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Goldman Sachs says bankers beat algorithms when it comes to ESG

Goldman Sachs has found that successful sustainable investment decisions require a human touch that algorithms have so far been unable to match.
Thomas Kønig, Goldman's head of asset management in the Nordic region, says that to do "ESG, activism and stewardship, it requires people." | Photo: Brendan Mcdermid/Reuters/Ritzau Scanpix & PR / GSAM
Thomas Kønig, Goldman's head of asset management in the Nordic region, says that to do "ESG, activism and stewardship, it requires people." | Photo: Brendan Mcdermid/Reuters/Ritzau Scanpix & PR / GSAM
By Frances Schwartzkopff / BLOOMBERG

In Copenhagen, where Goldman is expanding to grab more of the cash-rich Nordic asset management market, smart environmental, social and governance investing calls are key to winning business. And as Nordic countries blaze a trail in all things ESG, whatever works in the region is likely to become a template for other parts of the world.

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