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Select an assessment year:

  • Overall approach
    8/16
    • Overarching commitment on deforestation
      8/14
      Deforestation commitment
      Reduce deforestation
      8/14
      "Forests are important to our environment, to communities and to biodiversity, and their degradation poses significant threats to each. We seek to promote the sustainable management of forests, including the protection of high conservation value forests".
    • Company must have anti-corruption policy
      0/2
  • Commodity score
    27/64
    • Beef & Leather
      19/64
      • Commitment Strength
        14/42
        • Commodity-specific financing policy
          0/9.6
          • Commitment details
            No
            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
          3.6/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "We expect companies to comply with all relevant local and national laws, including laws that implement international agreements."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We expect companies to comply with all relevant local and national laws, including laws that implement international agreements."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We expect companies to comply with all relevant local and national laws, including laws that implement international agreements."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We expect companies to comply with all relevant local and national laws, including laws that implement international agreements."
          • 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
            "We expect companies to comply with all relevant local and national laws, including laws that implement international agreements."
        • Companies must protect priority forests or globally important landscapes
          7/9.6
          • Commitment details
            All high priority landscapes - Encouraged
            6/8
            Commitment details
            All high priority landscapes - Encouraged
            6/8
            "We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
          • 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
            "We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
        • Assurance mechanism to ensure compliance
          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
        • Commitments must be timebound
          3/5.6
          • Commitment details
            Encourage
            2/4
            Commitment details
            Encourage
            2/4
            Type of policy: Compliance is prerequisite for financing
            "We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
          • 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
            "We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
      • Social Considerations
        6/22
        • Company must ensure Free, Prior and Informed Consent
          3.2/5.6
          • Commitment details
            Yes - Encourage
            2/4
            Commitment details
            Yes - Encourage
            2/4
            "When financing projects in indigenous territories, Morgan Stanley will aim to ensure that the projectsponsors or borrowers, as appropriate, will have demonstrated that: (i) the appropriate parties areengaged with the affected indigenous peoples to achieve free, prior, and informed consent"
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "When financing projects in indigenous territories, Morgan Stanley will aim to ensure that the projectsponsors or borrowers, as appropriate, will have demonstrated that: (i) the appropriate parties areengaged with the affected indigenous peoples to achieve free, prior, and informed consent"
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "When financing projects in indigenous territories, Morgan Stanley will aim to ensure that the projectsponsors or borrowers, as appropriate, will have demonstrated that: (i) the appropriate parties areengaged with the affected indigenous peoples to achieve free, prior, and informed consent"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "When financing projects in indigenous territories, Morgan Stanley will aim to ensure that the projectsponsors or borrowers, as appropriate, will have demonstrated that: (i) the appropriate parties areengaged with the affected indigenous peoples to achieve free, prior, and informed consent"
          • 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 in indigenous territories, Morgan Stanley will aim to ensure that the projectsponsors or borrowers, as appropriate, will have demonstrated that: (i) the appropriate parties areengaged with the affected indigenous peoples to achieve free, prior, and informed consent"
        • Company must respect labour rights
          2.6/5.6
          • Commitment details
            Own operations - Encourage
            1/4
            Commitment details
            Own operations - Encourage
            1/4
            Type of policy: 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"
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            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"
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            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"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            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"
          • 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"
        • 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
    • Palm oil
      36/64
      • Commitment Strength
        30/42
        • Commodity-specific financing policy
          9.4/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Zero net deforestation
