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Select an assessment year:

  • Overall approach
    0/10
    • Overarching commitment on deforestation
      0/6
    • Deforestation as a business risk
      0/2
    • Target to reduce emissions in scope 1/2
    • Company must have anti-corruption policy
      0/2
  • Commodity score
    18/90
    • Beef & Leather
      2/90
      • Commitment Strength
        0/31
        • Commodity-specific deforestation financing policy
          0/9.6
          • Commitment details
            No commitment
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must be legally operated
          0/4.6
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must monitor operations
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must conduct risk assessments
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        2/27
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          2.6/5.6
          • Commitment details
            Companies own operations - Encouraged
            1/4
            Commitment details
            Companies own operations - Encouraged
            1/4
            Type of policy: UNGP; UN Declaration of HR; Discrimination; Forced Labour; Child Labour; Freedom of Association

            Does the financial institution ask the company to protect the health and safety of its own operations or its supply chain workers?: Yes
            "Morgan Stanley will not knowingly finance transactions where there is direct involvement in modern slavery, such as forced labor and human trafficking, or harmful or exploitative forms of child labor [...] Morgan Stanley is committed to being a responsible corporate citizen and fulfilling the important role business can play in protecting and advancing global standards for human rights, including equal opportunity, the freedom to associate and bargain collectively [...] Human rights considerations are incorporated into our transaction due diligence process [and] our engagement with companies... Our Statement on Human Rights, approved by our Board of Directors, enshrines our commitment to respect and uphold human rights under the United Nations’ Universal Declaration of Human Rights and the United Nations Guiding Principles on Business and Human Rights."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Morgan Stanley will not knowingly finance transactions where there is direct involvement in modern slavery, such as forced labor and human trafficking, or harmful or exploitative forms of child labor [...] Morgan Stanley is committed to being a responsible corporate citizen and fulfilling the important role business can play in protecting and advancing global standards for human rights, including equal opportunity, the freedom to associate and bargain collectively [...] Human rights considerations are incorporated into our transaction due diligence process [and] our engagement with companies... Our Statement on Human Rights, approved by our Board of Directors, enshrines our commitment to respect and uphold human rights under the United Nations’ Universal Declaration of Human Rights and the United Nations Guiding Principles on Business and Human Rights."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Morgan Stanley will not knowingly finance transactions where there is direct involvement in modern slavery, such as forced labor and human trafficking, or harmful or exploitative forms of child labor [...] Morgan Stanley is committed to being a responsible corporate citizen and fulfilling the important role business can play in protecting and advancing global standards for human rights, including equal opportunity, the freedom to associate and bargain collectively [...] Human rights considerations are incorporated into our transaction due diligence process [and] our engagement with companies... Our Statement on Human Rights, approved by our Board of Directors, enshrines our commitment to respect and uphold human rights under the United Nations’ Universal Declaration of Human Rights and the United Nations Guiding Principles on Business and Human Rights."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Morgan Stanley will not knowingly finance transactions where there is direct involvement in modern slavery, such as forced labor and human trafficking, or harmful or exploitative forms of child labor [...] Morgan Stanley is committed to being a responsible corporate citizen and fulfilling the important role business can play in protecting and advancing global standards for human rights, including equal opportunity, the freedom to associate and bargain collectively [...] Human rights considerations are incorporated into our transaction due diligence process [and] our engagement with companies... Our Statement on Human Rights, approved by our Board of Directors, enshrines our commitment to respect and uphold human rights under the United Nations’ Universal Declaration of Human Rights and the United Nations Guiding Principles on Business and Human Rights."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Morgan Stanley will not knowingly finance transactions where there is direct involvement in modern slavery, such as forced labor and human trafficking, or harmful or exploitative forms of child labor [...] Morgan Stanley is committed to being a responsible corporate citizen and fulfilling the important role business can play in protecting and advancing global standards for human rights, including equal opportunity, the freedom to associate and bargain collectively [...] Human rights considerations are incorporated into our transaction due diligence process [and] our engagement with companies... Our Statement on Human Rights, approved by our Board of Directors, enshrines our commitment to respect and uphold human rights under the United Nations’ Universal Declaration of Human Rights and the United Nations Guiding Principles on Business and Human Rights."
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        0/31
        • Commitments must be timebound
          No
          0/5
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          No
          0/5
        • Engagement with non-compliant companies
          No
          0/5
        • Reporting on implementation of the policy
          No
          0/6
        • Ethical product in portfolio
          No
    • Palm oil
      33/90
      • Commitment Strength
        14/31
        • Commodity-specific deforestation financing policy
          5.4/9.6
          • Commitment details
            Certification
            4/8
