Goldman Sachs Sustainability Profile
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 73 is higher than 85% 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 2024, Goldman Sachs reported total carbon emissions of approximately 4,000,000 kg CO2e, comprising 103,000 kg CO2e from Scope 1, 831,000 kg CO2e from Scope 2, and about 3,866,000 kg CO2e from Scope 3 emissions, primarily from business travel. The total emissions for Scope 1 and 2 combined were approximately 934,000 kg CO2e. For 2023, the firm disclosed total emissions of about 17,000,000 kg CO2e, with Scope 1 emissions at approximately 13,842,000 kg CO2e, Scope 2 emissions at about 15,510,000 kg CO2e, and Scope 3 emissions from business travel at around 79,915,000 kg CO2e. The total for Scope 1 and 2 was approximately 16,894,700 kg CO2e. Goldman Sachs has set ambitious climate commitments, aiming for net zero carbon emissions in its operations and supply chain by 2030. This includes a target to reduce Scope 1 and Scope 2 emissions by 50% by 2025 from a 2020 baseline. The firm has also committed to aligning its business with a net zero pathway by 2050, in line with the goals of the Paris Agreement. The company has made significant strides, having reduced its Scope 1 and 2 absolute GHG emissions by approximately 31% compared to 2019 levels, with a goal of achieving a further 50% reduction by 2030. These initiatives reflect Goldman Sachs's commitment to sustainability and responsible banking practices.
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| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 6,915,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000 |
| Scope 2 | 206,506,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 3 | - | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
How Carbon Intensive is Goldman Sachs's Industry?
How Carbon Intensive is Goldman Sachs's Location?
Goldman Sachs's Scope 3 Categories Breakdown
Goldman Sachs's Scope 3 emissions, which decreased by 95% last year and decreased by approximately 98% since 2010, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Goldman Sachs's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Goldman Sachs has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
