2005: Environmental Policy Framework

Goldman Sachs Established Environmental Policy Framework

In November 2005, Goldman Sachs released the original Environmental Policy Framework, which articulated our conviction that a healthy environment is a prerequisite for a strong economy and a sustainable future and that we take seriously our responsibility for environmental and social stewardship. Beginning in 2024, principles previously captured within our Environmental Policy Framework are now included within our regularly updated sustainability reporting.

Additional Milestone - Goldman Sachs Formed Carbon Emissions Trading Desk

In 2005, we established our carbon emissions trading desk following the launch of the European Union Emissions Trading Scheme. We became a market maker for carbon emissions and other environmental commodities, enabling greater liquidity and market access, and helping our clients manage risks more effectively. Through our efforts, we are helping advance environmental policies and furthering the development of these markets.