Goldman Sachs' fund division is leaving Climate Action 100+ due to political backlash.

From Investing.com: 2024-08-09 11:36:37

Goldman Sachs’ fund division is leaving Climate Action 100+ due to political backlash in the U.S., following criticism for potentially breaching antitrust rules. A Republican leader demanded over 130 investors explain their ESG goals. Other financial companies, such as Aristotle Credit, Mellon Investment Corp, and State Street Global Advisors, have also left the group recently. Climate Action 100+ had no immediate comment on Goldman’s decision. A spokesperson stated that investors are independent fiduciaries responsible for their investment decisions regarding climate risks and opportunities.



Read more at Investing.com: Goldman Sachs’ fund division to leave climate investor group By Reuters