Goldman Sachs Asset Management | Disclose clean energy financing ratio & methodology at Goldman Sachs Asset Management

28.83% votes in favour
AGM date
Previous AGM date
Proposal number
Resolution details
Company ticker
Resolution ask
Report on or disclose
ESG theme
  • Environment
ESG sub-theme
  • Fossil fuel financing
  • Net Zero / Paris aligned
Type of vote
Shareholder proposal
Filer type
Company sector
Company HQ country
United States
Resolved clause
Resolved: Shareholders request that Goldman Sachs Asset Management disclose annually its Clean Energy Supply Financing Ratio (“Ratio”), defined as its total financing through equity and debt underwriting, and project finance, in low-carbon energy supply as a
proportion of that in fossil-fuel energy supply. The disclosure, prepared at reasonable expense and excluding confidential
information, shall describe the Company’s methodology, including what it classifies as “low carbon” or “fossil fuel.”
Supporting statement
▪ Set timebound ratio targets aligned with its net zero commitments
▪ Consult BloombergNEF’s (BNEF) “Financing the Transition: Energy Supply Investment and Bank Financing Activity”1
report when setting Ratio targets and defining “low carbon” and “fossil fuel” financing
▪ Work to establish standardized industrywide methodologies
▪ Address/Include lending

How other organisations have declared their voting intentions

Organisation name Declared voting intentions Rationale
British Columbia Investment Management Corporation For
Legal & General Investment Management (Holdings) For A detailed explanation for our vote intention can be found on the LGIM Blog:

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