Morgan Stanley commits to tallying its climate impact

Politico discusses how Morgan Stanley commits to tallying its climate impact. The financial giant will become the first major U.S. bank to count emissions from its loans and investments.

Morgan Stanley will become the first major U.S. bank to publicly disclose the how much its loans and investments contribute to climate change, the latest sign that Wall Street giants are beginning to reckon with their role in heating the planet.

The move comes as financial regulators in many countries are considering whether to require greater disclosure from companies about the risks they face from climate change — and as a growing number of shareholders and investors worry about their exposure to fossil fuels that could suffer from future government policies to rein in greenhouse gas emissions.

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