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Goldman Sachs Exchanges

Is Sustainable Finance the Next Big Commercial Opportunity?

Goldman Sachs Exchanges

Goldman Sachs

Business

4.41K Ratings

🗓️ 15 December 2019

⏱️ 38 minutes

🧾️ Download transcript

Summary

In this episode, John Goldstein, head of Goldman Sachs’ Sustainable Finance Group, talks about the firm’s recent sustainability announcement to invest or finance $750 billion of capital over the next 10 years across two themes–climate transition and inclusive growth. Goldstein highlights the commercial motivation behind the firm’s sustainability strategy. “This is grounded in a core view of where the world is going, a thesis, a research-driven view...almost a market call that fundamentally these questions of climate transition and inclusive growth are going to be central, secular themes for the economy for our clients and for ourselves,” he says.

Transcript

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0:00.0

This is Exchanges the Goldman Sachs, where we discussed developments currently shaping markets, industries, and the global economy.

0:13.4

I'm Jake Seawert, global head of corporate communications here at the firm.

0:16.8

Today we'll be talking with John Goldstein about sustainable finance and a big announcement that

0:20.9

Goldman Sachs has just made in that space.

0:23.6

But before that, we're going to try out something new and different.

0:26.8

We're going to give you a quick update on the markets from one of our trading floor

0:29.7

experts.

0:30.8

We're joined today by Amelia Garnett from the Goldman Sachs Securities Division

0:34.8

who's going to be telling us about five numbers she's watching in the markets this week.

0:39.4

Amelia, welcome.

0:40.4

Thank you.

0:41.4

So before we jump in, give a quick overview of what you focus on and who your main clients are.

0:47.0

Sure, so I sit in the Cross Asset Sales Group in New York and I predominantly cover equity and credit hedge funds for macro product so I'm mainly focused on

0:56.7

currency markets and rates. Okay so what's the big number in markets that you've been looking at?

1:02.7

10 and a half which is the number of trading sessions

1:05.3

we have left this year.

1:06.6

There's not much hard data left to be released,

1:08.9

and so I'm going to focus on something slightly more structural,

1:11.6

which is liquidity into year end.

1:13.4

So locally markets have been very focused on the

1:16.6

regulatory requirements for banks to keep dollars on their balance sheet over year

1:20.4

end and that has been affecting funding markets so we've seen cross

...

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