Swedbank CCO lauded for role in AML rebound to retire
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Europe s biggest banks warn of major flaw in key ESG metric
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Goldman joins banks exploring green equity as new ESG asset
Thirteen years after the first green bond, some financial firms are now working on creating a market for green stocks that meet measurable climate metrics.
May 20, 2021 5 MINS
The head of sustainable finance at Goldman Sachs Group Inc. says the Wall Street firm is now experimenting with green equity, adding its weight to a new category of climate-friendly assets.
“We are seeing movement, just in terms of actual labeled product,” John Goldstein, who runs Goldman’s sustainable finance group, said in an interview. “When and where and how would we get to actual green equity, I think we’ll see.”
Provided by Dow Jones By Dominic Chopping STOCKHOLM Swedbank AB on Tuesday reported a forecast-beating net profit for the first quarter amid lower costs and loan losses. The Swedish bank said competition remains in the country s mortgage market with short lead times. Activity is highest in large cities, where the bank traditionally hasn t had as strong a market position as in the rest of the country, Swedbank said. We have not fully met our customers expectations when it comes to short lead times and therefore have been unable to defend our market position, said Chief Executive Jens Henriksson. We have to improve this and are intensifying our efforts to turn things around.