            "For companies that are directly involved in the upstream production of palm oil, Morgan Stanley will not provide financing unless the companies either have achieved or are working toward Roundtable on Sustainable Palm Oil (RSPO) certification or a comparable certification. Compliance with applicable laws and regulations is required, including, for those clients operating in Indonesia, compliance with the Indonesian Sustainable Palm Oil system. Companies that are in compliance with applicable laws and regulations but have not obtained nor are working toward RSPO or a comparable certification will be considered on a case-by-case basis if they can demonstrate compliance with the RSPO Principles."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "For companies that are directly involved in the upstream production of palm oil, Morgan Stanley will not provide financing unless the companies either have achieved or are working toward Roundtable on Sustainable Palm Oil (RSPO) certification or a comparable certification. Compliance with applicable laws and regulations is required, including, for those clients operating in Indonesia, compliance with the Indonesian Sustainable Palm Oil system. Companies that are in compliance with applicable laws and regulations but have not obtained nor are working toward RSPO or a comparable certification will be considered on a case-by-case basis if they can demonstrate compliance with the RSPO Principles."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "For companies that are directly involved in the upstream production of palm oil, Morgan Stanley will not provide financing unless the companies either have achieved or are working toward Roundtable on Sustainable Palm Oil (RSPO) certification or a comparable certification. Compliance with applicable laws and regulations is required, including, for those clients operating in Indonesia, compliance with the Indonesian Sustainable Palm Oil system. Companies that are in compliance with applicable laws and regulations but have not obtained nor are working toward RSPO or a comparable certification will be considered on a case-by-case basis if they can demonstrate compliance with the RSPO Principles."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "For companies that are directly involved in the upstream production of palm oil, Morgan Stanley will not provide financing unless the companies either have achieved or are working toward Roundtable on Sustainable Palm Oil (RSPO) certification or a comparable certification. Compliance with applicable laws and regulations is required, including, for those clients operating in Indonesia, compliance with the Indonesian Sustainable Palm Oil system. Companies that are in compliance with applicable laws and regulations but have not obtained nor are working toward RSPO or a comparable certification will be considered on a case-by-case basis if they can demonstrate compliance with the RSPO Principles."
          • 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
            "For companies that are directly involved in the upstream production of palm oil, Morgan Stanley will not provide financing unless the companies either have achieved or are working toward Roundtable on Sustainable Palm Oil (RSPO) certification or a comparable certification. Compliance with applicable laws and regulations is required, including, for those clients operating in Indonesia, compliance with the Indonesian Sustainable Palm Oil system. Companies that are in compliance with applicable laws and regulations but have not obtained nor are working toward RSPO or a comparable certification will be considered on a case-by-case basis if they can demonstrate compliance with the RSPO Principles."
        • Companies must be legally operated
          5.4/5.6
          • Commitment details
            Entire supply chain - Require
            4/4
            Commitment details
            Entire supply chain - Require
            4/4
            "Compliance with applicable laws and regulations is required, including, for those clients operating in Indonesia, compliance with the Indonesian Sustainable Palm Oil system."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Compliance with applicable laws and regulations is required, including, for those clients operating in Indonesia, compliance with the Indonesian Sustainable Palm Oil system."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Compliance with applicable laws and regulations is required, including, for those clients operating in Indonesia, compliance with the Indonesian Sustainable Palm Oil system."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Compliance with applicable laws and regulations is required, including, for those clients operating in Indonesia, compliance with the Indonesian Sustainable Palm Oil system."
          • 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
            "Compliance with applicable laws and regulations is required, including, for those clients operating in Indonesia, compliance with the Indonesian Sustainable Palm Oil system."
        • Companies must protect priority forests or globally important landscapes
          7/9.6
          • Commitment details
            All high priority landscapes - Encouraged
            6/8
            Commitment details
            All high priority landscapes - Encouraged
            6/8
            "For companies that are directly involved in the upstream production of palm oil, Morgan Stanley will not provide financing unless the companies either have achieved or are working toward Roundtable on Sustainable Palm Oil (RSPO) certification or a comparable certification... We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "For companies that are directly involved in the upstream production of palm oil, Morgan Stanley will not provide financing unless the companies either have achieved or are working toward Roundtable on Sustainable Palm Oil (RSPO) certification or a comparable certification... We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "For companies that are directly involved in the upstream production of palm oil, Morgan Stanley will not provide financing unless the companies either have achieved or are working toward Roundtable on Sustainable Palm Oil (RSPO) certification or a comparable certification... We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "For companies that are directly involved in the upstream production of palm oil, Morgan Stanley will not provide financing unless the companies either have achieved or are working toward Roundtable on Sustainable Palm Oil (RSPO) certification or a comparable certification... We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
          • 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
            "For companies that are directly involved in the upstream production of palm oil, Morgan Stanley will not provide financing unless the companies either have achieved or are working toward Roundtable on Sustainable Palm Oil (RSPO) certification or a comparable certification... We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
        • Assurance mechanism to ensure compliance
          5.4/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Verification method: Certification Scheme

            Certification scheme (if applicable): RSPO
