Fellow Shareholders

Welcome to our new online presentation about the impact of our work every day on behalf of our clients and communities.

As we wrote in our Environmental, Social and Governance Report last year, we are committed to being a good steward in helping to address social, economic and environmental challenges. From Bangalore to Brooklyn, São Paulo to Salt Lake City, we are doing more to help governments, companies and individuals overcome obstacles, innovate and improve the quality of life. Our efforts range from supporting cleaner energy in China and women entrepreneurs in India, to small businesses in the United Kingdom, social justice in Johannesburg and new opportunities for military veterans in New York.

These examples reflect a range of issues where many of our people are contributing to meaningful solutions. Financial markets play an important role in addressing significant challenges and Goldman Sachs fully embraces this sense of responsibility. By helping economies to grow and markets to develop, we can play an integral role in creating opportunities and jobs.

We believe that effective stewardship extends beyond the traditional confines of generating returns for shareholders. Our business is dependent on growth and stability. We have an equal stake in overcoming obstacles to progress and opportunity. Our people are committed to employing their skills wherever they can to make a positive difference.

We look forward to your feedback and thank you for your interest.

Sincerely,

Lloyd C. Blankfein Chairman and Chief Executive Officer
Gary D. Cohn President and Chief Operating Officer