Goldman Sachs has announced it is forming a Sustainable Finance Group. The firm says that this announcement is in line with its commitment to deploying its expertise and position in the capital markets to help address issues that impact society. The new Group is a response to the increasing opportunities to deliver leading sustainability and impact investing expertise to its clients across a broad range of growth themes.
The Sustainable Finance Group will be responsible for partnering with Goldman Sachs businesses to better serve its clients, drive innovation and capture emerging opportunities as sustainable growth becomes more top of mind for investors, institutions and companies around the world.
The group will be led by John Goldstein, co-founder of Imprint Capital, a dedicated sustainable investing firm acquired by Goldman Sachs Asset Management in 2015. Within the group, Kyung-Ah Park will continue to lead its environmental markets work and also drive innovative finance. Kara Succoso Mangone will serve as chief operating officer of the effort, leveraging her experience engaging with our global investor base on these issues.
The group’s efforts in delivering sustainable growth solutions for its clients will be guided and supported by a cross-divisional steering group comprising senior business leaders who are already engaged with the firm's clients on these opportunities. The group will also drive a number of initiatives to provide clients with comprehensive sustainability expertise across financing, advisory, risk management, asset management and investing.
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