Finance
Goldman Follows Rivals in Setting Net-Zero Emissions Targets
- Company signs UN’s Principles for Responsible Banking
- Bank in 2019 targeted $750 billion for ‘climate transition’
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Three days after new Citigroup Inc. Chief Executive Officer Jane Fraser outlined a net-zero greenhouse-gas emissions target, Goldman Sachs Group Inc. CEO David Solomon is following suit.
Goldman is joining rivals in pledging to achieve the goal in its financing activities by 2050, and for supply chains by 2030, Solomon said Thursday in a letter posted on the bank’s website. The bank has also joined the United Nations’ Principles for Responsible Banking, a group of 217 firms that agreed to align their businesses with global efforts to address climate change and other sustainability issues.