Goldman Sachs has appointed Kara Succoso Mangone as Head of its Sustainable Finance Group, according to an internal memo, seen by ESG Today, taking over the role from John Goldstein, who is moving to Goldman Sachs’ Asset & Wealth Management as Global Head of Sustainability and Impact Solutions.
Goldman Sachs launched its Sustainable Finance Group in 2019, to deepen the firm’s sustainable finance expertise and capabilities, and deliver sustainable growth solutions for clients. The company also unveiled a 10-year goal to deploy $750 billion in climate transition and inclusive growth-focused financing, investing, and advisory activity by 2030. According to the firm’s 2022 sustainability report, released in April 2023, Goldman Sachs has already achieved 55% of its goal.
Mangone joined Goldman Sachs in 2008 as an Investment Banking Analyst, and has been serving at the firm as Global Head of Climate Strategy since 2021. According to the memo, her new role will emphasize “advancing an integrated approach to sustainability through central coordination of our policies, deepening of our sustainable finance expertise and continued partnership with our businesses to drive client impact and deliver on our sustainability commitments, including our $750 billion sustainable finance target.”
Goldstein joined Goldman Sachs Asset Management in 2015 through the acquisition of Imprint Capital, a mission driven investment strategies firm he founded in 2007, and has been serving as Head of the Sustainable Finance Group since its 2019 launch. In his new role, he will “help drive AUM growth for sustainability products and broader commercial impact through client engagement and defending core products,” according to the memo.