Awards for Excellence 2019
For bringing innovation to social and environmental finance, Goldman Sachs receives the award this year as North America’s best bank for sustainable finance. The bank is often recognized as being a key partner for complex deals that, while possibly small, break ground for others to follow. And this is crucial in the field of sustainable finance.
Last year, Goldman Sachs structured a $61 million green issuance for Equilibrium Capital to build a pioneering renewable natural gas project in Arizona. The deal financed a refinery capable of turning dairy waste (one of the largest sources of methane emissions) into vehicle fuel.
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| Kyung-Ah Park |
It also raised $100 million in green bonds last year to finance part of the Clean Rivers Project in the District of Columbia, where the bank has been working for several years in environmental finance, and developed an environmentally focused impact investment fund for the Nature Conservancy.
“It’s important in this field to drive innovation and unlock financial instruments that expand the breadth of capital and bring greater efficiencies to the cost of capital,” says Kyung-Ah Park, head of environmental markets.