Wednesday, 06 July 2022 03:06

Goldman Sachs is Getting Lean on ESG

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There hadn’t been a shortage of interest in ESG until the economy's most recent swell in volatility which has given investment firms like Goldman pause in their considerations. They have drastically moved up the rejection rate for bonds that satisfy their ESG interest which is now hovering around 30%. Their rejection rate had trended upward as a result of tightening standards, but they are facing additional pressure from buyers who are concerned about greenwashing along with the macro risk present in the economy. They are more incredulous with seemingly glowing reports as people are concerned that companies might not be as green as they appear.

Finsum: Companies not tightening suit on ESG might face some discomfort when regulation inevitably tightens.

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