Morgan Stanley Joins the World Economic Forum’s Global Plastic Action Partnership to Help Reduce Plastic Waste
January 29 2020 - 9:30AM
Business Wire
- Global platform aims to combat the growing plastic waste
problem in coordination with the Morgan Stanley Plastic Waste
Resolution – the firm’s commitment to help prevent, reduce and
remove 50 million metric tons of plastic waste from rivers, oceans,
landscapes and landfills by 2030.
The Morgan Stanley Institute for Sustainable Investing (the
Institute) today announced that it has joined the Global Plastic
Action Partnership (GPAP), a platform previously launched at the
World Economic Forum Sustainable Development Impact Summit, whose
members are working together to reduce plastic waste and pollution
around the world. GPAP brings together businesses, international
donors, national and local governments, community groups and
world-class experts seeking circular solutions and address the
problems of plastic pollution in our environment.
Collaboration with the GPAP platform is a significant step in
Morgan Stanley’s Plastic Waste Resolution which was announced last
April. The Morgan Stanley Plastic Waste Resolution represents a
strategic, firmwide commitment to catalyze, support and help scale
the innovations and business-based solutions to reduce plastic
waste. By 2030, these efforts will help prevent, reduce and remove
50 million metric tons of plastic waste from entering our rivers,
oceans, landscapes and landfills. Recognizing that the challenge of
plastic waste is a systemic issue that requires innovation,
business model optimization and financing, Morgan Stanley is
committed to working with diverse stakeholders to help address the
challenge.
“We are very pleased to join GPAP and its founding members in
the fight to reduce plastic waste both regionally and globally,”
said Audrey Choi, Chief Sustainability Officer and Chief Marketing
Officer, Morgan Stanley. “ We look forward to collaborating closely
with GPAP and other actors on ways to promote the shift toward a
circular plastics economy, and to help drive transformational
action and impact on a global scale.”
This collaboration will help provide resources needed to create
scalable and sustainable solutions in local communities worldwide
to combat the growing issue of plastic waste. Morgan Stanley joins
GPAP as a Platform Member, a group of influential leaders and
decision-makers dedicated to making a world free of plastic waste
and pollution a reality.
“Morgan Stanley has joined GPAP at a critical time,” said
Kristin Hughes, GPAP Director and Member of the Executive Committee
at the World Economic Forum. “Around the world, solutions and
innovations to combat plastic pollution are ready to be scaled up
and deployed to achieve tremendous progress. We look forward to
working with Morgan Stanley to connect these high-potential
solutions with the resources that they urgently need to protect
nature and humanity from the devastating impact of plastic
pollution.”
Learn more about the Morgan Stanley Plastic Waste Resolution at
www.morganstanley.com/plasticwasteresolution.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing investment banking, securities, wealth management
and investment management services. With offices in more than 41
countries, the Firm's employees serve clients worldwide including
corporations, governments, institutions and individuals. For more
information about Morgan Stanley, please visit
www.morganstanley.com.
About Global Plastic Action Partnership (GPAP)
The Global Plastic Action Partnership (GPAP) is a global
public-private platform for collaboration to help translate
political and corporate commitment to address plastic pollution
into tangible strategies and investible action plans. GPAP brings
together government, business, civil societies and think tanks to
stop plastic pollution from source to sea by 2025, by fast-tracking
circular economy solutions. GPAP is hosted by the World Economic
Forum and supported by governments and the private sector. Learn
more about GPAP’s vision, governance and portfolio of work at
www.weforum.org/gpap and follow GPAP on Twitter at
@PlasticImpact
© 2020 Morgan Stanley & Co LLC and Morgan Stanley Smith
Barney LLC. Members SIPC.
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Media Relations Morgan Stanley Gaston Terrones Dimant,
Gaston.Terrones.Dimant@morganstanley.com Katherine Stueber,
Katherine.stueber@morganstanley.com
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