Goldman Sachs Update on 2030 Sustainable Finance Commitment

Goldman Sachs have posted an update to their 2030 Sustainable Finance Commitment on their website here. I have included it below. Year One Progress and New Initiatives by David Solomon, Goldman Sachs Chairman and CEO Just over a year ago, we developed a framework to put climate transition and inclusive growth at the forefront of our work with clients. And to demonstrate the depth of our commitment, we announced that we would target $750 billion in financing, investing, and advisory activity to nine areas focused on these two priorities by…

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Goldman Sachs Commits $10 Billion in Investment Capital and $100 Million in Philanthropic Capital To Impact The Lives of One Million Black Women

The Goldman Sachs Group, has announced a new investment initiative of more than $10 billion to advance racial equity and economic opportunity by investing in Black women. In partnership with Black women-led organizations, financial institutions and other partners, Goldman Sachs will commit $10 billion in direct investment capital and $100 million in philanthropic capital over the next decade to address the dual disproportionate gender and racial biases that Black women have faced for generations, which have only been exacerbated by the pandemic. The initiative, One Million Black Women, is named…

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Goldman Sachs Issues $800 Million Sustainability Bond

The Goldman Sachs Group, Inc. has announced that it has settled an $800 million Sustainability Bond to accelerate climate transition and advance inclusive growth across nine core thematic areas: clean energy, sustainable transport, sustainable food and agriculture, waste and materials, ecosystem services, accessible and innovative healthcare, accessible and affordable education, financial inclusion, and communities. The bond is unique in that eligible categories are based on the above mentioned nine key impact themes that also underpin Goldman Sachs’ sustainable finance commitment. The commitment includes a target to deploy $750 billion across…

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Goldman Sachs 10,000 Small Businesses and MetLife Foundation Partner With Leading Pro Bono Expert Taproot Foundation to Support Small Businesses

In response to the dire economic challenges presented by COVID-19, Taproot Foundation, a national nonprofit that connects organizations with volunteers sharing their professional expertise pro bono, today announced it will open its online volunteer matchmaking program to small businesses in need of professional consulting support. Taproot Plus for Small Business is made possible in part by support from MetLife Foundation and Goldman Sachs 10,000 Small Businesses. Taproot Plus, Taproot’s open-access online platform, launched in 2015 and has since directed over $35 million worth of pro bono services to organizations in need. Through Taproot Plus…

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World leading private sector companies pledge net zero carbon buildings to combat climate crisis

Seven world leading private sector companies announced ambitious pledges to slash emissions from their buildings to net zero, by signing up to the World Green Building Council’s (WorldGBC) Net Zero Carbon Buildings Commitment (the Commitment). These organisations have pledged to take urgent action to ensure their own portfolios of buildings operate at net zero carbon by 2030 or sooner.  The Commitment is unique in positioning energy efficiency as a central component to achieving decarbonisation across building portfolios, in addition to generating and procuring renewable energy to meet reduced energy demand.…

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