Finance
Goldman Expands Sustainability Efforts With New Investing Team
- Bank brings back former partner Ken Pontarelli to lead group
- Move is latest in a wave of climate pledges from finance firms
Photographer: Jacob Kepler/Bloomberg
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Goldman Sachs Group Inc. is starting a group focused on investment opportunities in clean energy, waste and other sustainability industries, joining several major banks in making climate commitments in recent weeks.
Ken Pontarelli will return to the firm as a partner to lead the team, which will fall under the merchant-banking division, according to a memo division head Julian Salisbury sent to employees Thursday. Pontarelli left Goldman in 2017 and founded an investment firm called Mission Driven Capital Partners LLC.