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Morgan Stanley
Morgan Stanley's GHG Emissions Data Preview
In 2024, Morgan Stanley completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Morgan Stanley has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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aVerified Sources Behind Morgan Stanley’s Greenhouse Gas (GHG) Emissions Data
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Insights into Morgan Stanley's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofMorgan Stanley amounted to246,410metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Morgan Stanleydecreased by 3.05%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Morgan Stanley's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Morgan Stanley's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Morgan Stanley were 19,636 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Morgan Stanley reduced its Scope 1 emissions over time?
Since 2019, Morgan Stanley's Scope 1 emissions have decreased by 30.5%, reflecting a declining long-term trend in Scope 1 emissions over time.ac
Compared to the previous year(2023), Morgan Stanley's Scope 1 emissions decreased by 18.86%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Morgan Stanley's Scope 2 emissions?
In 2024, Morgan Stanley reported Scope 2 greenhouse gas (GHG) emissions of 8,730 tCOâ‚‚e using the market-based method and 226,774 tCOâ‚‚e using the location-based method.a
Has Morgan Stanley reduced its Scope 2 emissions over time?
Since 2019, Morgan Stanley's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have increased by 13.5%, reflecting a rising long-term trend in Scope 2 emissions over time.ad
Compared to the previous year(2023), Morgan Stanley's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Morgan Stanley's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Morgan Stanley use for Scope 2 reporting?
In 2024, Morgan Stanley reported its Scope 2 emissions using the market-based method and using the location-based method.a
Morgan Stanley's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Morgan Stanley's Value Chain Emissions
In 2024, Morgan Stanley reported 105,497 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Morgan Stanley includes a breakdown across 2of the 15 Scope 3 categories defined by the GHG Protocol,down from 3 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.a
Morgan Stanley's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Morgan Stanley's Scope 3 emissions?
In 2024, Morgan Stanley reported total Scope 3 emissions of 105,497 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 98.13%of these emissions originated from upstream activities such as purchased goods and capital goods, while 1.87%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Morgan Stanley reduced its Scope 3 emissions over time?
Since 2019, Morgan Stanley's Scope 3 emissionshave decreased by 95.59%, reflecting a declining long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), Morgan Stanley's Scope 3 emissions decreased by 97.77%, highlighting the company's efforts to lower indirect emissions from its value chain.a
What categories of Scope 3 emissions does Morgan Stanley disclose?
In 2024, Morgan Stanley reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Morgan Stanley's Scope 3 emissions?
In 2024, the largest contributors to Morgan Stanley's Scope 3 emissions were:a
- Business Travel (Cat. 6): 103,519 tCOâ‚‚e(98.13%)
- Downstream Leased Assets (Cat. 13): 1,978 tCOâ‚‚e(1.87%)
Morgan Stanley's Scope 3 Emissions by Categories
Insights into Morgan Stanley’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Morgan Stanley reported Scope 1 greenhouse gas (GHG) emissions of 19,636 tCOâ‚‚e and total revenues of USD 57,617 millions. This translates into an emissions intensity of 0.34 tCOâ‚‚e per millions USD.a
Morgan Stanley's Scope 1 Emissions Intensity Compared to Peers
How does Morgan Stanley's GHG emissions intensity compare to its peers?
In 2024, Morgan Stanley reported a Scope 1 emissions intensity of 0.34 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.37, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Morgan Stanley rank on GHG emissions intensity within its industry?
In 2024, Morgan Stanley ranked 11 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Morgan Stanley is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Morgan Stanley's Total Carbon Footprint
In 2024, Morgan Stanley reported a total carbon footprint of 351,907 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 92.93% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Morgan Stanley's total carbon footprint was Scope 2 emissions, accounting for 64.44% of the company's total carbon footprint, followed by Scope 3 emissions at 29.98%.a