Morgan Stanley’s 1GT Climate Private Equity Fund Closes at $750 Million, Targeting Gigaton CO2 Reduction

Morgan Stanley Investment Management has launched its 1GT climate private equity fund, successfully raising $750 million to invest in innovative companies in North America and Europe aimed at significantly reducing the global carbon footprint. The fund integrates financial incentives with environmental goals, with half of the team’s compensation linked to achieving the avoidance or removal of one gigaton of CO2 emissions by 2050. Notable investments include companies like Instagrid, Huel, and Everstream Analytics, reflecting a commitment to sustainable mobility, nutrition, and supply chain improvements. This initiative exemplifies Morgan Stanley’s strategy of delivering fiduciary returns while promoting substantial climate impact. Resources: https://esgnews.com/morgan-stanleys-1gt-climate-private-equity-fund-closes-at-750-million-targeting-gigaton-co2-reduction/