Environmental Stewardship and Sustainability
Minimizing our operational impact is a prerequisite of sound environmental policy and a necessary complement to our core business activities. In all that we do we strive to find smart, sustainable solutions that make business sense and are environmentally responsible.
Since the release of the Environmental Policy Framework in 2005, our Corporate Services and Real Estate and Technology teams, in close collaboration with the Environmental Markets Group, focus on three operational priorities:
- Promoting Energy Efficiency and Reducing Our Carbon Footprint
- Maximizing the Use of Universal Green Building Standards
- Responsibly Managing Our Waste and Supply Chain
In support of our commitment to transparency regarding our environmental performance, Goldman Sachs has been a signatory to the CDP climate change survey since 2006, and has made our climate change-related disclosures publicly available since 2010. In 2013 we received a disclosure score of 98 and were in performance band A, placing us on CDP’s Global 500 and S&P 500 Climate Disclosure and Performance Leadership Indexes.
We ensure the accuracy of our environmental metrics and data collection processes by maintaining a robust internal inventory management plan, continuously enhancing our carbon accounting methodology, and through obtaining third party verification of our most significant data sets. We have had our Scope 1 and 2 greenhouse gas (GHG) emissions verified since 2009 and in 2011 we expanded the scope to include our Scope 3 business travel GHG emissions. In 2013 we expanded our independent verification further to include water use. We have included the results of the verification in our CDP submissions since 2009. CDP considers independent verification to be an important factor in their evaluation of our environmental performance and data integrity.