Reported 20 days ago
Goldman Sachs has decided to leave the Net-Zero Banking Alliance, a significant climate coalition for banks, due to increasing regulatory complexities and political pressures surrounding climate finance. This departure reflects a broader trend among financial institutions reassessing their commitments to such coalitions amidst a contentious political landscape regarding ESG (Environmental, Social, and Governance) investments. Goldman indicated that its focus remains on achieving sustainability goals and adapting to new reporting requirements, while other firms are similarly reconsidering their participation in climate initiatives.
Source: YAHOO