Responsible finance: Goldman pushes change

The investment bank will no longer IPO firms without diverse directors.

Goldman Sachs continues to lead on environmental, social and governance issues. 

In December it announced it will be investing $750 billion in the next decade to fight climate change. Then, at Davos, chief executive David Solomon declared that from July onwards the firm will not take public any US or European company that does not have at least one “diverse” director at the time of IPO.

As Goldman points out, over the last two years more than 60 US and European companies went public without any female board members.

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