Morgan Stanley has unveiled an Institute for Sustainable Investing, a new division of the bank aimed at responsible and sustainable long-term investing, according to a company statement.

With a goal of $10 billion in assets by year five, the institute will attempt to harness what it calls “thought leadership” in the area of sustainability and promote financial solutions via partnerships with public, private and non-profit sectors. The statement notes the importance of attracting a range of private sector capital to achieve scale for this institute and achieve real impact.

The Institute for Sustainability will seek to invest in products with “positive social and/or environmental impact[s],” as well as pledge $1 billion in a sustainable communities initiative to improve the quality and affordability of lower income housing. It seeks to invest in opportunities to ensure lasting supplies of essentials such as food, energy and shelter.

Chairman and CEO James Gorman, along with CEOs from a variety of groups such as Feeding America and New York Presbyterian Hospital, will sit on the institute’s advisory board. Morgan Stanley is a global financial services firm with over $780 billion in total assets.