Our Operational Impact
Transparency & Engagement
Our efforts to effectively manage our environmental impacts are strengthened by cross-sector partnerships, which demonstrate our commitment to climate action and transparency.
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 2016, we were named to CDP’s Climate “A” List, which recognizes the firm as a world leader for corporate action on climate change.
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.
In July 2015, we participated in the American Business Act on Climate Pledge event, which was hosted by the White House. As part of the event, we announced a pledge to achieve carbon neutrality across our operations and business travel in 2015 and maintain it thereafter. We also committed to use 100% renewable power to meet our global electricity needs by 2020, demonstrating our ongoing commitment to climate action.
In 2015, we joined the RE100 Initiative, led by The Climate Group in partnership with CDP, committing to 100% renewable energy use by 2020. We will look to share best practices with partner companies in supporting the renewable energy market. In 2016, we procured certified renewable energy credits equivalent to 90% of our global electricity consumption and signed a new long-term power purchase agreement for a solar power facility in India.
In 2013, we joined the New York City Carbon Challenge for Commercial Offices in focusing on using energy more efficiently in our interior and leased spaces through innovative strategies such as IT efficiency, lighting controls and space layout optimization. With this commitment we aimed to reduce the emissions per square foot at our global headquarters at 200 West Street in New York by 40% from our 2006 levels by 2023.
In 2015, we achieved this goal by reducing the emissions per square foot of our headquarters by 42%. Our achievement is highlighted in our “Early Achiever” case study. We will continue to implement energy reduction projects and maintain our 40% reduction commitment through 2023.
US ENVIRONMENTAL PROTECTION AGENCY AWARDS AND RECOGNITION
Green Power Partnership
We were selected for recognition in the Excellence in Green Power category of the 2016 Green Power Leadership Awards. This annual award from the EPA recognizes the country’s leading green power users for their commitment and contribution to helping advance the development of the nation’s voluntary green power market. We were one of only seven organizations nationwide to receive the Excellence in Green Power Use award.
Climate Leadership Awards
We were selected by the EPA, Center for Climate and Energy Solutions (C2ES), and the Climate Registry for recognition in the Excellence in Greenhouse Gas Management-Goal Achievement category and the Organizational Leadership category of the 2017 Climate Leadership Awards.
SOCIAL SUSTAINABILITY – COMMUNITY RELATIONS
In addition to our environmental efforts, the firm also recognizes its role in the communities in which we live, work, and operate. As a firm, we are committed to fostering local relationships and regularly seek and create opportunities to maximize our social impact. Where we can, we connect our employees with local organizations and give them time away from the office to volunteer for causes that align with our social sustainability initiatives and core competencies. We are proud of our signature programs such as Jersey City’s Student Art Project, which bridges students and the growing artist community in the local area, and The Local College Collaborative, which brings together 40 students across four local colleges and universities, to work alongside Goldman Sachs mentors to complete business case challenges and participate in leadership discussions.