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Goldman Sachs (GS) will pay a $4-million penalty as the SEC's asset-management arm failed to screen investments per required policies.
The charges were specifically over "policies and procedures failures involving two mutual funds and one separately managed account strategy marketed as Environmental, Social, and Governance (ESG ...
In June 2022, the SEC was reportedly investigating the ESG investment funds of Goldman Sachs for potential greenwashing. [192] In November 2022, Goldman Sachs agreed to pay $4 million to settle the SEC investigation of the company's ESG funds for greenwashing without admitting or denying guilt of the SEC's allegations. [193]
On May 25, the SEC proposed two rules changes to ESG investment fund qualifications to prevent greenwashing marketing practices and to increase disclosure requirements for achieving ESG impacts. [133] On June 10, the SEC was reportedly investigating the ESG investment funds of Goldman Sachs for potential greenwashing. [134]
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According to the report a set of ESG criteria is applied to 67% of its total assets under management. [10] NN IP generally pursues active engagement with potentially controversial companies to help them improve their ESG profiles. One example cited by NN IP is the palm oil industry. Engagements with several large plantation companies have ...
The fund includes large- and mid-cap U.S. stocks, and those looking for exposure to high-performing stocks with an ESG-bent may find what they’re looking for here. 5-year return (annualized): 14 ...
After working in the Debt Capital Markets and Credit Derivatives units at Goldman Sachs, Auerbach joined Goldman's Special Situations Group in December 2003.He began to focus on the renewable energy industry in the U.S. and went on to launch the alternative energy investment business within the Special Situations Group with a principal focus on wind and solar energy.