            Commitment details
            Certification
            4/8
            "Morgan Stanley will not provide financing for companies that are directly involved in the upstream production of palm oil, unless the companies have achieved Roundtable on Sustainable Palm Oil (RSPO) certification or have a time-bound plan to achieve this."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Morgan Stanley will not provide financing for companies that are directly involved in the upstream production of palm oil, unless the companies have achieved Roundtable on Sustainable Palm Oil (RSPO) certification or have a time-bound plan to achieve this." with scope of policy: "Our ESRM due diligence processes and sector and cross sector approaches outlined in this Policy Statement are applied globally across our Business Units to the following types of transactions:  lending (corporate and project),  debt and equity underwriting,  private placements,  investment management activities related to private equity, real assets and private credit investing, 5  investment banking and capital markets advisory assignments, and  other transactions or activities as applicable and appropriate. We will aim to apply this Policy Statement to transactions involving a joint venture between Morgan Stanley and other entities."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Morgan Stanley will not provide financing for companies that are directly involved in the upstream production of palm oil, unless the companies have achieved Roundtable on Sustainable Palm Oil (RSPO) certification or have a time-bound plan to achieve this." with scope of policy: "Our ESRM due diligence processes and sector and cross sector approaches outlined in this Policy Statement are applied globally across our Business Units to the following types of transactions:  lending (corporate and project),  debt and equity underwriting,  private placements,  investment management activities related to private equity, real assets and private credit investing, 5  investment banking and capital markets advisory assignments, and  other transactions or activities as applicable and appropriate. We will aim to apply this Policy Statement to transactions involving a joint venture between Morgan Stanley and other entities."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Morgan Stanley will not provide financing for companies that are directly involved in the upstream production of palm oil, unless the companies have achieved Roundtable on Sustainable Palm Oil (RSPO) certification or have a time-bound plan to achieve this." with scope of policy: "Our ESRM due diligence processes and sector and cross sector approaches outlined in this Policy Statement are applied globally across our Business Units to the following types of transactions:  lending (corporate and project),  debt and equity underwriting,  private placements,  investment management activities related to private equity, real assets and private credit investing, 5  investment banking and capital markets advisory assignments, and  other transactions or activities as applicable and appropriate. We will aim to apply this Policy Statement to transactions involving a joint venture between Morgan Stanley and other entities."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Morgan Stanley will not provide financing for companies that are directly involved in the upstream production of palm oil, unless the companies have achieved Roundtable on Sustainable Palm Oil (RSPO) certification or have a time-bound plan to achieve this." with scope of policy: "Our ESRM due diligence processes and sector and cross sector approaches outlined in this Policy Statement are applied globally across our Business Units to the following types of transactions:  lending (corporate and project),  debt and equity underwriting,  private placements,  investment management activities related to private equity, real assets and private credit investing, 5  investment banking and capital markets advisory assignments, and  other transactions or activities as applicable and appropriate. We will aim to apply this Policy Statement to transactions involving a joint venture between Morgan Stanley and other entities."
        • Companies must be legally operated
          2.9/4.6
          • Commitment details
            Companies own operations - Required
            1.5/3
            Commitment details
            Companies own operations - Required
            1.5/3
            "Morgan Stanley will not provide financing for companies that are directly involved in the upstream production of palm oil, unless the companies have achieved Roundtable on Sustainable Palm Oil (RSPO) certification or have a time-bound plan to achieve this. Compliance with local, national and international laws and regulations is required."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Morgan Stanley will not provide financing for companies that are directly involved in the upstream production of palm oil, unless the companies have achieved Roundtable on Sustainable Palm Oil (RSPO) certification or have a time-bound plan to achieve this. Compliance with local, national and international laws and regulations is required."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Morgan Stanley will not provide financing for companies that are directly involved in the upstream production of palm oil, unless the companies have achieved Roundtable on Sustainable Palm Oil (RSPO) certification or have a time-bound plan to achieve this. Compliance with local, national and international laws and regulations is required."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Morgan Stanley will not provide financing for companies that are directly involved in the upstream production of palm oil, unless the companies have achieved Roundtable on Sustainable Palm Oil (RSPO) certification or have a time-bound plan to achieve this. Compliance with local, national and international laws and regulations is required."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Morgan Stanley will not provide financing for companies that are directly involved in the upstream production of palm oil, unless the companies have achieved Roundtable on Sustainable Palm Oil (RSPO) certification or have a time-bound plan to achieve this. Compliance with local, national and international laws and regulations is required."
        • Companies must monitor operations
          5.4/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            Certification scheme (if applicable): RSPO

