Goldman Sachs, Capital Group, Citi and Other 8 Financial Firms Join Sustainable Trading Initiative

Sustainable Trading, the non-profit organisation dedicated to transforming environmental, social and governance (ESG) practices in the trading industry, today welcomes an additional 11 financial services organisations into its membership network.

Capital Group, Cboe Europe, Citi, Cowen, Fidelity International, Fidelity Management & Research Company, Goldman Sachs Asset Management, Goodbody, Northern Trust, Verne Global and Wellington Management join Sustainable Trading, demonstrating a collective commitment to driving positive ESG change in their own businesses, and to drive change right across the industry. This expands the group of members to 41 financial services organisations.

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Founder and Director Duncan Higgins said: "We are delighted to welcome this prestigious group of firms to Sustainable Trading. Their enthusiasm to participate, and their commitment to contributing time, resources and expertise, reflects the increasing importance of ESG considerations in firms' decision-making frameworks. This spirit of collaboration will accelerate the pace of ESG change within the trading industry."

Sustainable Trading member organisations bring valuable experience and expertise to focused Environmental, Social and Governance workstreams tasked with defining a portfolio of ESG best practices, tailored to the trading industry, for use within member firms. Sustainable Trading will also oversee a benchmarking and transparency framework to enable clear and efficient communication of progress on best practice, facilitating an ethos of continuous ESG improvement.

Simon Steward, Head of European Equity trading at Capital Group: "We believe evaluating ESG risks and opportunities are an essential part of generating long term investment results for our clients and it forms an integral part of Capital Group's investment approach. We are delighted to be joining the Sustainable Trading Initiative to help create and develop ESG best practices for trading within financial markets."