Morgan Stanley Launches Sustainable Solutions Accelerator to Address Global Sustainability Challenges
Morgan Stanley announced the launch of the Morgan Stanley Sustainable Solutions Accelerator – a new strategic initiative to identify breakthrough innovations focused on systemic change for sustainability. The Initiative will have three major elements: a new Sustainable Solutions Innovation Award; a year-long intensive partnership with Morgan Stanley; and an ongoing Sustainable Solutions Collaborative that will provide an ongoing forum for cross-sector collaboration to drive sustainable solutions at scale.
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“The challenges that have come to the forefront this year exposed just how urgently we need to address structural issues in societal and environmental design,” said James Gorman, Morgan Stanley CEO and Chair of the Institute for Sustainable Investing Advisory Board. “The Sustainable Solutions Accelerator represents Morgan Stanley’s latest commitment to help scale the solutions that drive positive, sustainable and systemic change, and builds on the longstanding work of our Institute for Sustainable Investing.”
In its first year, the Sustainable Solutions Accelerator will select five breakthrough innovations that are tackling major global sustainability challenges. Those selected will each receive a $250,000 Sustainable Solutions Innovation Award to develop and help scale the solution.
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Innovators will also participate in a year-long, strategic partnership with experts at the Institute for Sustainable Investing where they will have access to the full range of Morgan Stanley’s expertise, networks and innovative solutions to help them achieve scale and sustained impact. After the initial year, the innovators will become part of the Morgan Stanley Sustainable Solutions Collaborative, a group of leaders focused on helping solve some of the world’s most pressing sustainability challenges.
“Whether the challenge is climate change, social justice or plastic waste reduction, we cannot drive global, systemic change if we persist in business-as-usual thinking,” said Audrey Choi, Morgan Stanley’s Chief Sustainability Officer and CEO of the Institute for Sustainable Investing. “Now is the time to support holistic solutions that will become the next frontier in sustainable investing.”
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