The Goldman Sachs Group has announced that it will expand its clean energy target to US$ 150 billion in financings and investments by 2025 as part of its updated Environmental Policy Framework.
The updated Environmental Policy Framework includes expanded targets and key initiatives that will guide Goldman Sachs’ ongoing contributions to a sustainable future. Some highlights include:
- By 2025, Goldman Sachs will target US$ 150 billion in clean energy financing and investments, expanding the existing $40 billion target set in 2012.
- By 2015, Goldman Sachs will be the first US investment bank to be carbon neutral across its operations and business travel. By 2020, the firm will target $2 billion in green operational investments and seek to source 100 percent renewable power for its global electricity needs.
- Goldman Sachs will target the deployment of clean energy solutions to underserved markets to facilitate more equitable and affordable access through the launch of a Clean Energy Access Initiative.
- The Goldman Sachs Center for Environmental Markets will invest $10 million in grants through partnerships that will demonstrate the potential of innovative financial mechanisms to unlock capital for environmental solutions.
