The Framework embodies our commitment to developing effective market-based solutions to address climate change, ecosystem degradation and other critical environmental issues, and to creating new business opportunities that benefit the environment.
Each of our business areas has an important role to play in implementing our commitments under the Environmental Policy Framework (Framework) and contributing to environmental progress. The Environmental Markets Group coordinates and oversees the implementation of our Framework and works closely with each business area to ensure our people, capital and ideas are effectively leveraged.
Goldman Sachs understands that our responsibility to be good stewards of the environment starts with minimizing the impact of our own operations. We have committed to reducing greenhouse gas emissions to zero by 2020 and to date over 50 percent, or 5.2 million square feet, of our global real estate portfolio is LEED-certified.
In 2004, Goldman Sachs partnered with the Wildlife Conservation Society (WCS), one of the most respected conservation institutions in the world, to establish Karukinka Natural Park, a 735,000 acre protected area in the Chilean region of the island of Tierra del Fuego at the southernmost tip of South America. This remarkable land is rich in plant species and a showcase for the unique wildlife of Patagonia, and has become a model for conservation efforts around the world. In 2014, Goldman Sachs and WCS are celebrating the tenth anniversary of this landmark public-private partnership that has secured Karukinka Natural Park for generations to come.