            Type of policy: Commitment to monitor or audit operations or suppliers
            "Morgan Stanley will not provide financing for companies that are directly involved in the upstream production of palm oil, unless the companies have achieved Roundtable on Sustainable Palm Oil (RSPO) certification or have a time-bound plan to achieve this. Compliance with local, national and international laws and regulations is required. For these transactions, we will conduct enhanced due diligence and consider a company’s policies and practices to manage impacts on local communities and indigenous peoples, biodiversity and sensitive areas such as, peatlands, including reviewing a company’s commitment to no deforestation, no peatland development and no exploitation of human rights."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Morgan Stanley will not provide financing for companies that are directly involved in the upstream production of palm oil, unless the companies have achieved Roundtable on Sustainable Palm Oil (RSPO) certification or have a time-bound plan to achieve this. Compliance with local, national and international laws and regulations is required. For these transactions, we will conduct enhanced due diligence and consider a company’s policies and practices to manage impacts on local communities and indigenous peoples, biodiversity and sensitive areas such as, peatlands, including reviewing a company’s commitment to no deforestation, no peatland development and no exploitation of human rights."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Morgan Stanley will not provide financing for companies that are directly involved in the upstream production of palm oil, unless the companies have achieved Roundtable on Sustainable Palm Oil (RSPO) certification or have a time-bound plan to achieve this. Compliance with local, national and international laws and regulations is required. For these transactions, we will conduct enhanced due diligence and consider a company’s policies and practices to manage impacts on local communities and indigenous peoples, biodiversity and sensitive areas such as, peatlands, including reviewing a company’s commitment to no deforestation, no peatland development and no exploitation of human rights."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Morgan Stanley will not provide financing for companies that are directly involved in the upstream production of palm oil, unless the companies have achieved Roundtable on Sustainable Palm Oil (RSPO) certification or have a time-bound plan to achieve this. Compliance with local, national and international laws and regulations is required. For these transactions, we will conduct enhanced due diligence and consider a company’s policies and practices to manage impacts on local communities and indigenous peoples, biodiversity and sensitive areas such as, peatlands, including reviewing a company’s commitment to no deforestation, no peatland development and no exploitation of human rights."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "Morgan Stanley will not provide financing for companies that are directly involved in the upstream production of palm oil, unless the companies have achieved Roundtable on Sustainable Palm Oil (RSPO) certification or have a time-bound plan to achieve this. Compliance with local, national and international laws and regulations is required. For these transactions, we will conduct enhanced due diligence and consider a company’s policies and practices to manage impacts on local communities and indigenous peoples, biodiversity and sensitive areas such as, peatlands, including reviewing a company’s commitment to no deforestation, no peatland development and no exploitation of human rights."
        • Companies must conduct risk assessments
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        7/27
        • Company must ensure Free, Prior and Informed Consent
          5.2/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "When financing projects where a significant portion of the use of proceeds may directly impact indigenous peoples, Morgan Stanley expects project sponsors or borrowers to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7, including the requirements for free, prior and informed consent in the circumstances outlined in the performance standard."
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "When financing projects where a significant portion of the use of proceeds may directly impact indigenous peoples, Morgan Stanley expects project sponsors or borrowers to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7, including the requirements for free, prior and informed consent in the circumstances outlined in the performance standard."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "When financing projects where a significant portion of the use of proceeds may directly impact indigenous peoples, Morgan Stanley expects project sponsors or borrowers to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7, including the requirements for free, prior and informed consent in the circumstances outlined in the performance standard."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "When financing projects where a significant portion of the use of proceeds may directly impact indigenous peoples, Morgan Stanley expects project sponsors or borrowers to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7, including the requirements for free, prior and informed consent in the circumstances outlined in the performance standard."
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          2.6/5.6
          • Commitment details
            Companies own operations - Encouraged
            1/4
            Commitment details
            Companies own operations - Encouraged
            1/4
            Does the financial institution ask the company to protect the health and safety of its own operations or its supply chain workers?: Yes

