Goldman Sachs
Goldman Sachs Group, Inc., commonly referred to as Goldman Sachs, is a leading global investment banking, securities, and investment management firm headquartered in the United States. Founded in 1869, the firm has established a strong presence in major financial hubs, including New York, London, and Tokyo, serving a diverse clientele ranging from corporations to governments. Goldman Sachs operates primarily in the financial services industry, offering a wide array of products and services, including investment banking, asset management, and securities trading. Its unique approach combines innovative financial solutions with deep market insights, positioning the firm as a trusted advisor in complex financial transactions. With a rich history marked by key milestones, Goldman Sachs has consistently maintained a strong market position, recognised for its expertise and commitment to excellence. The firm’s notable achievements include its role in significant IPOs and mergers, solidifying its reputation as a leader in the global financial landscape.
DitchCarbon Score
How does Goldman Sachs's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Goldman Sachs's score of 57 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Goldman Sachs's reported carbon emissions
In 2023, Goldman Sachs reported total carbon emissions of approximately 23,094,000 kg CO2e for Scope 1 and 2 combined, with Scope 1 emissions at about 13,842,000 kg CO2e and Scope 2 emissions at approximately 9,252,000 kg CO2e. The company also disclosed Scope 3 emissions, primarily from business travel, amounting to about 79,915,000 kg CO2e. Goldman Sachs has set ambitious climate commitments, aiming for net zero carbon emissions in its operations and supply chain by 2030. This commitment was expanded in 2021 and is part of a broader strategy to align with the goals of the Paris Agreement. The firm has also established a target to reduce its Scope 1 and 2 emissions by 50% by 2025, using 2020 as a baseline. In addition to these targets, Goldman Sachs is focused on reducing energy intensity in its operations, with a goal to decrease energy use by 20% from a 2017 baseline by 2025. The company is also committed to enhancing the sustainability of its supply chain and has set specific sectoral targets for emissions intensity reductions in the energy and power sectors by 2030. Overall, Goldman Sachs is actively working towards significant reductions in its carbon footprint, demonstrating a commitment to sustainability and climate action in the financial sector.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Goldman Sachs is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
