Morgan Stanley has published its 2025 Sustainable Issuance Framework, establishing a unified structure under which the US bank and its wholly owned subsidiaries may issue green, social and sustainability instruments. The framework, made available on the bank's website in early January, has been reviewed by Sustainalytics, a Morningstar company, which issued a Second-Party Opinion dated 3 January 2025 confirming alignment with the International Capital Market Association's Green Bond Principles, Social Bond Principles and Sustainability Bond Guidelines.
The framework defines seven eligible use-of-proceeds categories: renewable energy, energy storage, green buildings, clean transportation, sustainable water and wastewater management, affordable housing, and access to education. The single document covers green, social and sustainability instruments.
ANNUAL REPORTING
Morgan Stanley committed in the framework to reporting annually on the allocation of bond proceeds and, where feasible, on the anticipated or estimated environmental and social impact of the eligible portfolio.
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