            Type of policy: UNGP; UN Declaration of HR; Discrimination; Forced Labour; Child Labour; Freedom of Association
            "Morgan Stanley will not knowingly finance transactions where there is direct involvement in modern slavery, such as forced labor and human trafficking, or harmful or exploitative forms of child labor [...] Morgan Stanley is committed to being a responsible corporate citizen and fulfilling the important rolebusiness can play in protecting and advancing global standards for human rights, including equalopportunity, the freedom to associate and bargain collectively [...] Human rights considerations are incorporated into our transaction due diligence process [and] our engagement with companies... Our Statement on Human Rights, approved by our Board of Directors, enshrines our commitment to respect and uphold human rights under the United Nations’ Universal Declaration of Human Rights and the United Nations Guiding Principles on Business and Human Rights."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Morgan Stanley will not knowingly finance transactions where there is direct involvement in modern slavery, such as forced labor and human trafficking, or harmful or exploitative forms of child labor [...] Morgan Stanley is committed to being a responsible corporate citizen and fulfilling the important rolebusiness can play in protecting and advancing global standards for human rights, including equalopportunity, the freedom to associate and bargain collectively [...] Human rights considerations are incorporated into our transaction due diligence process [and] our engagement with companies... Our Statement on Human Rights, approved by our Board of Directors, enshrines our commitment to respect and uphold human rights under the United Nations’ Universal Declaration of Human Rights and the United Nations Guiding Principles on Business and Human Rights."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Morgan Stanley will not knowingly finance transactions where there is direct involvement in modern slavery, such as forced labor and human trafficking, or harmful or exploitative forms of child labor [...] Morgan Stanley is committed to being a responsible corporate citizen and fulfilling the important rolebusiness can play in protecting and advancing global standards for human rights, including equalopportunity, the freedom to associate and bargain collectively [...] Human rights considerations are incorporated into our transaction due diligence process [and] our engagement with companies... Our Statement on Human Rights, approved by our Board of Directors, enshrines our commitment to respect and uphold human rights under the United Nations’ Universal Declaration of Human Rights and the United Nations Guiding Principles on Business and Human Rights."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Morgan Stanley will not knowingly finance transactions where there is direct involvement in modern slavery, such as forced labor and human trafficking, or harmful or exploitative forms of child labor [...] Morgan Stanley is committed to being a responsible corporate citizen and fulfilling the important rolebusiness can play in protecting and advancing global standards for human rights, including equalopportunity, the freedom to associate and bargain collectively [...] Human rights considerations are incorporated into our transaction due diligence process [and] our engagement with companies... Our Statement on Human Rights, approved by our Board of Directors, enshrines our commitment to respect and uphold human rights under the United Nations’ Universal Declaration of Human Rights and the United Nations Guiding Principles on Business and Human Rights."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Morgan Stanley will not knowingly finance transactions where there is direct involvement in modern slavery, such as forced labor and human trafficking, or harmful or exploitative forms of child labor [...] Morgan Stanley is committed to being a responsible corporate citizen and fulfilling the important rolebusiness can play in protecting and advancing global standards for human rights, including equalopportunity, the freedom to associate and bargain collectively [...] Human rights considerations are incorporated into our transaction due diligence process [and] our engagement with companies... Our Statement on Human Rights, approved by our Board of Directors, enshrines our commitment to respect and uphold human rights under the United Nations’ Universal Declaration of Human Rights and the United Nations Guiding Principles on Business and Human Rights."
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        12/31
        • Commitments must be timebound
          Encouraged
          2.5/5
          Commitments must be timebound
          Encouraged
          2.5/5
          What is the length of time the portfolio companies are given to meet their time-bound plans?: Time-bound plan to achieve certification
          "Morgan Stanley will not provide financing for companies that are directly involved in the upstream production of palm oil, unless the companies have achieved Roundtable on Sustainable Palm Oil (RSPO) certification or have a time-bound plan to achieve this. Compliance with local, national and international laws and regulations is required. For these transactions, we will conduct enhanced due diligence and consider a company’s policies and practices to manage impacts on local communities and indigenous peoples, biodiversity and sensitive areas such as, peatlands, including reviewing a company’s commitment to no deforestation, no peatland development and no exploitation of human rights."
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Annual or more frequent review
          2/2
          Policy is reviewed and updated
          Annual or more frequent review
          2/2
          "This Policy Statement incorporates ongoing dialogue with internal and external stakeholders and is an evolving document that we review annually and update to reflect our strategy and key developments." Document last updated in December 2020. 
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          "Compliance with local, national and international laws and regulations is required. For these transactions, we will conduct enhanced due diligence and consider a company’s policies and practices to manage impacts on local communities and indigenous peoples, biodiversity and sensitive areas such as, peatlands, including reviewing a company’s commitment to no deforestation, no peatland development and no exploitation of human rights."
        • Engagement with non-compliant companies
          Engage with non-compliant companies without a time-bound threat of divestment
          2.5/5
          Engagement with non-compliant companies
          Engage with non-compliant companies without a time-bound threat of divestment
          2.5/5
          "If we identify a particular issue, we will conduct enhanced due diligence to understand how it is being addressed and how the risks are being mitigated. In these instances, Morgan Stanley may also engage with and support a company to adopt appropriate sustainability practices to mitigate environmental and social risks and impacts. Through these efforts, we believe we are better able to serve clients, shareholders and other stakeholders."
        • Reporting on implementation of the policy
          No
          0/6
        • Ethical product in portfolio
          No
    • Soy
      2/90
      • Commitment Strength
        0/31
        • Commodity-specific deforestation financing policy
          0/9.6
          • Commitment details
            No commitment
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must be legally operated
          0/4.6
          • Commitment details
            No commitment
            0/3
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must monitor operations
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must conduct risk assessments
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        2/27
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          2.6/5.6
          • Commitment details
            Companies own operations - Encouraged
            1/4
            Commitment details
            Companies own operations - Encouraged
            1/4
            Type of policy: UNGP; UN Declaration of HR; Discrimination; Forced Labour; Child Labour; Freedom of Association

