GS says ESG to become core part of strategy

Goldman Sachs has said it plans to issue more ESG bonds in its effort to manage $750 billion in sustainable financing by 2030.

Carey Halio, chief executive officer of Goldman Sachs Bank USA  said last week, “We expect to issue once every 12 to 18 months with respect to benchmark issuance and we have the flexibility to do other kinds of liabilities as well rather than the benchmark bond. We think it will be a core part of our strategy going forward.”

The firm also said it will also consider issuing in different currencies in the future, including in euros. David Solomon, chairman and chief executive at Goldman, said that building a low-carbon and an inclusive economy is a “business imperative”.