ESG Publications

All materials, information and data on this website were prepared by Morgan & Co. LLC, Morgan Smith Barney LLC and their affiliates (collectively hereafter, “Morgan”). 

FORWARD-LOOKING STATEMENTS 

Certain statements herein, including expectations related to targets, goals, aspirations or objectives such as financed emissions targets, including interim targets, commitments, representation objectives and the achievement thereof, may be “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results or actions may differ from anticipated goals, approaches and targets set forth in the forward-looking statements. These statements are not historical facts or statements of current conditions, but instead are based on management’s current expectations and are subject to uncertainty and changes in circumstances. These statements are not guarantees of future results or occurrences and involve certain known and unknown risks, uncertainties and assumptions that are difficult to predict and are often beyond our control. In addition, this website contains statements based on hypothetical scenarios and assumptions, which may not occur or differ significantly from actual events, and these statements should not necessarily be viewed as being representative of current or actual risk or forecasts of expected risk. 

Actual results and financial conditions may differ materially from those included in these statements due to a variety of factors, including, among others, data quality and availability, global socio-demographic, political and economic conditions and trends; energy prices; technological innovations; climate-related conditions and weather events; counterparty and client behavior and financial health; the evolution of consumer behavior; insurance applicability, legislative and regulatory changes; the need for thoughtful climate policies, the challenge of balancing short-term targets with the need to facilitate an orderly transition and energy security, our ability to retain and attract qualified employees in a competitive environment for talent; the potential impact of legal and regulatory obligations; and other unforeseen events or conditions, and the precautionary statements included on this website and those contained in Morgan’s periodic filings with the Securities and Exchange Commission (SEC) under the Securities Exchange Act of 1934, as amended (Exchange Act). Certain forward-looking statements included on this website are also based on assumptions, standards, metrics, methodologies and frameworks for measurement, reporting and analysis of climate change that continue to evolve, vary across jurisdictions and regulatory bodies and are the subject of proposed regulatory changes in multiple jurisdictions, which may have a material impact on our future measurement and reporting, as well as the results of Morgan’s efforts. Any forward-looking statements made by or on behalf of Morgan speak only as to the date they are made, and Morgan does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made. 

MATERIALITY 

The disclosures included here are being provided to the public in an effort to provide transparency into our ESG initiatives and to further enhance our collective understanding of ESG issues. Our approaches to the disclosures included on  this website differ in significant ways from those included in mandatory regulatory reporting, including under SEC rules and regulations. Information on this website may be presented from a different perspective or in more detail than disclosures mandated by our global regulators. In particular, while the foregoing discussion describes potential future events that may be significant or material (based on disclosure recommendations and broader definitions of materiality used by certain voluntary external frameworks and reporting guidelines or those in non-U.S. jurisdictions), the significance or materiality of those potential events should not be read as equating to or arising to the level of materiality as required under U.S. federal securities laws, including as the concept is used in Morgan’s periodic filings with the SEC under the Exchange Act. In addition, any discussion of forward-looking statements on these webpages is not an indication that the subject or information is material to Morgan for U.S. federal securities laws and regulations reporting purposes. We continue to monitor the climate disclosure landscape and evolve our reporting accordingly. 

OTHER DISCLOSURES 

The information provided here reflects Morgan’s approach to ESG as at the date of this writing and is subject to change without notice. We do not undertake to update any of such information on this website. 

Any references to “sustainable investing”, “sustainable investments”, “ESG” or similar terms in this writing are intended as references to the internally defined criteria of the firm or our businesses only, as applicable, and not to any jurisdiction-specific regulatory definition. This website is not intended to, nor can it be relied upon, to create legal relations, rights or obligations. This material is provided for informational purposes only and is not intended as advertising or as a recommendation to purchase any asset, product or service. 

Individual funds and client accounts may have specific ESG-related goals and restrictions that affect ESG integration.  Please refer to governing documents of individual vehicles to understand their binding ESG criteria. ESG strategies that incorporate impact investing and/or ESG factors could result in relative investment performance deviating from other strategies or broad market benchmarks, depending on whether such sectors or investments are in or out of favor in the market. As a result, there is no assurance ESG strategies could result in more favorable investment performance.  This website does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. Any securities mentioned are provided for informational purposes only and should not be deemed as a recommendation to buy or sell any security or other financial instrument or to participate in any trading strategy. Securities discussed on this website may not be appropriate for all investors. It should not be assumed that the securities transactions or holdings discussed were or will be profitable. Morgan recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a Morgan Financial Advisor. The appropriateness of a particular investment or strategy will depend on an investor’s individual circumstances and objectives. Past performance is not a guarantee of future results or indicative of future performance or results. 

The trademarks and service marks contained herein are the property of their respective owners. This material is not a product of Morgan’s Research Department or a research report, but it may refer to material from a research analyst or a research report. For copies of reports from Morgan’s Research Department please go to https://www.morganstanley.com/institutional/research/. Please note that there is currently no standard definition of blue or green bond. Without limiting any of the statements contained herein, Morgan makes no representation or warranty as to whether these bonds constitute a blue or green bond or conforms to investor expectations or objectives for investing in blue or green bonds. For information on characteristics of the bonds, use of proceeds, a description of applicable project(s), and/or any other relevant information about the bonds, please reference the offering documents for the bonds. By providing a link to a third-party website(s), online publication(s) or article(s), Morgan is not implying an affiliation, sponsorship, endorsement, etc. with the third party or that any monitoring is being done by Morgan of any information contained within the article(s), online publication(s) or website(s). Morgan is not responsible for the information contained on the third-party website(s) or your use of or inability to use such site(s). Nor do we guarantee their accuracy and completeness. The terms, conditions and privacy policy of any third-party website may be different from those applicable to your use of any Morgan website. The opinions expressed by the author(s) are solely their own and do not necessarily reflect those of Morgan. 

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