            "For companies that are directly involved in the upstream production of palm oil, Morgan Stanley will not provide financing unless the companies either have achieved or are working toward Roundtable on Sustainable Palm Oil (RSPO) certification or a comparable certification. Compliance with applicable laws and regulations is required, including, for those clients operating in Indonesia, compliance with the Indonesian Sustainable Palm Oil system. Companies that are in compliance with applicable laws and regulations but have not obtained nor are working toward RSPO or a comparable certification will be considered on a case-by-case basis if they can demonstrate compliance with the RSPO Principles."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "For companies that are directly involved in the upstream production of palm oil, Morgan Stanley will not provide financing unless the companies either have achieved or are working toward Roundtable on Sustainable Palm Oil (RSPO) certification or a comparable certification. Compliance with applicable laws and regulations is required, including, for those clients operating in Indonesia, compliance with the Indonesian Sustainable Palm Oil system. Companies that are in compliance with applicable laws and regulations but have not obtained nor are working toward RSPO or a comparable certification will be considered on a case-by-case basis if they can demonstrate compliance with the RSPO Principles."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "For companies that are directly involved in the upstream production of palm oil, Morgan Stanley will not provide financing unless the companies either have achieved or are working toward Roundtable on Sustainable Palm Oil (RSPO) certification or a comparable certification. Compliance with applicable laws and regulations is required, including, for those clients operating in Indonesia, compliance with the Indonesian Sustainable Palm Oil system. Companies that are in compliance with applicable laws and regulations but have not obtained nor are working toward RSPO or a comparable certification will be considered on a case-by-case basis if they can demonstrate compliance with the RSPO Principles."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "For companies that are directly involved in the upstream production of palm oil, Morgan Stanley will not provide financing unless the companies either have achieved or are working toward Roundtable on Sustainable Palm Oil (RSPO) certification or a comparable certification. Compliance with applicable laws and regulations is required, including, for those clients operating in Indonesia, compliance with the Indonesian Sustainable Palm Oil system. Companies that are in compliance with applicable laws and regulations but have not obtained nor are working toward RSPO or a comparable certification will be considered on a case-by-case basis if they can demonstrate compliance with the RSPO Principles."
          • 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
            "For companies that are directly involved in the upstream production of palm oil, Morgan Stanley will not provide financing unless the companies either have achieved or are working toward Roundtable on Sustainable Palm Oil (RSPO) certification or a comparable certification. Compliance with applicable laws and regulations is required, including, for those clients operating in Indonesia, compliance with the Indonesian Sustainable Palm Oil system. Companies that are in compliance with applicable laws and regulations but have not obtained nor are working toward RSPO or a comparable certification will be considered on a case-by-case basis if they can demonstrate compliance with the RSPO Principles."
        • 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
        • Commitments must be timebound
          3.4/5.6
          • Commitment details
            Encourage
            2/4
            Commitment details
            Encourage
            2/4
            Type of policy: Compliance is prerequisite for financing
            "For companies that are directly involved in the upstream production of palm oil, Morgan Stanley will not provide financing unless the companies either have achieved or are working toward Roundtable on Sustainable Palm Oil (RSPO) certification or a comparable certification. Compliance with applicable laws and regulations is required, including, for those clients operating in Indonesia, compliance with the Indonesian Sustainable Palm Oil system. Companies that are in compliance with applicable laws and regulations but have not obtained nor are working toward RSPO or a comparable certification will be considered on a case-by-case basis if they can demonstrate compliance with the RSPO Principles."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "For companies that are directly involved in the upstream production of palm oil, Morgan Stanley will not provide financing unless the companies either have achieved or are working toward Roundtable on Sustainable Palm Oil (RSPO) certification or a comparable certification. Compliance with applicable laws and regulations is required, including, for those clients operating in Indonesia, compliance with the Indonesian Sustainable Palm Oil system. Companies that are in compliance with applicable laws and regulations but have not obtained nor are working toward RSPO or a comparable certification will be considered on a case-by-case basis if they can demonstrate compliance with the RSPO Principles."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "For companies that are directly involved in the upstream production of palm oil, Morgan Stanley will not provide financing unless the companies either have achieved or are working toward Roundtable on Sustainable Palm Oil (RSPO) certification or a comparable certification. Compliance with applicable laws and regulations is required, including, for those clients operating in Indonesia, compliance with the Indonesian Sustainable Palm Oil system. Companies that are in compliance with applicable laws and regulations but have not obtained nor are working toward RSPO or a comparable certification will be considered on a case-by-case basis if they can demonstrate compliance with the RSPO Principles."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "For companies that are directly involved in the upstream production of palm oil, Morgan Stanley will not provide financing unless the companies either have achieved or are working toward Roundtable on Sustainable Palm Oil (RSPO) certification or a comparable certification. Compliance with applicable laws and regulations is required, including, for those clients operating in Indonesia, compliance with the Indonesian Sustainable Palm Oil system. Companies that are in compliance with applicable laws and regulations but have not obtained nor are working toward RSPO or a comparable certification will be considered on a case-by-case basis if they can demonstrate compliance with the RSPO Principles."
