Transparency & Engagement
Our efforts to effectively manage our environmental impacts are strengthened by cross-sector partnerships, which demonstrate our commitment to climate resiliency and transparency.
2025 Commitments around Transparency and Engagement
- Signatory to The Climate Group’s EP100 (Energy Productivity) and EV100 (Electric Vehicle)
Operational Resiliency Management
As part of our day-to-day operations, our CWS teams, together with our Sustainable Finance Group, conduct regular resiliency reviews of our office space and data center assets. Our infrastructure and business continuity assessments, for example, include the hazards posed by climate-related risks, including tropical cyclones, temperature changes, rising sea levels and severe weather conditions/natural disasters. We also consider such risks at all stages of our corporate real estate strategy – from site selection and building design to occupancy and facilities management. We prioritize and track key risks that pose a threat to the health and safety of our employees or to the firm’s critical infrastructure assets by utilizing various metrics and dashboards. Furthermore, this has afforded us the cognizance to safeguard our facilities in vulnerable areas by maintaining a robust Business Continuity Program that includes dedicated people recovery backup sites, in addition to our remote access infrastructure that allows a large percentage of our non-trading employee base to work from home.
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 2020, we were named to CDP’s Climate Leadership List, and received an “A”, which recognizes the firm as a world leader for corporate action on climate change. Additionally, the firm received an “A” on the Supplier Engagement Rating and was place in the Leadership List.
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, under the Obama administration. 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.
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 2019, we became the first 'triple joiner' in the U.S. to all three of The Climate Group's major programs to transition to a low carbon economy. Building on our existing RE100 (Renewable Energy) commitment, we become a signatory to both the EP100 (Energy Productivity) and EV100 (Electric Vehicle) initiatives as part of our new 2025 ESG operational commitments.
In 2020, we procured certified renewable energy credits equivalent to 100% of our global electricity consumption.
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.
Awards and Recognition
Green Power Leadership Awards
We were selected for recognition in the Excellence in Green Power Use 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 We were selected for recognition in the Excellence in Green Power Use 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 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. In 2018 we received the award in the Innovative Partnerships category of the Climate Leadership Awards for our partnership with the Building Energy Exchange and Lawrence Berkeley National Laboratory to build out the Living Lab at our global headquarters.
JUST Capital Environmental Ranking
Just Capital featured Goldman Sachs among 10 companies that score highest on all of the environmental issues the organization tracks. Goldman Sachs was ranked #3 in this category. Just Capital says these companies are "leading the way in protecting our planet by minimizing pollution, cutting waste, maximizing use of renewable energy, and more."
We were recognized with a Utah Green Business Award and a Salt Lake City Skyline Award in Tenant Leadership for our energy reduction and efficiency initiatives implemented in our Salt Lake City offices. We were also recognized with the Waterlogic Oceansaver Accolade for the use of sustainable water dispensers at our London headquarters.
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 addressing social issues that impact our neighborhoods. We regularly seek opportunities to maximize our social impact, and where we can, create opportunities for our employees to volunteer for causes that align with our initiatives and core competencies.
Jersey City Student Art Project
Since 2005, the Student Art Project (SAP) has been a free arts and education program that introduces local students to new artistic mediums and environments, while also encouraging them to think critically about topical issues that impact their community. In partnership with a local artist and a nonprofit partner, students complete a series of education workshops around a particular theme and translate their lessons into individual works that reflect their personal views on the subject. Student artwork from each year’s program is displayed along Jersey City’s waterfront esplanade near 30 Hudson Street for the community to enjoy throughout the year.
In 2020, we continued our 16th annual SAP with two weeks of virtual and socially distant in-person sessions, despite COVID-19. Over 30 local students between the ages of 6-17, alongside 13 GS employee volunteers, created art based on the 2020 program theme: “Press Play: Reflect and Reconnect.” The session provided a forum for students to reflect on quarantine experiences and harness their creativity through visual art.
Local College Collaborative
The Local College Collaborative (LCC) is a unique leadership program that brings together underrepresented college students with Goldman Sachs business leaders to develop leadership and career readiness skills. The LCC brings together forty high-performing students from four academic institutions in close proximity to the firm’s offices in Jersey City and New York City. Ten students from each of the partnering schools, Borough of Manhattan Community College, Hudson County Community College, New Jersey City University and Saint Peter’s University, are identified through a competitive application process. Students are evaluated on academic achievement, interviews, essays, team-building simulations, recommendations and other criteria. Over the course of the academic year, students work within their respective school groups to tackle a series of business case challenges alongside our volunteer coaches including periodic thought leadership meetings to hear from the firm’s business leaders on relevant topics such as professionalism, personal resiliency, diversity in the workplace or time management.
While COVID-19 prevented in-person sessions during our 5th annual Local College Collaborative, our students continued to work on their case studies virtually while attending select speaker series. Based on feedback from prior years, we implemented a mentorship component to our 2020-21 cohort, pairing each student with a Goldman Sachs employee.
Hong Kong and Singapore Art Programs
In 2019, the firm launched silent and live auctions as part of the firm’s Disability Awareness Month with Art Without Limits, an art program based in Hong Kong, in partnership with i-dArt (“I do different art”) by the Tung Wah Group of Hospitals, a local charity organization providing art courses and community art workshops for differently-abled artists.
We expanded this Community Arts Program to Singapore, continuing our partnership with the Autism Resource Centre (ARC) since 2018, a Singapore not-for-profit charity dedicated to serving children and adults with autism, helping them to lead meaningful and independent lives. Commemorating our 150th anniversary, the theme for 2019 was Blue, which represents the firm corporate color and is the globally recognized color for autism spectrum disorder. A charity art market was arranged during the Singapore Formula One event and a regional silent auction, promoting and showcasing the talents and abilities of people with autism, was conducted across Asia Pacific offices. A Community TeamWorks volunteer project was also conducted.
In 2020, we expanded the program further to include our Australia office, partnering with Scope Australia, a not-for-profit organization that supports people with physical, intellectual and multiple disabilities and developmental delays to achieve their goals. Although we were not able to bring the artists or artwork exhibition to our offices, the Corporate and Workplace Solutions division partnered with the firm’s Disability Interest Forum to conduct both a silent and first-ever APAC regional live auction over Zoom (included Hong Kong, Singapore, ANZ and Mainland China).
Bengaluru Student Art Project and 150ORR Basement Art Project
Partnering with Aravani to deliver the 2019 Student Art Project (SAP) in Bengaluru, the firm created a project to increase awareness about the transgender community. Key concepts focus on keeping a visual journal and encouraging students to be able to express themselves freely. Approximately 250 students will participate in the Student Art Project workshop series over a four-month span; their learnings will be showcased in the form of art pieces and journals during onsite events at our office.
For Bengaluru’s 2nd SAP, the program focused on raising awareness about individual choices and community based gender barriers. We partnered with Aravani and Buguri to distribute DIY journals, organizing small workshops to encourage over 550 students to express themselves by keeping a visual journal.