Goldman Sachs Inflation Protected Securities Fund Class R6 · NASDAQ:GSRUX
Goldman Sachs Inflation Protected Securities Fund Class R6 — The Goldman Sachs Group — ESG Presentation (March 2006)
21 slides from Goldman Sachs Inflation Protected Securities Fund Class R6's sustainability presentation, Mar 27, 2006
Slide 1: Capital markets at the crossroads
The Goldman Sachs Group, Inc. Capital markets at the crossroads March 2006 Goldman, Sachs & Co. The Goldman Sachs Group, Inc. does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could
Slide 2: Main themes for discussion
Main themes for discussion • Socially Responsible Investing (SRI) is gaining both momentum and a new acronym. “ESG” incorporates Environmental, Social and Governance issues. • For investors, it’s not just about the environment, but also concern about fiduciary responsibilities. • Environmentally sen
Slide 3: Socially responsible investing strategies
Socially responsible investing strategies $2.29 trillion in total assets for 2005 2,500 2,000 In billions of dollars 1,500 1,000 500 0 1995 1997 1999 2001 2003 2005 Data from 1995 through 2005 Source: Social Investment Forum Foundation. Goldman Sachs Global Investment Research 3
Slide 4: Assets controlled by INCR participants
Assets controlled by INCR participants $2.7 trillion in total assets for 2005 3,000 2,500 In billions of dollars 2,000 1,500 1,000 500 0 2003 2005 Annual data Source: Investor Network on Climate Risk; CERES. Goldman Sachs Global Investment Research 4
Slide 5: Examples of Exchange Traded Funds
Examples of Exchange Traded Funds Ticker Name Description KLD iShares KLD Select Social Index Uses an optimization technique to overweight and Fund underweight companies based on social and environmental performance. PBW PowerShares WilderHill Clean Comprised of companies that promote renewable and
Slide 6: Fiduciary responsibilities come first
Fiduciary responsibilities come first • Pension fund managers must focus on providing strong returns for plan participants. • Until recently, there was scant evidence that environmentally sensitive investing generated favorable returns. • The “Eco-Efficiency Premium” may be increasing as more invest
Slide 7: Climate change and investing
Climate change and investing New opportunities will likely continue to develop Investment vehicle Commentary Mutual Funds According to the Social Investment Forum, there were 200 SRI dedicated mutual funds as of 2003. We anticipate that additional professional managers, although not necessarily adop
Slide 8: Companies consider risks and opportunities
Companies consider risks and opportunities • Earlier focus was on participants in at-risk industries; the “usual suspects”. • More sophisticated approach considers environmental sensitivity in all industries and activities, including those that are affected. • Opportunities to “make green by being g
Slide 9: Climate change risks and opportunities
Climate change risks and opportunities The list will likely grow Topic Risk Opportunity Commentary Reputation X X Companies viewed as environmentally "friendly", even within troubled industries, likely to see their reputation enhanced as opposed to those companies that are viewed as being environmen
Slide 10: Company-specific environmental actions
Company-specific environmental actions Striving to meet targets Policy Initiatives Company Sector Targets Achieved Gap Inc. Consumer Discretionary Reduce GHG emissions by 11% per square foot Increased energy efficiency of stores in the US by from 2003 to 2008. 27% per square foot between 2001 and 20
Slide 11: Company-specific environmental actions
Company-specific environmental actions Striving to meet targets Policy Initiatives Company Sector Targets Achieved International Business Information Technology Reduce absolute 10% PFC emissions from Reduced PFC emissions by 57.6% compared to Machines Corp. semiconductor manufacturing processes betw
Slide 12: Technological change and structural adjustments in economies
Technological change and structural adjustments in economies • There can be notable effects from these wide-ranging factors which may not be driven by policy. • Example: there has been a dramatic shift in energy supplies during the last 150 years and a revived focus on new potential sources. • Econo
Slide 13: The ages of wood, coal and oil are leading to the age of gas and renewables
The ages of wood, coal and oil are leading to the age of gas and renewables US energy consumption by type 100% 90% 80% Consumption of products as a % of US energy consumption 70% The age of coal. Coal 60% supplies 75% of US energy The age of needs. petroleum. 50% Petroleum The age of supplies 48% of
Slide 14: Renewable and alternative energy investments
Renewable and alternative energy investments Renewable and Alternative Energy Investments Other, e.g. Company Wind Solar Biofuels Hydrogen geothermal BP ! ! ! ! x Chevron ! ! ! ! ! Majors ENI ! ! ! ! ! ExxonMobil x x x ! x RD/Shell ! ! ! ! x Total ! ! ! ! ! Amerada Hess x x x ! x US Regionals Conoco
Slide 15: Energy intensity gap between developed and developing economies, 2003
Energy intensity gap between developed and developing economies, 2003 Energy-intensive activities are being outsourced 35,000 30,000 25,000 BTU per GDP (in USD) 20,000 15,000 10,000 5,000 0 US Germany France Italy China India S. Korea Source: U.S. Department of Energy. Goldman Sachs Global Investmen
Slide 16: Reg AC analyst certification
Reg AC analyst certification I, Abby Joseph Cohen, hereby certify that all of the views expressed in this report accurately reflect my personal views about the subject company or companies and its or their securities. I also certify that no part of my compensation was, is, or will be, directly or in
Slide 17: Disclosures
See Sachs Disclosures March 27, 2006
Slide 18: Disclosures
Disclosures Distribution of ratings/investment banking relationships Abby Joseph Cohen, CFA: There are no coverage groups associated with the primary analyst. Company-specific regulatory disclosures There are no company-specific regulatory disclosures. Distribution of ratings/investment banking rela
Slide 19: Disclosures
Disclosures Regulatory disclosures Disclosures required by United States laws and regulations See company-specific regulatory disclosures above for any of the following disclosures required as to companies referred to in this report: manager or co-manager in a pending transaction; 1% or other owners
Slide 20: Disclosures
Disclosures Ratings, coverage views, and related definitions Our rating system requires that analysts rank order the stocks in their coverage groups and assign one of three investment ratings (see definitions below) within a ratings distribution guideline of no more than 25% of the stocks should be
Slide 21: Disclosures
Disclosures Global product; distributing entities The Global Investment Research Division of Goldman Sachs produces and distributes research products for clients of Goldman Sachs, and pursuant to certain contractual arrangements, on a global basis. Analysts based in Goldman Sachs offices around the
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