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Article

5 Jul 2007

Author:
Nathanial Gronewold, Greenwire

U.N. group discusses groundbreaking Goldman Sachs study on green business

Companies with solid environmental, social and governance (ESG) performance indicators are the best long-term investment choices, according to a Goldman Sachs study released this week...On Tuesday, Goldman Sachs launched “GS Sustain,” a new list of companies they believe will be the top corporate performers over the coming decades as determined primarily by how well they integrate SRI into their businesses...The list of 44 companies includes such household names as Kellogg, PepsiCo, Bristol-Myers Squibb and Roche. Some less familiar U.S. companies included are solar power producer SunPower Corp., geothermal technology manufacturer Ormat Technologies, and environmental tech manufacturers LKQ Corp. and Pentair Inc...Goldman Sachs’ hyping of alternative energy and green industries is further accentuated by the complete absence of some of the best-known oil companies from the GS Sustain list. Brazil’s Petroleo Brasileiro [Petrobras] and Norway’s Statoil are included, but Exxon Mobil Corp. and BP are not.