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AGM 2025 at Morgan Stanley and NBIM (0.9% of votes, $1.8 billion) this year also votes AGAINST Morgan Stanley to disclose the ratio of clean to dirty financing. Proposal cast by New York pensions funds, Controller of New York +++ www.nbim.no/no/ansvarlig...

May 16, 2025, 8:27 PM

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  "text": "AGM 2025 at Morgan Stanley and NBIM (0.9% of votes, $1.8 billion) this year also votes AGAINST Morgan Stanley to disclose the ratio of clean to dirty financing. \n\nProposal cast by New York pensions funds, Controller of New York +++\nwww.nbim.no/no/ansvarlig...",
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          "alt": "https://www.morganstanley.com/content/dam/msdotcom/en/about-us-2025ams/2025_Proxy_Statement.pdf\n\nThe Comptroller of the City of New York, Brad Lander, One Centre Street, 8th Floor North, New York, NY\n10007, on behalf of the New York City Teachers’ Retirement System, the beneficial owner of 645,772 shares\nof common stock; the New York City Employees’ Retirement System, the beneficial owner of 397,103 shares\nof common stock; and the New York City Police Pension Fund, the beneficial owner of 253,185 shares of\ncommon stock, has notified the Firm that it intends to present the following proposal and related supporting\nstatement at the annual meeting.\nProponent’s Statement\nEnergy Supply Ratio\nResolved: Shareholders request Morgan Stanley (‘‘Company’’) disclose annually its Energy Supply Ratio\n(‘‘ESR’’), defined as its total financing through equity and debt underwriting, and project finance, in low-carbon\nenergy supply relative to that in fossil-fuel energy supply. The disclosure, prepared at reasonable expense and\nexcluding confidential information, shall describe Company's methodology, including what it classifies as ‘‘low\ncarbon’’ or ‘‘fossil fuel.’’ Company should include lending in its ESR if methodologically sound.\nSupporting Statement:\nAs a major global bank, Company is broadly exposed to financial stability risks posed by climate change and\nhas made certain climate-related commitments. Banks aligning their activities with their climate goals are\nbetter prepared to manage risk, including legal, reputational and financial risks associated with climate\nchange and capitalize on opportunities associated with the global energy transition.\n\n",
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