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Goldman Sachs

Climate love

Goldman Sachs sets 2030 carbon emissions reduction targets

Goldman Sachs Group Inc. plans to reduce the carbon footprint of its fossil-fuel clients by a fifth, and slash emissions in other key customer groups as it acts on a pledge to make its business climate neutral by mid-century. By 2030, the Wall Street firm intends to have lowered the financed emissions of oil and gas companies by up to 22%, compared with a 2019 baseline, it said Thursday. For auto-manufacturing clients, the goal is as much as a 54% reduction, and for power-sector customers it’s up to 65%. “We’re making progress,” Goldman Chief Executive Officer David Solomon said in Thursday’s statement. “A more sustainable future is within reach, and Goldman Sachs is determined to do our part to help the world get there.” Goldman said its efforts to reduce emissions via loans and debt underwriting focus on industries in which it sees “an opportunity to proactively engage our clients, deploy capital required for transition, and invest in new commercial solutions to drive decarbonisation in the real economy.”

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  • We Don't Have Time

    169 w

    Dear Simon Bergbom Thank you for getting your climate love to level 2! We have reached out to Goldman Sachs and requested a response. I will keep you updated on any progress! /Adam We Don't Have Time

    • SANJAY JAGTAP

      169 w

      Good beginning by a responsible investor.. Wish them a good luck

      • Connor Lascelles

        170 w

        They should use @Qarnot to make their servers low carbon

        • Thomas Tienso

          170 w

          Very good. Good enough to be one of the investment bank winners? The percentage fossil founded part is large. How will the market look upon their ambition?

          • Johannes Luiga

            170 w

            Truly encouraging!

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