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Ivan Frishberg

Senior Vice President
Chief Sustainability Officer
Washington, D.C.

202-721-8271
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Today, we are taking a huge step forward in this work by setting formal targets that strive to achieve net zero emissions in both our financing and operations. Our Net Zero Climate Targets Report outlines our plan for how we expect to build and align with a climate safe future.

Morgan Stanley’s announcement that they are joining the Partnership For Carbon Accounting (PCAF) is evidence of the gradual shift in the banking sector towards meaningful climate action. It is also a big victory for values based banking and for all those clients and customers who have decided to put their money where their values are.

Today, we became the first bank in the United States to endorse the United Nation’s Principles for Responsible Banking. The Principles for Responsible Banking provide the framework for the sustainable banking system of the future.

While sitting in your living room at home, a 0.9 Fahrenheit degree increase in temperature might not send you running to crank up the air conditioner but when it comes to permanently heating the entire planet, it has the potential to cause some serious problems.

Last week, the Environmental Protection Agency announced a framework for a complete overhaul of pollution regulations on coal-burning power plants. These regulations, which come just weeks after a proposal to freeze anti-pollution and fuel efficiency standards for cars, is a considerable rollback of Obama’s Clean Power Plan...