Morgan Stanley’s Sustainable Solutions Collaborative Announces Third Cohort of Innovators
07 Dezember 2023 - 1:37PM
Business Wire
- Cohort consists of five organizations working to tackle global
sustainability challenges, from repurposing “forever chemicals” and
agricultural waste to creating greener housing materials and
colorants
- Each winning team to receive a $250,000 award and participate
in a yearlong program to support their work scaling innovative
solutions
The Morgan Stanley Institute for Sustainable Investing (the
Institute) today announced the third cohort of its Sustainable
Solutions Collaborative (the Collaborative). Launched in 2020, the
Collaborative aims to identify breakthrough innovations that
address complex global sustainability issues.
The third cohort will participate in a bespoke yearlong
strategic collaboration with the Institute, allowing each
organization to tap into the full range of Morgan Stanley’s
expertise, networks and resources to help achieve scale. Each
winner will also receive an award of $250,000 to increase the
impact of their initiatives.
The Institute engaged a diverse network of sustainability
thought leaders and practitioners from a wide variety of sectors to
make anonymous nominations. Chosen from the most competitive
applicant pool yet, the winning organizations show great potential
for systemic impact and will benefit from deep and sustained
engagement with Morgan Stanley, as well as partnerships across
private and public sectors and disciplines.
“To tackle complex sustainability challenges, we need to advance
innovative systemic solutions,” said Jessica Alsford, Morgan
Stanley Chief Sustainability Officer and CEO of the Institute for
Sustainable Investing. “This year’s Sustainable Solutions
Collaborative members are dedicated to making a significant impact
on our planet and society, and we are excited to support their
groundbreaking work.”
The organizations in the 2023 Sustainable Solutions
Collaborative include:
- EarthEnable, a nonprofit headquartered in Rwanda and
operating across East Africa, designs and builds affordable housing
products made from local, natural materials – including
transforming disease-causing dirt floors using compacted earth and
a flax-based sealant for healthy and sustainable housing.
- MycoTile, a Kenyan startup, manufactures insulation
materials made from agricultural waste bonded with mushroom
mycelium. Their carbon-negative product delivers stronger
insulative properties at a lower price than traditional building
materials.
- Puraffinity, a UK-based startup, is tackling the health
and environmental challenges of per- and polyfluoroalkyl substances
(PFAS), also known as “forever chemicals.” Their low-carbon green
chemistry approach allows for PFAS capture and reuse.
- RECARBON, an Italian startup, gives new value to carbon
fiber waste, creating innovative products made of recycled carbon
fiber with significant cost savings and reduced carbon intensity of
virgin carbon fiber products.
- Sparxell, a UK-based startup, is leveraging patented
technology to develop the first bioinspired fully biodegradable
non-toxic pigments, glitters, sequins and films. Extractable from
agricultural waste, the company’s products enable a more resilient
supply chain.
“This year’s Sustainable Solutions Collaborative winners were
selected from our largest group of applicants to date, underscoring
the breadth of innovative solutions entering the marketplace,” said
Matthew Slovik, Head of Global Sustainable Finance at Morgan
Stanley. “In providing these organizations with capital, networking
opportunities and additional resources for growth, we aim to help
them bring their game-changing concepts to scale.”
The 2023 Collaborative members join two previous cohorts of
organizations developing innovations including solar irrigation
systems, soil carbon monitoring, community healthcare access,
seaweed-based plastic alternative and ultra-low-carbon concrete.
These ten alumni organizations are working across four continents
and global oceans.
To learn more about the Sustainable Solutions Collaborative,
please visit here.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing a wide range of investment banking, securities,
wealth management and investment management services. With offices
in 42 countries, the Firm’s employees serve clients worldwide
including corporations, governments, institutions and individuals.
For further information about Morgan Stanley, please visit
www.morganstanley.com.
About the Institute for Sustainable Investing
The Morgan Stanley Institute for Sustainable Investing (The
Institute) builds scalable finance solutions that seek to deliver
competitive financial returns while driving positive environmental
and social impact. Founded in 2013, The Institute creates
innovative financial products, thoughtful insights and capacity
building programs that help maximize capital to create a more
sustainable future. For more information about the Morgan Stanley
Institute for Sustainable Investing, visit
www.morganstanley.com/sustainableinvesting.
Disclosures:
This material was published in December 2023 and has been
prepared for informational purposes only and is not a solicitation
of any offer to buy or sell any security or other financial
instrument or to participate in any trading strategy. This material
was not prepared by the Morgan Stanley Research Department and is
not a Research Report as defined under FINRA regulations. This
material 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. Morgan
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This material contains forward-looking statements and there can
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CRC 6129229 12/2023
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