CLIMATE TRANSITION Investing for the Future Beyond insights, the global shift to net zero and expansion based on BNEF estimates of a company’s value attributable of more carbon-e昀케cient resources represents an important to its activities across the clean energy themes of wind investment opportunity. We are committed to developing energy, energy storage, clean power, networks, digitalization, products and solutions that help our clients and investors bioenergy, solar energy, and hydrogen energy. capitalize on the opportunities presented by these changes. Global Environmental Impact Strategy Bloomberg Goldman Sachs Clean Energy Equity Index Goldman Sachs Asset Management has developed an In February 2021, our Asset Management group and investment product that seeks to keep investors on the Bloomberg launched a clean energy equity index, building right side of disruption by moving beyond backward-looking on the strength of our partnership to direct capital and benchmarks to identify innovative, attractively valued utilize data in the 昀椀ght against climate change. We jointly companies aligned with durable secular growth themes. recognize the signi昀椀cant global investments necessary for The product in the US focuses on companies that seek decarbonization — coupled with declining renewable energy to provide solutions to environmental problems aligned costs and ever-increasing technologies for renewable with 昀椀ve key themes: clean energy, resource e昀케ciency, energy. We developed the index using a proprietary sustainable consumption, the circular economy, and water approach informed by insights from BloombergNEF sustainability. (BNEF) analysts, who identify companies that are active and impactful in their respective sectors as well as assess their exposure to clean energy. This data-driven approach Global thematic environmental equity-focused strategies topped $1 billion AUS in 2021. selects securities from the broader Bloomberg World Index, Sustainability Report 2021 Climate Transition | Mobilizing Capital 35