Skip to content
  • MyNewMarkets.com
  • Claims Journal
  • Insurance Journal TV
  • Academy of Insurance
  • Carrier Management
Insurance Journal - Property Casualty Industry News

Featured Stories

  • Farmers Data Breach Could Impact 1M+ Customers
  • ‘Big Four’ Reinsurers Maintain Property-Cat Appetite
  • Articles
  • Jobs
  • Markets

Current Magazine

current magazine
  • Read Online
  • Subscribe
  • Login
  • Front Page
    • National
    • International
    • Most Popular
    • Magazine
    • Forums
    • Blogs
    • Videos/Podcasts
    • Newsletters
  • News
    • Most Popular
    • National
    • International
    • East
    • Midwest
    • South Central
    • Southeast
    • West
  • Magazines
  • Research
  • Directories
  • Jobs
  • Features
    • Events
    • Forums
    • Market Directories
    • Quotes
    • Polls
    • Rankings & Awards
    • Insurance Giving Back
  • Subscribe

Goldman Sachs’ Fund Division to Leave Climate Investor Group

By Iain Withers and Simon Jessop | August 13, 2024
Email This Subscribe to Newsletter
  • Article
  • 1 Comment

Goldman Sachs’ fund division is to leave investor engagement group Climate Action 100+, joining other financial services companies which have pulled out amid a political backlash in the United States.

U.S. members of global climate-focused coalitions have come under pressure as some Republican lawmakers have criticized them for potentially breaching antitrust rules by pushing companies to cut climate-damaging emissions.

At the end of July, the Republican leader of a U.S. congressional committee wrote to demand more than 130 investors explain their environmental, social and governance (ESG) goals.

Related: Europe Stands Firm Against US-Driven ESG Backlash

A Goldman Sachs spokesperson said the fund division would leave the group and highlighted its ability to engage with companies on its own account.

“We’ve made investments in our ability to meet the sustainable investing needs of our clients and remain committed to leveraging our global capabilities,” the spokesperson said.

Others investment companies to leave in the past couple of weeks include Aristotle Credit and Aristotle Pacific Capital on July 31, TCW Group on Aug. 1, Vert Asset Management, Mellon Investment Corp and Water Asset Management on Aug. 2.

Some big players have also left this year, including Invesco, JPMorgan’s fund division and State Street Global Advisors.

Related: JPMorgan, State Street Quit Climate Group, BlackRock Steps Back

CA100+ had no immediate comment on Goldman’s decision.

In a statement earlier this week, a CA100+ spokesman said the way CA100+ operates was “well described” on its website and in documents produced for the U.S. House Judiciary Committee.

“These recent letters to Climate Action 100+ investors are another attempt to deter investors from considering and acting on climate risks and opportunities. Investors are independent fiduciaries, responsible for their investment and voting decisions,” he said.

Copyright 2025 Reuters. Click for restrictions.

Was this article valuable?

Thank you! Please tell us what we can do to improve this article.

Thank you! % of people found this article valuable. Please tell us what you liked about it.

Here are more articles you may enjoy.

Sompo to Acquire Aspen for $3.5 Billion to Expand Global Access
‘Big Four’ Reinsurers Maintain Property-Cat Appetite, Despite Signs of Rate Softening
Be Recognized as a Best Agency to Work For: Submit Now
Northwestern Settles Hazing Scandal Lawsuit With Former Football Coach

Written By Iain Withers

More From Author

Written By Simon Jessop

More From Author

The most important insurance news,
in your inbox every business day.

Get the insurance industry's trusted newsletter

Email This Subscribe to Newsletter
  • Categories: National NewsTopics: Climate Action 100+, Climate Change, environmental social and governance (ESG), Goldman Sachs
  • Have a hot lead? Email us at newsdesk@insurancejournal.com

Latest Comments

  • August 14, 2024 at 11:31 am
    Joe says:
    A very good decision. Natural climate change has and will always occur, and obviously we need to account for it and adapt to it. However, man-made global warming is a flawed... read more

Add a CommentSee All Comments (1)Add a Comment Cancel reply

Your email address will not be published. Required fields are marked *

*

*

More News
Anthropic Thwarts Hacker Attempts to Misuse Claude AI for Cybercrime
Viewpoint: Why Reinsurance Industry Often Struggles to Manage Market Cycles
Cyber Outlook Report Finds Gaps, Outlines Holistic Approach to Protections
Katrina 2005-2025: Lessons Learned
More News Features

Read This Next

  • Goldman Sachs' Fund Division to Leave Climate Investor Group
  • Farmers Insurance Data Breach Could Impact More Than a Million Customers
  • New York Central Park Managers Support Eliminating Horse-Drawn Carriages
  • Ransomware Hack Hits Orange Telecom, Data Published on Dark Web
  • OpenAI, Altman Sued Over ChatGPT's Role in Teen's Suicide

Insurance Jobs

  • Insurance Account Executive/Manager Wanted Flexible Hours, Potential Equity - Dix Hills/Deer Park, NY
  • Sales Agent - Encino, California
  • Underwriting Professional Development Program, MMBC Commercial Accounts – November 2025 - Saint Paul, MN
  • Assistant Client Services Specialist - Cruz Bay, Virgin Islands
  • Associate Counsel, Claim - Morristown, NJ
MyNewMarkets
  • When Insurance Isn't the Optimal Risk Management Approach
  • Reputation Risk Can Overshadow Ransom in Cyberattacks, Aon Says
  • Tackling Cyber Risks: The Vital Role of Brokers in Third-Party Data Protection
  • DIY Home Inspections Are Taking Over, Firms Say
  • Six Things to Know About Umbrella Insurance
Claims Journal
  • FTC Sues LA Fitness for Making it Exceedingly Hard to Cancel Gym Memberships
  • EU Carmakers Warn Combustion Engine Ban Is No Longer Feasible
  • Peloton Must Face Shareholder Lawsuit Over Post-Pandemic Outlook
  • Most Losses in Destructive Eaton Fire Tied to Conflagration Hazard, Report Shows
  • 20 Years Later, Hurricane Katrina's Impact Echoes in Models, Mitigation and Reforms
Academy of Insurance education
  • August 7 EPLI Basics
  • August 14 Managing and Insuring Reputational Risk
  • August 19 How To Write: Flood
  • August 21 Workers' Comp Crash Course

Insurance News

  • News by Region
  • News by Topic
  • Yesterday

Site Search

Features

  • Insurance Markets Directory
  • Forums
  • A.M. Best Company Ratings
  • Industry Events
  • Agencies For Sale
  • Newswire
  • Insurance Jobs
  • Rankings & Awards

Connect with us

  • Email Newsletters
  • Magazine Subscriptions
  • For Your Website
  • RSS Feeds
  • Twitter
  • Facebook
  • LinkedIn
  • Do Not Sell My Info

Insurance Journal

  • Submit News
  • Advertise
  • Subscribe
  • Reprints
  • Link to Us
  • Contact Us

Wells Media Group Network

  • Insurance Journal
  • MyNewMarkets.com
  • Claims Journal
  • Insurance Journal TV
  • Academy of Insurance
  • Carrier Management
© 2025 by Wells Media Group, Inc. Privacy Policy | Terms & Conditions | Site Map