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Goldman Sachs fined $4m over failure of ESG policies and procedures

Goldman Sachs headquarters in New York City. Photo: Getty Images

SEC takes action to protect investors after identifying a number of failures.

Goldman Sachs Asset Management, L.P. (GSAM) has been charged over policies and procedures failures involving two mutual funds and one separately managed account strategy marketed as Environmental, Social, and Governance (ESG) investments.

The Securities and Exchange Commission (SEC) found several policy and procedural failures relating to ESG research the