          • 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
            "For companies that are directly involved in the upstream production of palm oil, Morgan Stanley will not provide financing unless the companies either have achieved or are working toward Roundtable on Sustainable Palm Oil (RSPO) certification or a comparable certification. Compliance with applicable laws and regulations is required, including, for those clients operating in Indonesia, compliance with the Indonesian Sustainable Palm Oil system. Companies that are in compliance with applicable laws and regulations but have not obtained nor are working toward RSPO or a comparable certification will be considered on a case-by-case basis if they can demonstrate compliance with the RSPO Principles."
      • Social Considerations
        6/22
        • Company must ensure Free, Prior and Informed Consent
          3.2/5.6
          • Commitment details
            Yes - Encourage
            2/4
            Commitment details
            Yes - Encourage
            2/4
            "When financing projects in indigenous territories, Morgan Stanley will aim to ensure that the projectsponsors or borrowers, as appropriate, will have demonstrated that: (i) the appropriate parties areengaged with the affected indigenous peoples to achieve free, prior, and informed consent"
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "When financing projects in indigenous territories, Morgan Stanley will aim to ensure that the projectsponsors or borrowers, as appropriate, will have demonstrated that: (i) the appropriate parties areengaged with the affected indigenous peoples to achieve free, prior, and informed consent"
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "When financing projects in indigenous territories, Morgan Stanley will aim to ensure that the projectsponsors or borrowers, as appropriate, will have demonstrated that: (i) the appropriate parties areengaged with the affected indigenous peoples to achieve free, prior, and informed consent"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "When financing projects in indigenous territories, Morgan Stanley will aim to ensure that the projectsponsors or borrowers, as appropriate, will have demonstrated that: (i) the appropriate parties areengaged with the affected indigenous peoples to achieve free, prior, and informed consent"
          • 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 in indigenous territories, Morgan Stanley will aim to ensure that the projectsponsors or borrowers, as appropriate, will have demonstrated that: (i) the appropriate parties areengaged with the affected indigenous peoples to achieve free, prior, and informed consent"
        • Company must respect labour rights
          2.6/5.6
          • Commitment details
            Own operations - Encourage
            1/4
            Commitment details
            Own operations - Encourage
            1/4
            Type of policy: 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"
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            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"
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            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"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            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"
          • 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"
        • 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
    • Soy
      20/64
      • Commitment Strength
        14/42
        • Commodity-specific financing policy
          0/9.6
          • Commitment details
            No
            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
          3.6/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "We expect companies to comply with all relevant local and national laws, including laws that implement international agreements."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We expect companies to comply with all relevant local and national laws, including laws that implement international agreements."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We expect companies to comply with all relevant local and national laws, including laws that implement international agreements."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We expect companies to comply with all relevant local and national laws, including laws that implement international agreements."
          • 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
            "We expect companies to comply with all relevant local and national laws, including laws that implement international agreements."