            Does the financial institution ask the company to protect the health and safety of its own operations or its supply chain workers?: Yes
            "Morgan Stanley will not knowingly finance transactions where there is direct involvement in modern slavery, such as forced labor and human trafficking, or harmful or exploitative forms of child labor [...] Morgan Stanley is committed to being a responsible corporate citizen and fulfilling the important role business can play in protecting and advancing global standards for human rights, including equal opportunity, the freedom to associate and bargain collectively [...] Human rights considerations are incorporated into our transaction due diligence process [and] our engagement with companies... Our Statement on Human Rights, approved by our Board of Directors, enshrines our commitment to respect and uphold human rights under the United Nations’ Universal Declaration of Human Rights and the United Nations Guiding Principles on Business and Human Rights."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Morgan Stanley will not knowingly finance transactions where there is direct involvement in modern slavery, such as forced labor and human trafficking, or harmful or exploitative forms of child labor [...] Morgan Stanley is committed to being a responsible corporate citizen and fulfilling the important rolebusiness can play in protecting and advancing global standards for human rights, including equalopportunity, the freedom to associate and bargain collectively [...] Human rights considerations are incorporated into our transaction due diligence process [and] our engagement with companies... Our Statement on Human Rights, approved by our Board of Directors, enshrines our commitment to respect and uphold human rights under the United Nations’ Universal Declaration of Human Rights and the United Nations Guiding Principles on Business and Human Rights."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Morgan Stanley will not knowingly finance transactions where there is direct involvement in modern slavery, such as forced labor and human trafficking, or harmful or exploitative forms of child labor [...] Morgan Stanley is committed to being a responsible corporate citizen and fulfilling the important rolebusiness can play in protecting and advancing global standards for human rights, including equalopportunity, the freedom to associate and bargain collectively [...] Human rights considerations are incorporated into our transaction due diligence process [and] our engagement with companies... Our Statement on Human Rights, approved by our Board of Directors, enshrines our commitment to respect and uphold human rights under the United Nations’ Universal Declaration of Human Rights and the United Nations Guiding Principles on Business and Human Rights."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Morgan Stanley will not knowingly finance transactions where there is direct involvement in modern slavery, such as forced labor and human trafficking, or harmful or exploitative forms of child labor [...] Morgan Stanley is committed to being a responsible corporate citizen and fulfilling the important rolebusiness can play in protecting and advancing global standards for human rights, including equalopportunity, the freedom to associate and bargain collectively [...] Human rights considerations are incorporated into our transaction due diligence process [and] our engagement with companies... Our Statement on Human Rights, approved by our Board of Directors, enshrines our commitment to respect and uphold human rights under the United Nations’ Universal Declaration of Human Rights and the United Nations Guiding Principles on Business and Human Rights."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Morgan Stanley will not knowingly finance transactions where there is direct involvement in modern slavery, such as forced labor and human trafficking, or harmful or exploitative forms of child labor [...] Morgan Stanley is committed to being a responsible corporate citizen and fulfilling the important rolebusiness can play in protecting and advancing global standards for human rights, including equalopportunity, the freedom to associate and bargain collectively [...] Human rights considerations are incorporated into our transaction due diligence process [and] our engagement with companies... Our Statement on Human Rights, approved by our Board of Directors, enshrines our commitment to respect and uphold human rights under the United Nations’ Universal Declaration of Human Rights and the United Nations Guiding Principles on Business and Human Rights."
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        0/31
        • Commitments must be timebound
          No
          0/5
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          No
          0/2
        • Monitoring and non-compliance process
          No
          0/5
        • Engagement with non-compliant companies
          No
          0/5
        • Reporting on implementation of the policy
          No
          0/6
        • Ethical product in portfolio
          No
    • Timber, Pulp & Paper
      33/90
      • Commitment Strength
        11/31
        • Commodity-specific deforestation financing policy
          5/9.6
          • Commitment details
            Certification
            4/8
            Commitment details
            Certification
            4/8
            "When considering direct financing for forestry projects that impact high conservation value forests, we expect companies that are directly involved in timber logging to have obtained or be working toward Forest Stewardship Council (FSC) certification or a comparable certification."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            Applies to direct financing only: "When considering direct financing for forestry projects that impact high conservation value forests, we expect companies that are directly involved in timber logging to have obtained or be working toward Forest Stewardship Council (FSC) certification or a comparable certification."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "When considering direct financing for forestry projects that impact high conservation value forests, we expect companies that are directly involved in timber logging to have obtained or be working toward Forest Stewardship Council (FSC) certification or a comparable certification."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "When considering direct financing for forestry projects that impact high conservation value forests, we expect companies that are directly involved in timber logging to have obtained or be working toward Forest Stewardship Council (FSC) certification or a comparable certification."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "When considering direct financing for forestry projects that impact high conservation value forests, we expect companies that are directly involved in timber logging to have obtained or be working toward Forest Stewardship Council (FSC) certification or a comparable certification."
        • Companies must be legally operated
          2.7/4.6
          • Commitment details
            Companies own operations - Required
            1.5/3
            Commitment details
            Companies own operations - Required
            1.5/3
            "When considering direct financing for forestry projects that impact high conservation value forests, we expect companies that are directly involved in timber logging to have obtained or be working toward Forest Stewardship Council (FSC) certification or a comparable certification. Compliance with applicable local, national and international laws and regulations is required."
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "When considering direct financing for forestry projects that impact high conservation value forests, we expect companies that are directly involved in timber logging to have obtained or be working toward Forest Stewardship Council (FSC) certification or a comparable certification. Compliance with applicable local, national and international laws and regulations is required."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "When considering direct financing for forestry projects that impact high conservation value forests, we expect companies that are directly involved in timber logging to have obtained or be working toward Forest Stewardship Council (FSC) certification or a comparable certification. Compliance with applicable local, national and international laws and regulations is required."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "When considering direct financing for forestry projects that impact high conservation value forests, we expect companies that are directly involved in timber logging to have obtained or be working toward Forest Stewardship Council (FSC) certification or a comparable certification. Compliance with applicable local, national and international laws and regulations is required."
        • Companies must monitor operations
          3.6/5.6
          • Commitment details
            Encouraged
            2/4
            Commitment details
            Encouraged
            2/4
            Type of policy: Assurance mechanism

