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Goldman CEO Says Sustainable Investing Must Go Mainstream

  • Solomon says firms must get creative to grow that market
  • Finance moving ‘much faster’ than sovereigns, Duverne says
David Solomon listens during the Bloomberg Global Business Forum in New York on Sept. 25.
David Solomon listens during the Bloomberg Global Business Forum in New York on Sept. 25.Photographer: Tiffany Hagler-Geard/Bloomberg
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Banks and other financial firms need to get creative to bring sustainable investments into the mainstream, said David Solomon, Goldman Sachs Group Inc.’s chief executive officer.

Conversations with clients about climate exposure have “amped up materially” over the last two years, but sustainable investments like green bonds are still “relatively niche,” Solomon said Wednesday at the Bloomberg Global Business Forum in New York. Such investments represent just 1% of capital markets activity, he said.