        • Companies must protect priority forests or globally important landscapes
          7/9.6
          • Commitment details
            All high priority landscapes - Encouraged
            6/8
            Commitment details
            All high priority landscapes - Encouraged
            6/8
            "We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
          • 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
            "We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
        • Assurance mechanism to ensure compliance
          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
        • Commitments must be timebound
          3/5.6
          • Commitment details
            Encourage
            2/4
            Commitment details
            Encourage
            2/4
            Type of policy: Compliance is prerequisite for financing
            "We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
          • 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
            "We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
      • Social Considerations
        6/22
        • Company must ensure Free, Prior and Informed Consent
          3.6/5.6
          • Commitment details
            Yes - Encourage
            2/4
            Commitment details
            Yes - Encourage
            2/4
            "When financing projects in indigenous territories, Morgan Stanley will aim to ensure that the projectsponsors or borrowers, as appropriate, will have demonstrated that: (i) the appropriate parties areengaged with the affected indigenous peoples to achieve free, prior, and informed consent"
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "When financing projects in indigenous territories, Morgan Stanley will aim to ensure that the projectsponsors or borrowers, as appropriate, will have demonstrated that: (i) the appropriate parties areengaged with the affected indigenous peoples to achieve free, prior, and informed consent"
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "When financing projects in indigenous territories, Morgan Stanley will aim to ensure that the projectsponsors or borrowers, as appropriate, will have demonstrated that: (i) the appropriate parties areengaged with the affected indigenous peoples to achieve free, prior, and informed consent"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "When financing projects in indigenous territories, Morgan Stanley will aim to ensure that the projectsponsors or borrowers, as appropriate, will have demonstrated that: (i) the appropriate parties areengaged with the affected indigenous peoples to achieve free, prior, and informed consent"
          • 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 in indigenous territories, Morgan Stanley will aim to ensure that the projectsponsors or borrowers, as appropriate, will have demonstrated that: (i) the appropriate parties areengaged with the affected indigenous peoples to achieve free, prior, and informed consent"
        • Company must respect labour rights
          2.6/5.6
          • Commitment details
            Own operations - Encourage
            1/4
            Commitment details
            Own operations - Encourage
            1/4
            Type of policy: 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"
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            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"
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            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"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            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"
          • 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"
        • 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
    • Timber, Pulp & Paper
      34/64
      • Commitment Strength
        29/42
        • Commodity-specific financing policy
          9.4/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Zero net deforestation
            "We seek to promote the sustainable management of forests, including the protection of high conservation value forests.We prefer to finance only preservation and light, non-extractive use of forest resources for projects in forests where high conservation values are endangered.Companies that are directly involved in timber logging are expected to have obtained or be working toward Forest Stewardship Council (FSC) certification or a comparable certification when we directly finance forestry projects that impact high conservation value forests. Compliance with applicable laws and regulations is required."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We seek to promote the sustainable management of forests, includingthe protection of high conservation value forests.We prefer to finance only preservation and light, non-extractive use of forest resources for projects inforests where high conservation values are endangered.Companies that are directly involved in timber logging are expected to have obtained or be workingtoward Forest Stewardship Council (FSC) certification or a comparable certification when we directly finance forestry projects that impact high conservation value forests. Compliance with applicable lawsand regulations is required."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We seek to promote the sustainable management of forests, includingthe protection of high conservation value forests.We prefer to finance only preservation and light, non-extractive use of forest resources for projects inforests where high conservation values are endangered.Companies that are directly involved in timber logging are expected to have obtained or be workingtoward Forest Stewardship Council (FSC) certification or a comparable certification when we directly finance forestry projects that impact high conservation value forests. Compliance with applicable lawsand regulations is required."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We seek to promote the sustainable management of forests, includingthe protection of high conservation value forests.We prefer to finance only preservation and light, non-extractive use of forest resources for projects inforests where high conservation values are endangered.Companies that are directly involved in timber logging are expected to have obtained or be workingtoward Forest Stewardship Council (FSC) certification or a comparable certification when we directly finance forestry projects that impact high conservation value forests. Compliance with applicable lawsand 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
            "We seek to promote the sustainable management of forests, includingthe protection of high conservation value forests.We prefer to finance only preservation and light, non-extractive use of forest resources for projects inforests where high conservation values are endangered.Companies that are directly involved in timber logging are expected to have obtained or be workingtoward Forest Stewardship Council (FSC) certification or a comparable certification when we directly finance forestry projects that impact high conservation value forests. Compliance with applicable lawsand regulations is required."
