Goldman Investors Reject Proposals for Tougher Climate Goals (2)

Goldman Sachs shareholders on Wednesday voted against several proposals calling on the bank to overhaul its climate approach.

A proposal from As You Sow sought a climate transition report for the bank to disclose how it plans to align its financing activities with its 2030 sectoral greenhouse gas emissions reduction targets. The proposal secured approximately 30% of investor support.

“It’s a good result, and we think banks will strengthen their transition planning as a result,” Danielle Fugere, president of As You Sow, told Bloomberg Law. She said the organization is working with banks to “help clarify what’s useful ...