In July, Goldman Sachs formed a Sustainable Finance Group, a much-hailed project that CEO David Solomon in a letter called a “significant, long-term” priority that is increasingly a “strategic growth opportunity and competitive necessity for our firm and our clients.”

Goldman and other banks have for years been researching and investing the topic, which has morphed into projects and financing that is now known as ESG — or environmental, social, and corporate governance.

This year has been critical.

“Now, more and more often, clients are coming to us for advice on how to tackle climate change,” John Goldstein head of Goldman’s Sustainable Finance Group, said in an interview with Markets Insider. “At the end of the day, people want to make money. And, say — take a pension fund, people need to get their money in 20 or 30 years, climate change poses a question of, will people get that money then? And how will the fund be affected?

Editorial Team
The Editorial Team comprises a diverse and talented team of writers, researchers and subject matter experts equipped with data and insights to deliver useful news updates. We are experts with the mission to inform, educate and inspire the industry. We are passionately curious, enthusiastic, and motivated to positively impact the world. Send us a tip via hello @ pvbuzz [dot] com.

PepsiCo prices its first-ever green bond at US$1 billion to fund key sustainability initiatives

Previous article

Homeowners and corporations blame Tesla solar systems for rooftop fires. But do they have merit?

Next article

You may also like

Comments

Comments are closed.

More in News Watch