|Date joined:||3 March, 2021|
|Initiatives:||Net Zero Banking Alliance and Principles for Responsible Banking|
The Goldman Sachs Group, Inc. is a leading global financial institution that delivers a broad range of financial services across investment banking, securities, investment management and consumer banking to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
Summary of sustainability strategy
Sustainability is a firmwide mandate in Goldman Sachs. They have a long-standing commitment to sustainable finance, dating back to 2005, when they were one of the first financial institutions to acknowledge the scale and urgency of issues posed by climate change. They announced a commitment to become carbon neutral in their operations by 2020, and achieved this goal ahead of pace in 2015. In 2019, they made a $750bn commitment towards sustainable financing, advisory and investing activity over the next decade, grounded in two core pillars – climate transition and inclusive growth. They also implemented advancements in their environmental risk policy in order to better align with their firmwide commitments towards sustainability.
They are joining UNEP FI to deepen their commitment toward climate transition and partner with their peers and clients to help achieve the goals of the Paris Agreement.