In another show of corporate support for climate action, Morgan Stanley and Citigroup Inc. announced they will work towards getting all energy for their operations from renewables in 2022 and by the end of the decade respectively. To go carbon-neutral, the companies will purchase power from clean energy projects and join RE100.
“Morgan Stanley has been committed for over a decade to reducing our greenhouse gas emissions through strategic energy efficiency in our buildings and adding new renewable energy capacity to the grid from on-site power generation at our own properties,” said Vice Chairman Tom Nides.
“We’re committed to using renewable power sources for our global operations while continuing to provide financing for our clients’ renewable energy and energy efficiency projects around the world,” said Citi CEO Michael Corbat.
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