New Carbon Footprint Analytical Product from Goldman Sachs is Available for Customers

Published on: 31 October 2021
Goldman-Sachs

Carbon Portfolio Insights on Marquee gives clients tools and insights to understand their portfolio risks and opportunities from a carbon perspective, as well as carbon statistics. These insights may help them make investment decisions to meet net zero or decarbonization goals. Goldman Sachs' Global Markets Division offers clients data, analytics, and risk-management solutions.

Today, Goldman Sachs announced the launch of a cutting-edge carbon footprint analytics platform that allows users to assess and control the exposure to carbon emissions in their holdings of corporate bonds and public equity.

Marquee, Goldman Sachs' online market place for institutional investors, offers research, data and analytics, trade execution, index solutions, and prime services. This new solution is accessible there.

According to John Goldstein, head of Goldman Sachs' Sustainable Finance Group, "central to our work accelerating climate change is empowering our clients with the skills to measure and manage their own decarbonization." As we continue to incorporate sustainable solutions into all of our operations, we are thrilled to be able to provide this cutting-edge product to our customers.

Now, customers of Goldman Sachs will be able to dynamically assess the carbon footprint of their portfolios using important carbon measures like scope 1 and 2 carbon emissions, carbon intensity levels, and net zero pledges. The analytics have been established in accordance with international norms like TCFD and EU SFDR. They will keep changing as the market changes.

The Carbon Portfolio Insights product on Marquee has been created to offer clients tools and analytics that enable them to comprehend their portfolio risks and possibilities from a carbon viewpoint, in addition to supplying carbon data. These insights might assist them in making investment decisions that will help them reach their net zero or decarbonization targets.

Sarah Lawlor, COO of Goldman Sachs' Global Markets Sustainable Solutions Council, stated that the path to de-carbonization needed solid data and analytics to assist manage and assess progress in addition to the appropriate objectives. "Many of our clients have committed to gradually converting their investment holdings to net zero emissions. The Global Markets Division of Goldman Sachs is providing their clients with pertinent insights, analytics, and solutions in order to effectively manage risk and produce positive results for investors and the environment.

The carbon solution from Goldman Sachs enables institutional investors to:

Examine the carbon footprint of the public stock and corporate bond portfolios.

analyse emissions data (Scope 1 and 2), carbon intensity levels, and targets for decarbonization (i.e. Net Zero & SBTi)

To identify the major contributors by sector, industry, and region, compare carbon emissions to a set benchmark.

Examine the carbon intensity levels of various businesses.

According to Anne Marie Darling, Head of Marquee Distribution, "GS and many of our clients firmly believe that the financial services business must play a crucial part in constructing a sustainable future." "A crucial and urgently needed next stage in the international response is to give our clients the tools they need to make more ecologically responsible decisions and allocate capital accordingly. Marquee provides our clients with powerful analytics that enable them to assess and control their risk. We now give clients access to these statistics through the crucial lens of the carbon footprint thanks to Carbon Portfolio Analytics.

A prominent global financial institution, Goldman Sachs serves a sizable and diverse clientele that consists of businesses, financial institutions, governments, and private individuals with a wide range of financial services in the areas of investment banking, securities, investment management, and consumer banking. The company, which was established in 1869, has offices in all of the world's principal financial capitals and is headquartered in New York.

Source: GoldmanSachs news

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