Goldman Sachs Asset Management (GSAM) has launched an impact equity fund to target five key pillars of sustainability.

The Goldman Sachs Global Environmental Impact Equity Portfolio seeks to generate long-term capital by exposing investors to global companies which embrace key environmental themes.

Alexis Deladerrière, who will manage the fund, is using a bottom-up investment approach which integrates ESG and impact factors into the investment strategy will manage the fund.

The fund will focus on companies that support the following five key ESG themes:

  • Clean energy
  • Resource efficiency
  • Sustainable consumption & production
  • Circular economy
  • Water sustainability

Commenting on the launch, a spokesperson for GSAM said: ‘Against a backdrop of growing challenges related to climate change and unsustainable environmental practice, we are starting to see government, business and consumer behaviour adapt.’

GSAM said this creates a growing need for corporate sector innovation to help alleviate these challenges and put the world on a path to greater environmental sustainability.

‘For companies that can successfully provide new solutions to these problems, there are significant demand tailwinds that we believe can support long-term capital appreciation,’ the company added.

The fund is a Luxembourg-domiciled, Ucits-compliant fund and is available for purchase across a range of EU countries.