Goldman Sachs investment manager calls out ‘lazy’ ESG tech bets

Relying on a specific sector such as tech to build an ESG portfolio has exposed investors to unnecessary losses.
FILE PHOTO: The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo | Photo: Andrew Kelly/Reuters/Ritzau Scanpix/REUTERS / X02844
FILE PHOTO: The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File Photo | Photo: Andrew Kelly/Reuters/Ritzau Scanpix/REUTERS / X02844
By Lisa Pham / BLOOMBERG

Relying on a specific sector such as tech to build an ESG portfolio has exposed investors to unnecessary losses, according to Luke Barrs of Goldman Sachs Asset Management.

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