Bloomberg Law
Free Newsletter Sign Up
Bloomberg Law
Welcome
Go
Free Newsletter Sign Up

Goldman Sachs Earth Day Impact Report Shows Change Isn’t Easy

April 22, 2019, 6:35 PM

Goldman Sachs Group Inc. is finding that it’s not easy being green.

In its annual sustainability report, released April 22, the Wall Street firm reported that dedicated impact investing and environmental, social and governance assets under management rose to $17 billion at the end of 2018, from $11.3 billion a year earlier. Goldman also became the first bank to publish its report in line with Sustainability Accounting Standards Board metrics sought by investors to highlight material environmental issues in the business.

But the report also showed that making progress is challenging. While Goldman has increased investment in green operations to ...