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ENVIRONMENTAL STEWARDSHIP

ENVIRONMENTAL STEWARDSHIP

Mobilizing Capital Markets to Address Climate Change


Lloyd C. Blankfein, chairman and chief executive officer of Goldman Sachs, discusses Goldman Sachs’ updated Environmental Policy Framework, highlighting our expanded target to deploy $150 billion to finance clean energy by 2025.

Goldman Sachs believes that a healthy environment is necessary for the well-being of society, our people and our business, and is the foundation for a sustainable and strong economy. Our commitment to environmental sustainability encompasses each of our businesses, whether it is deploying capital to expand clean energy solutions, underwriting green bonds or structuring catastrophe-linked securities to help clients manage climate change risks. A prerequisite and necessary complement to these core business activities is a commitment to minimizing our own environmental impact.

OUR ENVIRONMENTAL JOURNEY

In 2005, we published our Environmental Policy Framework - the document that formalized our approach to environmental stewardship and has guided our initiatives over the past decade.

  • 2015
    2015

    Updated Environmental Policy Framework

    In 2015, we updated our Environmental Policy Framework to build on our decade-long progress of environmental leadership and sustainable economic growth.

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  • 2014
    2014

    Innovative Green Bond Transactions

    We led several innovative transactions to expand the green bond market – from the first century green bond and the first green energy market securitization to the first Latin America renewable project green bond.

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  • 2013
    2013

    Tackling Water Challenges

    We structured several public-private partnerships to finance much needed water infrastructure and hosted a summit focused on financial solutions in the water sector.

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  • 2012
    2012

    Clean Energy Financing & Investment Target

    During a time when the clean energy markets were volatile, we established a target to deploy $40 billion of capital to advance the clean energy sector over the following decade. In 2015, we expanded our target to $150 billion by 2025.

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  • 2011
    2011

    Signatory to the United Nations Principles for Responsible Investing

    Through GSAM, we joined a global network of investors to advance our commitment to environmental, social and governance integration across our investment platform.

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  • 2010
    2010

    Clean Technology & Renewables Group

    We established a group within Investment Banking to lead the growing clean energy sector. We have been the leading financier helping clean energy scale up globally.

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  • 2009
    2009

    Committing To Carbon Neutrality

    We established a new goal to achieve carbon neutrality in our operations by 2020 by adopting a carbon reduction framework. In 2015, we expedited our commitment by five years and will be carbon neutral starting from 2015 onwards.

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  • 2008
    2008

    Goldman Sachs Asset Management Launches SUSTAIN Product

    We launched a global equity product to create investment opportunities that meet sustainability criteria.

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  • 2007
    2007

    Global Investment Research Launches GS SUSTAIN Platform

    We launched GS SUSTAIN at the UN Global Compact Leaders Summit. GS SUSTAIN incorporates ESG criteria into the fundamental analysis of companies to identify long-term outperformers.

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  • 2006
    2006

    Center for Environmental Markets

    We launched the Center for Environmental Markets with three partnerships focused on researching market solutions and informing policy to address climate change. Since then, we have contributed $13 million to additional partnerships and pilot projects focused on clean energy, energy and resource efficiency, water and other critical environmental issues.

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  • 2005
    2005

    Environmental Policy Framework

    Our Environmental Policy Framework articulates our conviction that a healthy environment is a foundation for a strong and sustainable economy and our commitment to leveraging market solutions to address critical environmental challenges.

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Take the Journey DOWNLOAD HIGHLIGHTS

Environmental Policy Framework

In November 2005, Goldman Sachs established our Environmental Policy Framework, which articulated our belief in the importance of a healthy environment and our commitment to leveraging our people, capital and ideas to address critical environmental issues. In the decade since, we have continued to build upon our commitment to the environment across each of our businesses. Our ten-year juncture provides an opportunity to review our progress and identify opportunities for us to do more.

Climate Change

We believe that climate change is one of the most significant environmental challenges of the 21st century and is linked to other important issues, including economic growth and development, poverty alleviation, access to clean water, food security and adequate energy supplies. We are committed to catalyzing innovative financial solutions and market opportunities to help address climate change.

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Environmental Market Opportunities

Each of our business areas has an important role to play in implementing our Environmental Policy Framework and helping our clients navigate and better manage evolving environmental risks and opportunities. By doing so, we can contribute to sustainable economic development and environmental progress. The following highlights key initiatives that we are undertaking and will continue to build on across our businesses.

  • Clean Energy

    Clean Energy

  • Water

    Water

  • Green Bonds and Impact Investing

    Green Bonds and Impact Investing

  • Climate and Weather Risk Solutions

    Climate and Weather Risk Solutions

  • Market Making In Environmental Commodities

    Market Making In Environmental Commodities

  • Goldman Sachs Asset Management

    Goldman Sachs Asset Management

  • Global Investment Research

    Global Investment Research

  • Center For Environmental Markets

    Center For Environmental Markets

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Environmental and Social Risk Management

We approach the management of environmental and social risks with the same care and discipline as any other business risk, and undertake a robust review process to take the environmental and social impacts and practices of our clients and potential clients into consideration in our business selection decisions.

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Our Operational Impact

Minimizing our operational impact is a prerequisite of sound environmental policy and a necessary complement to our core business activities.

  • Net carbon emissions across our global operations and business travel from 2015 onwards
  • Renewable power goal for our global electricity needs by 2020
  • Targeted in green operational investments by 2020
  • Real estate green-building certified by 2020

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Our People and Thought Leadership

Environmental stewardship is not only about how we operate our business, but also about how we engage our people. Through programs sponsored across our global businesses, environmental issues are discussed and environmental initiatives are acted upon. We will continue to look for opportunities to further engage our employees on environmental opportunities.

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