Goldman Laments “Noise” of ESG Data Barrage Amid New Rules

Goldman Sachs’s head of sustainable finance John Goldstein relied to investors that companies are starting to provide more data on their climate and social metrics. He states the risk is that asset managers will lose track of what’s important and businesses could buckle under the paperwork that demonstrates commitment to ESG goals. Firms feel there are asked for too many different things by too many different people and the sheer volume of new regulations presents challenges for companies and investors. The ability to access financing relies on providing more data to aid transparency. Increasingly there is a need to showcase an ESG story with every investment product, so greater government and international standard-setting authority coordination is needed.