10:50 AM EST, 12/06/2024 (MT Newswires) -- Goldman Sachs ( GS ) has left a sector coalition aimed at aligning bank lending and investments with global climate change tackling efforts, Reuters said Friday citing a company statement.

The departure follows growing pressure over concerns that participating in the Net-Zero Banking Alliance might violate antitrust laws, Reuters reported.

Although Goldman Sachs ( GS ) did not give a clear reason for leaving, it highlighted its future strategy and the rising regulatory push for mandatory sustainability efforts, according to Reuters.

"We have the capabilities to achieve our goals and to support the sustainability objectives of our clients," Goldman Sachs ( GS ) reportedly said in a statement, adding that it is focused on the higher sustainability standards imposed by global regulators.

Goldman Sachs ( GS ) did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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