Morgan Stanley is set to unveil an accelerator program aimed at identifying and scaling groundbreaking innovations that promote systemic change for sustainability.
In its inaugural year, the Sustainable Solutions Accelerator will provide $250,000 each to its top five selected initiatives. Participants will gain access to Morgan Stanley’s extensive expertise, networks, and resources to help them achieve significant growth and enduring impact.
Following the first year, the innovators will join the Morgan Stanley Sustainable Solutions Collaborative, a coalition dedicated to addressing some of the most urgent sustainability challenges facing the world today.
“Addressing issues such as climate change, social justice, and plastic waste requires us to think beyond traditional business practices,” stated Audrey Choi, Morgan Stanley’s Chief Sustainability Officer and CEO of the Institute for Sustainable Investing. “Now is the time to invest in holistic solutions that represent the next frontier of sustainable investing.”
Recently, Morgan Stanley became the first major U.S. bank to commit to measuring greenhouse gas emissions associated with its loans and investment products. By joining the Partnership for Carbon Accounting Financials (PCAF), the firm aims to contribute to the development of a global accounting standard that will enable financial institutions to assess and reduce their climate impact effectively.