Goldman Sachs Group Inc 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 the coronavirus and the sliding price of oil.
FILE PHOTO: A Goldman Sachs sign is displayed inside the company's post on the floor of the New York Stock Exchange in New York, U.S., April 18, 2017. REUTERS/Brendan McDermid
The Global Markets Division Sustainable Solutions Council’s roughly 20 members will meet every few weeks to share strategies and build data sets and analytics tools, said Stacy Selig, co-head of Goldman’s global markets structuring and solutions business. Sustainable investing skeptics have questioned for sometime how well portfolios focused on environmental, social and governance issues would perform in a down market.
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