Archive

Goldman Sachs Asset Management exits CA100+

GSAM backs SLBs with step-downs

A major sustainable bond investor has urged investors and asset owners to seriously consider sustainability-linked bonds (SLB) with a step-down coupon on achieving or outperforming targets, as it is a "better structure" for the performance-based instrument.

Issuers should 'use more Opex in green bonds,' says GSAM

Goldman Sachs Asset Management (GSAM) said green bond issuers should look to use more operational expenditures (Opex) in their use-of-proceeds allocation to help grow the market.

Emerging market sustainable bond investment momentum building

Investors and issuers are responding to the challenges EM sustainable bonds pose, and the tide is turning in their favour. Ahren Lester reports

US banks lament data gaps in first Fed climate scenario analysis

The Federal Reserve's first climate scenario analysis of the country's six largest banks exposed widespread data gaps that threaten to undermine the accurate assessment of climate-related risks.

'Just transition' data a work in progress, development bank claims

A development bank is working on metrics to measure and report on 'just transition', an Environmental Finance Sustainable Debt EMEA conference in London has heard.

Church of England to back climate disclosure shareholder proposals for US banks

The Church of England Pensions Board will vote in favour of measures that could force several US banks, including Bank of America, Goldman Sachs and Morgan Stanley, to disclose the level of their fossil fuel financing relative to that for clean energy.

Green bond funds swing back to black in 2023

2023 saw the growing sustainable bond fund market make positive returns after a torrid two years, with forecasts of another strong year to come. Ahren Lester reports

Sustainable bond fund assets hit $41bn record

Investor appetite for sustainable bond funds has sent the market to record highs in 2023, with expectations of more to come in 2024. Ahren Lester reports

Goldman Sachs launches €10m green bond ETF

Goldman Sachs Asset Management (GSAM) has launched its first dedicated green bond exchange traded-fund (ETF), adding the first passively managed product to its green bond fund range.