China energy storage network: according to the plan to achieve carbon neutrality by 2022, Morgan Stanley will pursue 100% of the global business's demand for electricity from renewable sources.
Morgan Stanley will strive to achieve its goals by reducing energy consumption by 20 percent, improving energy efficiency and deploying renewable energy facilities.
The company will also consider electricity purchase agreements, renewable energy credits and carbon offsets.
Morgan Stanley has cut its carbon footprint by 36 per cent since 2006 and completed its previous target for carbon dioxide emissions in advance.
Since 2006, the company has allocated $75 billion to fund clean energy and renewable energy businesses.
Under the company strategy, Morgan Stanley will be a member of the RE100 renewable energy initiative.
The RE100 initiative is a global, collaborative business initiative launched by the climate group to work with the carbon information disclosure project (CDP) to promote the demand and supply of renewable energy.