Morgan Stanley sets up Institute for Sustainable Investing
American investment bank Morgan Stanley is to set up an institute for sustainable investing.
The Morgan Stanley Institute for Sustainable Investing claims three main focus areas: financial products that enable clients to invest in sustainability-focused strategies seeking risk-adjusted financial returns; thought leadership that will help mobilize capital toward sustainable investing opportunities; and strategic partnerships with the public, private and nonprofit sectors designed to build capacity and best practices within the field of scalable sustainable investing.
The Institute’s first major commitments include setting a goal of $10bn in total client assets through Morgan Stanley’s Investing with Impact Platform in the next five years. By developing new products, thematic portfolios and sustainable investing thought leadership, it is hoped that the platform will meet the increasing client demand for opportunities to invest for positive environmental and social impact in addition to the goal of achieving risk-adjusted financial returns.
The institute will aslo establish an annual Sustainable Investing Fellowship programme at Columbia Business School that will enable a select group of graduate students to pursue thought leadership in sustainable investing, coupled with an internship at Morgan Stanley to gain hands-on experience in product innovation, thought leadership and investment strategy.