based on their physical footprint on the landscape.”
“Morgan Stanley has pulled out of the Net Zero Banking Alliance (NZBA)”
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Morgan Stanley is a global investment bank, wealth manager and asset manager headquartered in New York. Incorporated in Delaware in 1981 (its predecessor companies date back to 1924), it had about 83,000 employees and $70.6 billion in FY2025 net revenues.
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