            Certification scheme (if applicable): FSC
            "Compliance with applicable local, national and international laws and regulations is required. Companies that are in compliance with applicable laws and regulations and have not obtained nor are working toward FSC or a comparable certification will be considered on a case-by-case basis if they can demonstrate compliance with the 9 FSC Principles. In such case, we will introduce or refer relevant clients to credible experts who can help establish a rigorous, time-bound, stepwise approach to achieve certification within three years. For these transactions, due diligence considerations include a company’s policies and practices to manage impacts on local communities and indigenous peoples, biodiversity and sensitive areas, such as peatlands. When considering transactions with companies that process, purchase or trade wood products from high-risk countries, diligence considerations include practices for ensuring wood comes from legal sources, such as the use of third-party certification for chain of custody systems." 
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Compliance with applicable local, national and international laws and regulations is required. Companies that are in compliance with applicable laws and regulations and have not obtained nor are working toward FSC or a comparable certification will be considered on a case-by-case basis if they can demonstrate compliance with the 9 FSC Principles. In such case, we will introduce or refer relevant clients to credible experts who can help establish a rigorous, time-bound, stepwise approach to achieve certification within three years. For these transactions, due diligence considerations include a company’s policies and practices to manage impacts on local communities and indigenous peoples, biodiversity and sensitive areas, such as peatlands. When considering transactions with companies that process, purchase or trade wood products from high-risk countries, diligence considerations include practices for ensuring wood comes from legal sources, such as the use of third-party certification for chain of custody systems." 
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Compliance with applicable local, national and international laws and regulations is required. Companies that are in compliance with applicable laws and regulations and have not obtained nor are working toward FSC or a comparable certification will be considered on a case-by-case basis if they can demonstrate compliance with the 9 FSC Principles. In such case, we will introduce or refer relevant clients to credible experts who can help establish a rigorous, time-bound, stepwise approach to achieve certification within three years. For these transactions, due diligence considerations include a company’s policies and practices to manage impacts on local communities and indigenous peoples, biodiversity and sensitive areas, such as peatlands. When considering transactions with companies that process, purchase or trade wood products from high-risk countries, diligence considerations include practices for ensuring wood comes from legal sources, such as the use of third-party certification for chain of custody systems." 
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Compliance with applicable local, national and international laws and regulations is required. Companies that are in compliance with applicable laws and regulations and have not obtained nor are working toward FSC or a comparable certification will be considered on a case-by-case basis if they can demonstrate compliance with the 9 FSC Principles. In such case, we will introduce or refer relevant clients to credible experts who can help establish a rigorous, time-bound, stepwise approach to achieve certification within three years. For these transactions, due diligence considerations include a company’s policies and practices to manage impacts on local communities and indigenous peoples, biodiversity and sensitive areas, such as peatlands. When considering transactions with companies that process, purchase or trade wood products from high-risk countries, diligence considerations include practices for ensuring wood comes from legal sources, such as the use of third-party certification for chain of custody systems." 
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Compliance with applicable local, national and international laws and regulations is required. Companies that are in compliance with applicable laws and regulations and have not obtained nor are working toward FSC or a comparable certification will be considered on a case-by-case basis if they can demonstrate compliance with the 9 FSC Principles. In such case, we will introduce or refer relevant clients to credible experts who can help establish a rigorous, time-bound, stepwise approach to achieve certification within three years. For these transactions, due diligence considerations include a company’s policies and practices to manage impacts on local communities and indigenous peoples, biodiversity and sensitive areas, such as peatlands. When considering transactions with companies that process, purchase or trade wood products from high-risk countries, diligence considerations include practices for ensuring wood comes from legal sources, such as the use of third-party certification for chain of custody systems." 
        • Companies must conduct risk assessments
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must specify a cut-off date
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        7/27
        • Company must ensure Free, Prior and Informed Consent
          5.2/5.6
          • Commitment details
            Required
            4/4
            Commitment details
            Required
            4/4
            "When financing projects where a significant portion of the use of proceeds may directly impact indigenous peoples, Morgan Stanley expects project sponsors or borrowers to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7, including the requirements for free, prior and informed consent in the circumstances outlined in the performance standard."
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "When financing projects where a significant portion of the use of proceeds may directly impact indigenous peoples, Morgan Stanley expects project sponsors or borrowers to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7, including the requirements for free, prior and informed consent in the circumstances outlined in the performance standard."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "When financing projects where a significant portion of the use of proceeds may directly impact indigenous peoples, Morgan Stanley expects project sponsors or borrowers to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7, including the requirements for free, prior and informed consent in the circumstances outlined in the performance standard."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "When financing projects where a significant portion of the use of proceeds may directly impact indigenous peoples, Morgan Stanley expects project sponsors or borrowers to demonstrate alignment with the objectives and requirements of IFC Performance Standard 7, including the requirements for free, prior and informed consent in the circumstances outlined in the performance standard."
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          2.6/5.6
          • Commitment details
            Companies own operations - Encouraged
            1/4
            Commitment details
            Companies own operations - Encouraged
            1/4
            Does the financial institution ask the company to protect the health and safety of its own operations or its supply chain workers?: Yes

