No 1 source of global mining news and opinion
At Goldman Sachs Group Inc., there’s an ESG filter that tells investors to buy coal giant Glencore Plc, and avoid Big Tech staples Microsoft Corp. and Alphabet Inc.
A lot of companies “are taking on new initiatives that haven’t maybe been quite as appreciated by the overall sustainable investment universe,” he said in an interview. Investors should see Goldman’s list as a starting point for selecting investments, Tylenda said. Viewed through the lens of waste management, Glencore — though blacklisted by investors including the sovereign wealth fund of Norway for its coal business — suddenly starts to be a better ESG bet, Goldman’s Tylenda said.
Tylenda says that Glencore’s focus on recycling addresses the “looming critical material crunch” that’s ahead as the green transition requires more battery power. “Deployment of low-carbon technologies requires a lot more critical materials that unfortunately are just not seeing sufficient supply come online, so an emphasis on reducing demand for virgin materials and recycling will be critical,” he said.
Big Tech, meanwhile, falls short because there are too many questions around how it handles resource efficiency, Tylenda said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman Sachs analysis sheds light on rise of commodities in ESGNo 1 source of global mining news and opinion
Read more »
This little known aerospace stock could rally 30%, Goldman Sachs saysGoldman also upgraded the small cap engineering and manufacturing stock to a buy rating from neutral.
Read more »
Goldman Sachs stock drops 4% as CEO David Solomon warns of weak tradingThe price of a share in the bank fell by just over $19 the day after its chief executive spoke to an investor conference in New York.
Read more »
BlackRock support for ESG proposals decreases amid GOP pushbackPolitical News and Conservative Analysis About Congress, the President, and the Federal Government
Read more »
BlackRock trims support for some ESG resolutions in AGM seasonBlackRock trims support for some ESG resolutions in AGM season
Read more »
BlackRock support for ESG resolutions hits fresh low amid 'woke capitalism' backlashBlackRock’s handling of these and governance-related issues, together dubbed ESG, has faced fierce criticism in recent years from Republican politicians.
Read more »