Wall Street’s big banks are starting to realize it’s possible to drop oil without dropping returns
Wall Street’s big banks are becoming increasingly interested in sustainable investing. The most recent convert is Goldman Sachs: in June, it named Hugh Lawson, a partner and managing director, as its global head of environmental, social and governance (ESG) investing. This move was part of a larger trend: a month later, Goldman acquired Imprint Capital, a boutique investment firm that seeks measurable social and environmental impacts on top of financial returns.
“We think ESG is going, in essence, mainstream,” Lawson said. “A wider set of clients is interested.”
Source: Guardian Environment