            Type of policy: UNGP; UN Declaration of HR; Discrimination; Forced Labour; Child Labour; Freedom of Association
            "Morgan Stanley will not knowingly finance transactions where there is direct involvement in modern slavery, such as forced labor and human trafficking, or harmful or exploitative forms of child labor [...] Morgan Stanley is committed to being a responsible corporate citizen and fulfilling the important role business can play in protecting and advancing global standards for human rights, including equal opportunity, the freedom to associate and bargain collectively [...] Human rights considerations are incorporated into our transaction due diligence process [and] our engagement with companies... Our Statement on Human Rights, approved by our Board of Directors, enshrines our commitment to respect and uphold human rights under the United Nations’ Universal Declaration of Human Rights and the United Nations Guiding Principles on Business and Human Rights."
          • Policy applies to all operations and financing
            All financing
            0.4/0.4
            Policy applies to all operations and financing
            All financing
            0.4/0.4
            "Morgan Stanley will not knowingly finance transactions where there is direct involvement in modern slavery, such as forced labor and human trafficking, or harmful or exploitative forms of child labor [...] Morgan Stanley is committed to being a responsible corporate citizen and fulfilling the important role business can play in protecting and advancing global standards for human rights, including equal opportunity, the freedom to associate and bargain collectively [...] Human rights considerations are incorporated into our transaction due diligence process [and] our engagement with companies... Our Statement on Human Rights, approved by our Board of Directors, enshrines our commitment to respect and uphold human rights under the United Nations’ Universal Declaration of Human Rights and the United Nations Guiding Principles on Business and Human Rights."
          • Policy applies to all deals
            All financing
            0.4/0.4
            Policy applies to all deals
            All financing
            0.4/0.4
            "Morgan Stanley will not knowingly finance transactions where there is direct involvement in modern slavery, such as forced labor and human trafficking, or harmful or exploitative forms of child labor [...] Morgan Stanley is committed to being a responsible corporate citizen and fulfilling the important role business can play in protecting and advancing global standards for human rights, including equal opportunity, the freedom to associate and bargain collectively [...] Human rights considerations are incorporated into our transaction due diligence process [and] our engagement with companies... Our Statement on Human Rights, approved by our Board of Directors, enshrines our commitment to respect and uphold human rights under the United Nations’ Universal Declaration of Human Rights and the United Nations Guiding Principles on Business and Human Rights."
          • Policy applies to all companies
            All financing
            0.4/0.4
            Policy applies to all companies
            All financing
            0.4/0.4
            "Morgan Stanley will not knowingly finance transactions where there is direct involvement in modern slavery, such as forced labor and human trafficking, or harmful or exploitative forms of child labor [...] Morgan Stanley is committed to being a responsible corporate citizen and fulfilling the important role business can play in protecting and advancing global standards for human rights, including equal opportunity, the freedom to associate and bargain collectively [...] Human rights considerations are incorporated into our transaction due diligence process [and] our engagement with companies... Our Statement on Human Rights, approved by our Board of Directors, enshrines our commitment to respect and uphold human rights under the United Nations’ Universal Declaration of Human Rights and the United Nations Guiding Principles on Business and Human Rights."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Morgan Stanley will not knowingly finance transactions where there is direct involvement in modern slavery, such as forced labor and human trafficking, or harmful or exploitative forms of child labor [...] Morgan Stanley is committed to being a responsible corporate citizen and fulfilling the important role business can play in protecting and advancing global standards for human rights, including equal opportunity, the freedom to associate and bargain collectively [...] Human rights considerations are incorporated into our transaction due diligence process [and] our engagement with companies... Our Statement on Human Rights, approved by our Board of Directors, enshrines our commitment to respect and uphold human rights under the United Nations’ Universal Declaration of Human Rights and the United Nations Guiding Principles on Business and Human Rights."
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must resolve land conflicts
          0/1.6
          • Commitment details
            No
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Reporting and Implementation
