[Exclusive Offer Inside] Morgan Stanley is focused on sustainability


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Morgan Stanley is focused on sustainability

Morgan Stanley is making a big move in the world of sustainable finance.

The bank has raised $125 million for a fund that will invest in private equity firms that demonstrate that they positively impact either the environment or society while maintaining a strong bottom line.

Morgan Stanley says the fund will aim to offer diversified investments with a focus on reducing the effects of climate change and improving access to jobs, education, and healthcare in developing and frontier economies.

Demand for such investment solutions has increased in recent years, as 93% of US millennials show a high preference for impact investing.

Business Insider’s Frank Chaparro has the full story.

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