John Goldstein, Global Head of Sustainability and Impact Solutions, GSAM.
John is a managing director in the Client Solutions Group within Goldman Sachs Asset Management, serving as global head of Sustainability and Impact Solutions. He is responsible for mobilizing the full breadth and depth of the firm's sustainable investing resources for clients. Previously, John was in the Executive Office where he created and served as head of the Sustainable Finance Group, responsible for working across Goldman Sachs to deepen the firm's knowledge and grow its capabilities in relation to inclusive growth and climate transition. He serves as chair of the Sustainable Finance Group Steering Group.
John joined Goldman Sachs Asset Management as a managing director in 2015 through the acquisition of Imprint Capital, which he co-founded in 2007, to help expand the firm's Environmental, Social and Governance and impact investing capabilities.
Previously, John served as senior managing director of Medley Global Advisors. During that time, he co-founded and served as the executive director of the Medley Institute. Prior to that, John was a management consultant at Andersen Consulting (now Accenture).
John has served as an advisor or board member to a diverse set of organizations in the impact space including groups such as the US National Advisory Board of the G8 Social Impact Investing Task Force, the Global Impact Investing Network’s ImpactBase initiative, the Global Social Venture Competition, McKinsey’s working group on Social Impact Bonds, Global Giving, the Sustainable Food Lab, the UN Capital Development Fund, the International Interfaith Investment Group and a range of other organizations.
John graduated from Yale University with honors. He was awarded the Richter Fellowship and the Townsend Prize.
Hall C (Level 2)
Elevating ESG
The tide of global ESG investments has slowed in recent years, with 2024 marking the first year of net outflows from sustainability-focused equity funds. This trend is driven by accusations of a lack of clarity about whether the invested dollars are truly promoting sustainability; investigations suggest that only slightly more than half of this spending is directed towards sustainable companies. This shift is accompanied by a renewed focus on economic profit, as investors grow weary of the "politicisation of ESG".
Is there still a strong case for ESG or sustainability-focused investment? What works, what doesn’t, and what needs fixing?