Green banking alliance on the rocks as Morgan Stanley exits

Published January 2, 2025 11:47am ET



A major green banking group is in trouble after Morgan Stanley announced its exit, joining a long list of big banks to leave the group before President-elect Donald Trump takes office.

Morgan Stanley said Thursday it would depart from the Net-Zero Banking Alliance, which organizes banks to align on reducing their carbon emissions, on net, to zero by 2050. The bank said in an email that it remains committed to net-zero goals.

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