Date: January 11, 2023 Time: 13:18:36
Goldman Sachs Asset Management has announced that it has raised 1,600 million dollars (1,489 million euros) in its first fund Horizon Environment & Climate Solutions I, thus inaugurating its private markets strategy aimed at investing in climate and environmental solutions, as explained this Tuesday.
This is the first in a series of ‘Horizon Funds’ through which the company will partner with clients with the aim of investing in sustainable trends. The fund will seek investments in companies focused on innovative environmental and climate transition solutions focused on five areas: clean energy, sustainable transport, waste and materials, sustainable food and agriculture, and ecosystem services.
As reported by the entity and collected by Europa Press, this project, which is managed by the sustainable investment team created by Goldman Sachs in 2020, has already committed almost 1,000 million dollars (around 930 million euros) in 12 companies climate and environmental innovation.
These span markets in North America and Europe and include, among others, manufacturers of lithium-ion batteries, sustainable packaging materials, and high-quality recycled cotton fibers, as well as companies looking to increase water efficiency in and increase agriculture. energy efficiency in commercial and industrial buildings.
The bank has set itself the goal of reaching 750,000 million dollars (698,000 million euros) in sustainable financial activity by 2030, of which it has managed to generate approximately 300,000 million dollars (279,000 million euros).
