The firm’s approach to accelerating climate transition is focused on those areas where Goldman Sachs can have a material impact, including working with clients to decarbonize their businesses and help drive progress towards net zero ambitions, engaging partners and broader stakeholders for impactful innovation and collaboration, and managing the firm’s own climate related risks.
In our latest Taskforce on Climate-related Financial Disclosures (“TCFD”) report, Accelerating Transition, we share an interim roadmap for how we aim to deliver on our long-term commitment to align with a net zero by 2050 pathway.
We describe how we are leveraging the full breadth of our business to help drive the low-carbon transition efforts of our clients through the development of new commercial capabilities and innovative climate solutions
We also acknowledge that in addition to opportunities, the impacts of climate change present risks that have the potential to impact our business in a variety of ways. We are continuously assessing and managing the risks posed by climate change to our business through proprietary models that leverage the latest science and industry best practices on stress testing, and are further integrating climate into our firmwide business and risk practices more broadly
We remain committed to support the goals of the Paris Agreement, which includes aligning our business with a net zero by 2050 pathway. In this year’s TCFD report: Accelerating Transition, we share an initial set of targets for 2030 for three sectors: Oil & Gas, Power and Auto Manufacturing*, representing sectors where we see opportunities to partner with our clients to help drive decarbonization in the real economy.
Our commitment is underpinned by the following core principles:
For further information on our initial set of targets for 2030, please
refer to our TCFD report: Accelerating Transition
We are leveraging our business to help build a more sustainable, inclusive economy. See how we’re delivering on our commitments alongside our clients and partners.
Paul Polman’s new book, Net Positive: How Courageous Companies Thrive by Giving More Than They Take, is a close look at how companies can pursue sustainable capitalism. In conversation with John Goldstein, head of the Sustainable Finance Group, Polman talks about his years as CEO of Unilever—where he was able to quadruple shareholder returns while also pursuing an industry-leading sustainability strategy—and what lessons can be shared with CEOs across all industries.
With his new book, Speed & Scale: An Action Plan for Solving Our Climate Crisis Now, venture capitalist John Doerr talks to John Goldstein, head of the Sustainable Finance Group, about his plan to arrest climate change sooner rather than later.
Learn about the wide-ranging variables playing a part in the push to a net-zero carbon future—from government action to tech innovation to market pressures—in our interactive data visualization.
Marquee’s carbon footprinting solution is a quantitative tool to help you analyze and implement low-carbon solutions across your equities and credit portfolios while managing your overall risk exposure.
Part 2 of our special miniseries: Host Kara Mangone and Michele Della Vigna, head of Natural Resources Research in EMEA, discuss the role capital markets, public policy, and technology will play in moving toward a sustainable future.
In 2020, we announced that we would deploy $750 billion in financing, investing, and advisory activity by 2030 to accelerate climate transition and advance inclusive growth. In the past year, we reached $156 billion of our total goal.