Goldman Sachs puts premium on sustainable investing with new global markets council
Goldman Sachs Group on Wednesday said it had created a council of traders, sales staff and others to share expertise on sustainable finance and investing, as clients search for ways to achieve climate change investment commitments despite the twin shocks of coronavirus and the sliding price of oil.
The Global Markets Division Sustainable Solutions Council's roughly 20 members will meet every few weeks to share information about strategies and what is working for trading teams based across the Americas, Europe and Asia, said Stacy Selig, co-head of Goldman's global markets structuring and solutions business.
"The council pulls together a collection of people who have the perfect expertise to share information more widely across the division and firm," Ms Selig said in an interview with Reuters.
Sustainable investing sceptics have questioned for some time how well portfolios focused on environmental, social and governance (ESG) issues would perform in a down market.