Morgan Stanley announced last week the establishment of the Morgan Stanley Institute for Sustainable Investing, which will operate on the principle that sustainable investment can be scaled only by attracting diverse private sector capital.
The institute will focus on three areas: financial products and solutions that help clients invest in sustainability-oriented strategies seeking risk-adjusted returns; leadership that will help move capital towards sustainable investment opportunities; and partnerships with the public, private and nonprofit sectors to build capacity and best practices in the field of scalable sustainable investing.
Morgan Stanley’s institute has set a goal of $10 billion in total client assets through the Investing with Impact Platform over the next five years, as well as new product creation, the establishment of an annual fellowship program through Columbia business school and a $1 billion investment in a sustainable communities initiative to provide capital access to preserve and enhance affordable housing units at risk of deterioration.
Morgan Stanley will partner with Local Initiatives Support Corp. and NCB Capital Impact on the communities initiative.
“This program takes our long partnership with Morgan Stanley to a new level,” LISC President and CEO Michael Rubinger said. “It doesn’t just finance buildings; it fuels opportunity and focuses on quality of life. Together, we will be able to help low-income families live better and make their communities stronger and healthier.”