        • Companies must be legally operated
          3.6/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "We expect companies to comply with all relevant local and national laws, including laws that implement international agreements."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We expect companies to comply with all relevant local and national laws, including laws that implement international agreements."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We expect companies to comply with all relevant local and national laws, including laws that implement international agreements."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We expect companies to comply with all relevant local and national laws, including laws that implement international agreements."
          • 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
            "We expect companies to comply with all relevant local and national laws, including laws that implement international agreements."
        • Companies must protect priority forests or globally important landscapes
          7/9.6
          • Commitment details
            All high priority landscapes - Encouraged
            6/8
            Commitment details
            All high priority landscapes - Encouraged
            6/8
            "We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
          • 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
            "We will not knowingly finance extractive or commercial logging projects in UNESCO World Heritage sites. We will not knowingly finance or invest in industrial projects where the specified use of proceeds would significantly convert or degrade a critical habitat. Critical habitats are areas of high biodiversity value such as habitats of significant importance to endangered or endemic species and highly threatened and/or unique ecosystems. They include legally protected areas, areas officially proposed by governments as protected areas, and sites identified by a project's environmental impact assessment as vital to the viability of the protected areas."
        • Assurance mechanism to ensure compliance
          3.4/5.6
          • Commitment details
            Encourage
            2/4
            Commitment details
            Encourage
            2/4
            Certification scheme (if applicable): FSC

            Verification method: Certification Scheme
            "We seek to promote the sustainable management of forests, includingthe protection of high conservation value forests.We prefer to finance only preservation and light, non-extractive use of forest resources for projects inforests where high conservation values are endangered.Companies that are directly involved in timber logging are expected to have obtained or be workingtoward Forest Stewardship Council (FSC) certification or a comparable certification when we directly finance forestry projects that impact high conservation value forests. Compliance with applicable lawsand regulations is required."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "We seek to promote the sustainable management of forests, includingthe protection of high conservation value forests.We prefer to finance only preservation and light, non-extractive use of forest resources for projects inforests where high conservation values are endangered.Companies that are directly involved in timber logging are expected to have obtained or be workingtoward Forest Stewardship Council (FSC) certification or a comparable certification when we directly finance forestry projects that impact high conservation value forests. Compliance with applicable lawsand regulations is required."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "We seek to promote the sustainable management of forests, includingthe protection of high conservation value forests.We prefer to finance only preservation and light, non-extractive use of forest resources for projects inforests where high conservation values are endangered.Companies that are directly involved in timber logging are expected to have obtained or be workingtoward Forest Stewardship Council (FSC) certification or a comparable certification when we directly finance forestry projects that impact high conservation value forests. Compliance with applicable lawsand regulations is required."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "We seek to promote the sustainable management of forests, includingthe protection of high conservation value forests.We prefer to finance only preservation and light, non-extractive use of forest resources for projects inforests where high conservation values are endangered.Companies that are directly involved in timber logging are expected to have obtained or be workingtoward Forest Stewardship Council (FSC) certification or a comparable certification when we directly finance forestry projects that impact high conservation value forests. Compliance with applicable lawsand 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
            "We seek to promote the sustainable management of forests, includingthe protection of high conservation value forests.We prefer to finance only preservation and light, non-extractive use of forest resources for projects inforests where high conservation values are endangered.Companies that are directly involved in timber logging are expected to have obtained or be workingtoward Forest Stewardship Council (FSC) certification or a comparable certification when we directly finance forestry projects that impact high conservation value forests. Compliance with applicable lawsand regulations is required."
        • 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
        • Commitments must be timebound
          5.3/5.6
          • Commitment details
            Require
            4/4
            Commitment details
            Require
            4/4
            Type of policy: Companies set own deadline but must be timebound
            "Companies that are in compliance with applicable laws and regulations andhave not obtained nor are working toward FSC or a comparable certification will be considered on acase-by-case basis if they can demonstrate compliance with the FSC Principles, and in such case, wewill introduce or refer relevant clients to credible experts who can help establish a rigorous, time-bound,step-wise approach to achieve certification."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Companies that are in compliance with applicable laws and regulations andhave not obtained nor are working toward FSC or a comparable certification will be considered on acase-by-case basis if they can demonstrate compliance with the FSC Principles, and in such case, wewill introduce or refer relevant clients to credible experts who can help establish a rigorous, time-bound,step-wise approach to achieve certification."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Companies that are in compliance with applicable laws and regulations andhave not obtained nor are working toward FSC or a comparable certification will be considered on acase-by-case basis if they can demonstrate compliance with the FSC Principles, and in such case, wewill introduce or refer relevant clients to credible experts who can help establish a rigorous, time-bound,step-wise approach to achieve certification."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Companies that are in compliance with applicable laws and regulations andhave not obtained nor are working toward FSC or a comparable certification will be considered on acase-by-case basis if they can demonstrate compliance with the FSC Principles, and in such case, wewill introduce or refer relevant clients to credible experts who can help establish a rigorous, time-bound,step-wise approach to achieve certification."
          • Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            "Companies that are in compliance with applicable laws and regulations andhave not obtained nor are working toward FSC or a comparable certification will be considered on acase-by-case basis if they can demonstrate compliance with the FSC Principles, and in such case, wewill introduce or refer relevant clients to credible experts who can help establish a rigorous, time-bound,step-wise approach to achieve certification."
      • Social Considerations
        6/22
        • Company must ensure Free, Prior and Informed Consent
          3.2/5.6
          • Commitment details
            Yes - Encourage
            2/4
            Commitment details
            Yes - Encourage
            2/4
            "When financing projects in indigenous territories, Morgan Stanley will aim to ensure that the projectsponsors or borrowers, as appropriate, will have demonstrated that: (i) the appropriate parties areengaged with the affected indigenous peoples to achieve free, prior, and informed consent"
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "When financing projects in indigenous territories, Morgan Stanley will aim to ensure that the projectsponsors or borrowers, as appropriate, will have demonstrated that: (i) the appropriate parties areengaged with the affected indigenous peoples to achieve free, prior, and informed consent"
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "When financing projects in indigenous territories, Morgan Stanley will aim to ensure that the projectsponsors or borrowers, as appropriate, will have demonstrated that: (i) the appropriate parties areengaged with the affected indigenous peoples to achieve free, prior, and informed consent"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "When financing projects in indigenous territories, Morgan Stanley will aim to ensure that the projectsponsors or borrowers, as appropriate, will have demonstrated that: (i) the appropriate parties areengaged with the affected indigenous peoples to achieve free, prior, and informed consent"
          • 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 in indigenous territories, Morgan Stanley will aim to ensure that the projectsponsors or borrowers, as appropriate, will have demonstrated that: (i) the appropriate parties areengaged with the affected indigenous peoples to achieve free, prior, and informed consent"
        • Company must respect labour rights
          2.6/5.6
          • Commitment details
            Own operations - Encourage
            1/4
            Commitment details
            Own operations - Encourage
            1/4
            Type of policy: 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"
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            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"
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            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"
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            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"
          • 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"
        • 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
  • Reporting & Implementation
    10/20
    • Policy is reviewed and updated
      5/5
      Policy review
      Commit to update policy - Annually or more frequent
      5/5
      "This Policy Statement is the product of extensive dialogue with internal and external stakeholders and is an evolving document that we review annually and update to reflect our strategy and any key developments... This Policy Statement is reviewed annually by the ESRM Group, the GSF Group, the businesses, and other relevant internal functions and may be modified to reflect developments in our sustainability strategy or business operations. The results of the review are presented to the Global Franchise Committee, and material amendments are presented to the Nominating and Governance Committee of the Board of Directors for their consideration."
    • Companies must disclose subsidiaries in commodity supply chains
      0/5
    • Monitoring and non-compliance process
      5/5
      Monitoring compliance
      Yes - Screening and monitoring process
      5/5
      "Portfolio managersare responsible for evaluating risks and opportunities foreach investment, including relevant ESG issues, at industry,company and portfolio levels. When an investment teamdetermines that an ESG issue is relevant to their analysis, itis considered in the team’s evaluation of and engagementwith a company or portfolio."
    • Reporting on implementation of the policy
      0/5
  • Commitment strength
    22/42
    Avg. score
  • Social considerations
    6/22
    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 15 lenders to Forest 500 companies, with loans amounting to more than 36 billion USD across a broad range of forest risk sectors. They are also among the top 20 shareholders for Forest 500 companies, with more than 19 billion USD worth of shares.

HQ
HQ 
United States
Financial institution type
Financial institution type 
Asset management, 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.