ESG & Investing
Goldman Follows Pimco, JPMorgan in Quitting Major Climate Club
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The asset management unit of Goldman Sachs Group Inc. has walked away from the world’s biggest climate alliance for investors, marking the latest in a string of similar defections amid continued Republican Party attacks on green finance.
Goldman Sachs Asset Management confirmed its withdrawal from Climate Action 100+ in an email to Bloomberg on Tuesday. GSAM has “made investments in our ability to meet the sustainable investing needs of our clients and remain committed to leveraging our global capabilities,” a spokesperson for the firm said. The comments were reported earlier by ESG Today.