Goldman Sachs is entering the ESG market as it plans to sell bonds to finance greener projects this week. This is part of the firm's broader attempts to provide funds to socially conscious investments. In fact GS plans to issue $750 billion in credit by 2030 to this trending area of finance. CEO of Golman Sachs Bank Carey Halio said to expect a steady stream of issuance in ESG, but the size of these initiatives will grow slowly over time. Goldman is just the latest to jump into this segment of the market. Investors may also have the opportunity to invest in alternative currencies in the future as Goldman has indicated a similar rollout could happen in the euro area. GS is just the latest of financial firms moving into the growing ESG arena. Bank of America, Citigroup and Morgan Stanley helped contribute the $118 billion growth in ESG last year.
FINSUM: Financial firms involvement in ESG will only continue as many of these companies will find helpful policies with the new administration.