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SEC investigates Goldman Sachs’ ESG mutual funds

June 13, 2022


SEC rules defining ESG investing and its requirements are not final, so the regulator, for now, is looking to see how ESG fund investment in practice lines up with companies’ promises to shareholders.

Goldman manages at least four funds that have clean energy or ESG in their names, The Wall Street Journal reported. The bank changed the name of its Blue Chip Fund in June 2020 to the U.S. Equity ESG Fund, according to the publication. Holdings in that fund undergo an ESG analysis but may feature investments in some companies without such a screening, the bank said, according to the Journal.

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