        15/31
        • Commitments must be timebound
          Required
          5/5
          Commitments must be timebound
          Required
          5/5
          What is the length of time the portfolio companies are given to meet their time-bound plans?: 3 years 
          "Compliance with applicable local, national and international laws and regulations is required. Companies that are in compliance with applicable laws and regulations and have not obtained nor are working toward FSC or a comparable certification will be considered on a case-by-case basis if they can demonstrate compliance with the 9 FSC Principles. In such case, we will introduce or refer relevant clients to credible experts who can help establish a rigorous, time-bound, stepwise approach to achieve certification within three years. For these transactions, due diligence considerations include a company’s policies and practices to manage impacts on local communities and indigenous peoples, biodiversity and sensitive areas, such as peatlands." 
        • Companies must disclose subsidiaries in commodity supply chains
          No
          0/4
        • Companies must disclose locations
          No
          0/4
        • Policy is reviewed and updated
          Annual or more frequent review
          2/2
          Policy is reviewed and updated
          Annual or more frequent review
          2/2
          "This Policy Statement incorporates ongoing dialogue with internal and external stakeholders and is an evolving document that we review annually and update to reflect our strategy and key developments." Document last updated in December 2020. 
        • Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          Monitoring and non-compliance process
          Screening and monitoring process
          5/5
          "Compliance with applicable local, national and international laws and regulations is required. Companies that are in compliance with applicable laws and regulations and have not obtained nor are working toward FSC or a comparable certification will be considered on a case-by-case basis if they can demonstrate compliance with the 9 FSC Principles. In such case, we will introduce or refer relevant clients to credible experts who can help establish a rigorous, time-bound, stepwise approach to achieve certification within three years. For these transactions, due diligence considerations include a company’s policies and practices to manage impacts on local communities and indigenous peoples, biodiversity and sensitive areas, such as peatlands. When considering transactions with companies that process, purchase or trade wood products from high-risk countries, diligence considerations include practices for ensuring wood comes from legal sources, such as the use of third-party certification for chain of custody systems." 
        • Engagement with non-compliant companies
          Engage with non-compliant companies without a time-bound threat of divestment
          2.5/5
          Engagement with non-compliant companies
          Engage with non-compliant companies without a time-bound threat of divestment
          2.5/5
          "Compliance with applicable local, national and international laws and regulations is required. Companies that are in compliance with applicable laws and regulations and have not obtained nor are working toward FSC or a comparable certification will be considered on a case-by-case basis if they can demonstrate compliance with the 9 FSC Principles. In such case, we will introduce or refer relevant clients to credible experts who can help establish a rigorous, time-bound, stepwise approach to achieve certification within three years. For these transactions, due diligence considerations include a company’s policies and practices to manage impacts on local communities and indigenous peoples, biodiversity and sensitive areas, such as peatlands."
        • Reporting on implementation of the policy
          No
          0/6
        • Ethical product in portfolio
          No
  • Commitment strength
    6/31
    Avg. score
  • Reporting and Implementation
    7/31
    Avg. score
  • Social considerations
    5/28
    Avg. score

Profile

Morgan Stanley are an international investment bank and financial services provider headquartered in the US that serves private, corporate and institutional clients. Services include wealth management, investment banking, capital markets, sales and trading, and research and investment management. As of 2017, their total assets amount to more than 850 billion USD, with more than 130 billion USD worth of loans. Morgan Stanley are among the top lenders and shareholders to Forest 500 companies, across a broad range of forest risk sectors.

HQ
HQ 
United States
Financial institution type
Financial institution type 
Bank

How we assess the Forest 500

Investors and lenders need to adopt and implement strong deforestation policies that ensure their investments are not funding the destruction of forests.

All assessments use policies published on financial institution websites, some links may have changed or been removed since the time of assessment.

Disclaimer

This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.

All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.