Goldman Sachs Asset Management (GSAM) has launched a fixed income vehicle offering investors exposure to issuers and projects supporting biodiversity conservation and remediation. The Luxembourg-domiciled Goldman Sachs Biodiversity Bond Fund invests mainly in investment-grade corporate bonds across developed and emerging markets and will make disclosures in accordance with Article 9 of Europe’s Sustainable Finance Disclosure Regulation. Its portfolio will include both labelled bonds, whereby bond proceeds are applied towards biodiversity-related projects or activities, as well as unlabelled bonds issued by companies with revenues supporting biodiversity conservation and remediation. Selected using proprietary analysis and GSAM’s sustainable investing framework, bonds will be aligned with UN Sustainable Development Goals (SDGs) relating to biodiversity, including SDG 6, 12, 14 and 15, and the International Capital Market Association’s principles for labelled bonds. GSAM’s existing sustainable bond offering includes its broad green bond fund range, consisting of five dedicated funds, including the Goldman Sachs Impact Corporate Bond fund, the Goldman Sachs Social Bond fund and the Goldman Sachs Global Green Bond UCITS ETF, which launched last year. “This fund seeks to provide fixed income investors with exposure to issuers that are having a positive impact on biodiversity,” said Bram Bos, Global Head of Green, Social and Impact Bonds at GSAM. “The wide spectrum of the fund’s investment universe enables us to identify promising opportunities for investors.”
