The Financial Post reports in its Friday, Sept. 13, edition that Goldman Sachs uses an environment, social, and governance filter to advise investors to buy coal giant Glencore and avoid Big Tech staples Microsoft and Alphabet. A Bloomberg dispatch to the Post reports that the filter assesses companies based on their commitment to recycling, waste management, and the re-use of materials and products, and ranks them according to a metric called circularity. Despite being the largest coal shipper in the world, Glencore still made the cut due to its significant recycling operations. Leaders in Goldman's circularity portfolio are outperforming the MSCI ACWI index by as much as 16 percentage points since 2021 through the end of July. Goldman Sustain's Evan Tylenda says a lot of companies "are taking on new initiatives that haven't maybe been quite as appreciated by the overall sustainable investment universe," adding that investors should see Goldman's list as a starting point for selecting investments. Bloomberg analysts Eric Kane and Melanie Rua say, "Though still relatively nascent, banks, including Wells Fargo and Deutsche Bank, are starting to pressure companies on effective waste management and biodiversity."