Goldman Sachs issues first sustainability bond

Goldman Sachs Group has settled an $800m sustainability bond to accelerate climate transition and advance inclusive growth across nine core thematic areas: clean energy, sustainable transport, sustainable food and agriculture, waste and materials, ecosystem services, accessible and innovative healthcare, accessible and affordable education, financial inclusion, and communities.

The bond is unique in that eligible categories are based on the above mentioned nine key impact themes that also underpin Goldman Sachs’ sustainable finance commitment. The commitment includes a target to deploy $750bn across climate transition and inclusive growth by 2030.

“The launch of our first sustainability bond shows that investors can drive innovative solutions by using our firm’s extensive platform and resources”, said David Solomon, chairman and chief executive. “We’ve said building a low-carbon, inclusive economy is a business imperative, and now we’re demonstrating our commitment by using the same financial toolkit we recommend to our clients.”

Goldman Sachs will publish an annual update regarding the allocation of the proceeds which will include details on the expected and realised qualitative and, where feasible, quantitative environmental and social impact.

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