Climate Transition and Inclusive Growth - Goldman Sachs Asset Management

At a Glance

$750

BillionSustainable Finance Goal Firmwide by 2030

$325

BillionIn Sustainability Related AUS

20+

YearsTrack Record

$10

BillionInvestment to Positively Impact the Lives of One Million Black Women by 2030

200+

ProfessionalsDedicated to Sustainable Investing

Source: Goldman Sachs Asset Management. As of December 31, 2023. Asset Under Supervision (AUS) figures are for explicit ESG investment strategies only where ESG or sustainability factors are an important component. AUS includes assets under management and other client assets for which Goldman Sachs does not have full discretion. The portfolio risk management process includes an effort to monitor and manage risk but does not imply low risk.
We’re deploying $750 billion across investing, financing and advisory activities by 2030 and bringing our commercial expertise to help our clients support climate transition and advance inclusive growth.

Transitioning to a Low-Carbon, Inclusive Economy

Supporting the Climate Transition

Climate change is a global challenge. We are investing in industries that are transforming their operations and business models, as well as solution providers, to help usher in a low-carbon economy. We focus on five key themes: clean energy, sustainable transport, sustainable food and agriculture, waste and materials, and ecosystem services.

Advancing Inclusive Growth

We are supporting under-served populations by leveraging our capabilities to improve access and affordability. We focus on four themes: healthcare, financial inclusion, education, and communities. An increasing number of entrepreneurs and enterprises have leveraged technology, business model innovation, and big data to create businesses that grow by driving better outcomes at lower cost for businesses and governments.

Goldman Sachs Sustainability Report

Our sustainability strategy is centered on how we can support our clients in achieving their sustainability objectives. We help them address challenges, close gaps, and unlock opportunities to support the climate transition and drive inclusive growth.

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Our Approach to Stewardship

Find out more about the main elements of our stewardship program and how we seek to apply them.

Policies and Governance

We have policies, procedures, industry standards, and governance structures in place to ensure we act in accordance with the applicable laws and regulations.

Reports

Reporting on our activity is key to our approach to sustainability and helps explain how we drive progress through our investments on behalf of our clients.

Our Firmwide Commitments

Sustainable Finance

We bring our commercial expertise to help our clients accelerate climate transition and advance inclusive growth.

Diversity and Inclusion

We cultivate a diverse work environment and workforce, which is critical to meeting the unique needs of our diverse client base and the communities in which we operate.

Communities

We deploy catalytic capital that helps level the playing field and sparks economic growth for people and communities around the world.

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Contact Goldman Sachs Asset Management for a detailed discussion of your needs.

GlossaryClean Energy: Clean energy is produced from sources that release no greenhouse gases or other pollutants into the environment.See Glossary for definition of terms used in reference to Products

Risk considerations and disclosures

Environmental, Social and Governance (“ESG”) strategies may take risks or eliminate exposures found in other strategies or broad market benchmarks that may cause performance to diverge from the performance of these other strategies or market benchmarks. ESG strategies will be subject to the risks associated with their underlying investments’ asset classes. Further, the demand within certain markets or sectors that an ESG strategy targets may not develop as forecasted or may develop more slowly than anticipated. Any ESG characteristics, views, assessments, claims or similar referenced herein (i) will be based on, and limited to, the consideration of specific ESG attributes or metrics related to a product, issuer or service and not their broader or full ESG profile, and unless stated otherwise, (ii) may be limited to a point of time assessment and may not consider the broader lifecycle of the product, issuer or service, and (iii) may not consider any potential negative ESG impacts arising from or related to the product, issuer or service.

Emerging markets investments may be less liquid and are subject to greater risk than developed market investments as a result of, but not limited to, the following: inadequate regulations, volatile securities markets, adverse exchange rates, and social, political, military, regulatory, economic or environmental developments, or natural disasters.

Equity investments are subject to market risk, which means that the value of the securities in which it invests may go up or down in response to the prospects of individual companies, particular sectors and/or general economic conditions. Different investment styles (e.g., “growth” and “value”) tend to shift in and out of favor, and, at times, the strategy may underperform other strategies that invest in similar asset classes. The market capitalization of a company may also involve greater risks (e.g. "small" or "mid" cap companies) than those associated with larger, more established companies and may be subject to more abrupt or erratic price movements, in addition to lower liquidity.

International securities may be more volatile and less liquid and are subject to the risks of adverse economic or political developments. International securities are subject to greater risk of loss as a result of, but not limited to, the following: inadequate regulations, volatile securities markets, adverse exchange rates, and social, political, military, regulatory, economic or environmental developments, or natural disasters.

The track record information and operational commitments on this page also relate to Goldman Sachs’s sustainability practices and track record at an organizational and investment team level, which may not be reflected in the portfolio of the product(s).

Firmwide sustainability goals are not binding characteristics of specific products. There is no guarantee that any particular ESG objective will be pursued or met with respect to any particular product.

THIS MATERIAL DOES NOT CONSTITUTE AN OFFER OR SOLICITATION IN ANY JURISDICTION WHERE OR TO ANY PERSON TO WHOM IT WOULD BE UNAUTHORIZED OR UNLAWFUL TO DO SO.

Prospective investors should inform themselves as to any applicable legal requirements and taxation and exchange control regulations in the countries of their citizenship, residence or domicile which might be relevant.

This material is provided for informational purposes only and should not be construed as investment advice or an offer or solicitation to buy or sell securities. This material is not intended to be used as a general guide to investing, or as a source of any specific investment recommendations, and makes no implied or express recommendations concerning the manner in which any client’s account should or would be handled, as appropriate investment strategies depend upon the client’s investment objectives.

This information discusses general market activity, industry or sector trends, or other broad-based economic, market or political conditions and should not be construed as research or investment advice. This material has been prepared by Goldman Sachs Asset Management and is not financial research nor a product of Goldman Sachs Global Investment Research (GIR). It was not prepared in compliance with applicable provisions of law designed to promote the independence of financial analysis and is not subject to a prohibition on trading following the distribution of financial research. The views and opinions expressed may differ from those of Goldman Sachs Global Investment Research or other departments or divisions of Goldman Sachs and its affiliates. Investors are urged to consult with their financial advisors before buying or selling any securities. This information may not be current and Goldman Sachs Asset Management has no obligation to provide any updates or changes.

Any reference to a specific company or security does not constitute a recommendation to buy, sell, hold or directly invest in the company or its securities. It should not be assumed that investment decisions made in the future will be profitable or will equal the performance of the securities discussed in this document.

Although certain information has been obtained from sources believed to be reliable, we do not guarantee its accuracy, completeness or fairness. We have relied upon and assumed without independent verification, the accuracy and completeness of all information available from public sources.

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There is no guarantee that objectives will be met.

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