Goldman Sachs says "green capex" will be "the dominant driver of global infrastructure over the next decade." The firm shared its ideas on how to play the trend. Green capex — capital expenditures that are geared toward sustainability goals such as decarbonization, infrastructure and clean water — will surge amid a public- and private-sector boom in investment, according to Goldman.
The firm screened for buy-rated companies exposed to the green capex goals of decarbonization, infrastructure and clean water that also met the following criteria: Have favorable corporate financial returns versus peers Have estimated revenue exposure of at least 25% to green capex-related United Nations' "Sustainable Development Goals" Are not in the bottom 20th percentile for the firm's GS Sustain operational "Environmental & Social" score Here are 10 of the...