Global Investment Research
As part of our Global Investment Research division, we integrate environmental, social value and other relevant factors into our fundamental analysis of individual companies and industry sectors. We believe that understanding environmental risks and business opportunities leads to a more complete investment analysis.
Goldman Sachs’ GS SUSTAIN team continues to expand analysis of companies, further helping clients identify ESG outperformers and structural leaders. As of December 2013, the GS SUSTAIN framework had been applied to over 1,400 mid-to-large sized global companies. From its inception in June 2007 through 2013 year-end, the GS SUSTAIN Focus List has outperformed the MSCI All Country World Index by over 43%.
Global Clean Energy Research
The Global Clean Energy Research team follows clean energy companies around the world, including producers of solar, biofuels/biochemicals, wind, and technologies focused on energy efficiency. 2013 was a standout year for clean energy stocks overall, with our global coverage returning ~75% over the course of the year, well exceeding benchmark indices. Solar stocks, in particular, outperformed on the back of stabilizing fundamentals and strong demand in the US, Japan and China. Our Goldman Sachs research team expects strength to persist into 2014 with increasing momentum in the rooftop opportunity globally, especially as solar leasing drives greater demand.
Global Markets Institute
The Global Markets Institute (GMI) conducts global macroeconomic research on environmental themes, such as the impact of climate change, energy efficiency, energy policy and the challenges of reconciling environmental protection with economic growth. This research also encompasses demographic themes, such as aging populations, urbanization and the role of women in global economies. In 2013, GMI published a research report analyzing the effects that water risks play in sustainable growth globally.