Goldman Sachs Asset Management Exits Climate Action 100+

Goldman Sachs Asset Management has exited Climate Action 100+, a major climate-focused investor network, amid growing political pressure in the U.S. The network, which engages with major corporations to reduce greenhouse gas emissions and improve climate-related disclosures, has faced scrutiny from anti-ESG politicians who accuse its members of prioritizing environmental goals over fiduciary duties. Goldman Sachs’ departure follows similar exits by other asset managers, including Invesco and JPMorgan Asset Management. Despite this, Climate Action 100+ remains a significant player in climate stewardship, emphasizing that climate risk is a financial risk that should be considered in investment decisions. Resources: https://www.esgtoday.com/goldman-sachs-asset-management-exits-climate-action-100/