Reported 28 days ago
Goldman Sachs has introduced an ESG stock-picking model that favors companies like coal giant Glencore for their recycling efforts, while advising against investments in major tech firms like Microsoft and Alphabet. The model prioritizes circularity, indicating that companies excelling in waste management and material reuse are better long-term investments. Despite criticism surrounding Glencore's coal operations, Goldman argues that its recycling initiatives position it favorably within ESG frameworks. This approach signifies a growing recognition of the circular economy's importance in sustainable investing.
Source: YAHOO