Goldman Sacks and Ecosystem Services

EnergyPulse brings a very important press announcement. "Rainforest Action Network today commended Goldman Sachs (NYSE: GS) for being the first global investment bank to adopt a comprehensive environmental policy. The policy acknowledges the scientific consensus on climate change and calls for urgent action by public policy makers and federal regulators to reduce greenhouse gas emissions." They also say that "The policy is also the first in the financial sector to acknowledge the degradation of global "ecosystems services" addressed in the United Nations' Millennium Ecosystem Assessment (MA). Ecosystem services include the provision of water and food, control of pests and pathogens, renewal of fertile soil, control of floods, and more. The MA's findings that two-thirds of these services are being degraded present real challenges as well as opportunities for business."