Our Vendor Program

At Goldman Sachs, we partner with a variety of organizations to deliver creative and innovative solutions for our clients and global business. 

We work with thousands of vendors, including small and diverse businesses, to provide goods and services in over 160 cities around the world.
 

 

Our firm’s core values - Partnership, Client Service, Integrity and Excellence - are at the heart of all that we do. We have high expectations of ourselves and our extended community of vendor partners as we work together to achieve our objectives.

Sustainable Supply Chain

We believe that sustainable business drives superior performance and that this is the only way to create long-term value for all stakeholders. Our approach to sustainability focuses on commercial solutions that help accelerate transition to a low-carbon economy and advance inclusive growth.

We look for vendors who share our commitment to environmental stewardship, ethical business practices, and diversity and inclusion as well as adhere to labor and human rights accords.

Vendor Diversity

As part of our overall sustainability program, our Vendor Diversity Program breaks down barriers to market access for small and diverse enterprises in order to unlock commercial opportunities with Goldman Sachs. We also look to our vendors and their diverse supply chains in support of these goals.

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Sustainability

Environmental and social impact is core to the firm’s decision-making process when selecting vendors to deliver goods and services. During selection, vendors must demonstrate how they manage their environmental footprint, create inclusive workforces and address social challenges. We partner and collaborate with our vendors to find sustainable solutions to make a global impact.

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Partner With Us

Partnering with Us

We are always interested in finding ways to partner with organizations who can help us deliver innovative and creative solutions and invite you to explore the types of goods and services we look for from our vendors.

We also encourage you to increase our awareness of your capabilities by setting up an account on the Ariba® Network. Our teams leverage the Ariba® Network searchable database to consider potential partners and also use it to create opportunity postings for potential suppliers to match our requirements.

For diverse vendors, please also complete this prospective diverse vendor form and enter details regarding any diversity certifications when setting up an Ariba® Network account.

Reference the Frequently Asked Questions for information on a variety of topics.

 

 

 

 

 

 

 

 

Enabling Our Partnership

Thank you for your continued partnership; we value our working relationship and encourage you to maintain a dialogue with the firm through your Goldman Sachs contact.

To support our engagement with you we have migrated to new platforms to simplify and enable faster processing, support transparency and further the firm’s Environmental, Social and Governance objectives.

The steps we are taking will enhance our collaboration efforts with you and provide greater visibility to opportunities across the firm.

We encourage you to review the platforms used in the vendor partner process to ensure your profile is complete, details regarding applicable diversity certifications have been updated and ongoing due diligence and risk reviews that require your cooperation are managed.

Reference the Frequently Asked Questions for information on a variety of topics.

 

 

 

 

 

 

 

 

Platforms

We utilize key technology platforms which vendors all over the world can leverage to streamline and facilitate the partner process. These systems are an integral part of the end-to-end process for our vendors.

SAP Ariba® (preferred transaction/procurement platform for vendors)
Our teams leverage the Ariba® Network’s searchable database to consider potential partners and create opportunity postings for vendors to match our requirements. We also transact through the Ariba® Network to simplify and enable faster processing, support transparency and further the firm’s Environmental, Social and Governance objectives. View more information here.

KY3P® (platform for third-party risk management)
We utilize IHS Markit Know Your Third Party (KY3P®) for a better understanding of our vendors’ approach to risk management. All vendors need to complete a risk profile using this platform and support ongoing due diligence and risk reviews.

Collaborati (platform for legal and professional services/consulting vendors)
Using Collaborati, legal and consulting vendors can submit invoices, and legal vendors can submit timekeeper rates. All of the firm’s consulting vendors will transition into Fieldglass in 2021. Legal vendors, however, will continue to use Collaborati. Refer to Collaborati for more information on invoicing pre-requisites.

Due Diligence

Our approach to due diligence is an essential component of the firm’s approach to risk management.

Before discussing specific opportunities, you will be asked to sign a Non-Disclosure Agreement. For products and services offered on a trial basis, an Evaluation Agreement may also be required.

If we move forward to on-board you as a vendor, we will provide an agreement that will govern our relationship. Due to the varied nature of the products and services we consume and the range of jurisdictions in which we operate, we aim to agree on terms that are appropriate for the relevant situation.

There are certain principles that apply to our vendors which you can expect to see in our agreement. For example, you will be asked to comply with all applicable laws and regulations (including data privacy and data protection laws, if relevant); to maintain the confidentiality of our information, and, to the extent you have access to our information or systems, meet our applicable data security, privacy and protection standards; to avoid publicizing our relationship; and to make your products and services available to our affiliates under our agreed terms. 

There are a number of important documents that describe our expectations of our vendors, including those linked below. We would encourage you to read these documents, and are happy to discuss any questions you may have in this regard.  Once we agree on the terms that govern a relationship, we apply those terms to future orders and engagements to enhance the speed and efficiency of the contracting process.

As you consider working with the firm, please be aware of these important documents and links.

Vendor Code of Conduct
Human Rights Statement
Business Integrity Program
Global Business Continuity Program
Environmental Policy Framework
Diverse Vendors Definition Guide 
Technology Risk Expectations

Contingent Workers

A contingent worker can be on-boarded only after a contract has been fully executed between Goldman Sachs and the vendor, and the vendor profile has been approved in KY3P®. Contingent workers will be subject to regional regulatory and firm requirements which include a background check.

Contingent workers also need to attest that they have read and will comply with the firm’s contingent worker handbook, which provides general information about Goldman Sachs’ policies to assist contingent workers while on assignment at the firm. Some of these standards may vary by region due to differing jurisdictional laws and regulations. The handbook is currently divided into the following topics:

  • On Assignment at Goldman Sachs
  • Policies and Conduct
  • Communications
  • Discrimination Laws
  • Security and Safety
  • Information Security
  • Compliance

With limited exceptions, contingent workers are also required to complete the firm’s compliance trainings included in the contingent worker handbook. For additional questions regarding contingent worker requirements reach out to your Goldman Sachs contact.