Goldman Sachs

Goldman Sachs, a US-based company in the financial intermediation services sector, reported its most recent carbon emissions in 2024. In that year, its Scope 1 emissions were 103,000 kg CO2e, and its Scope 2 emissions (location-based) were 831,000 kg CO2e. Scope 3 emissions from business travel amounted to 3,866,000 kg CO2e.

Looking back to 2023, Goldman Sachs's Scope 1 emissions were 13,842,000 kg CO2e, with Scope 2 emissions (location-based) at 155,105,000 kg CO2e, and Scope 3 business travel emissions at 79,915,000 kg CO2e. The total Scope 1 and 2 emissions (location-based) for 2023 were 168,947,000 kg CO2e. In 2022, Scope 1 emissions were 12,595,000 kg CO2e, Scope 2 emissions (location-based) were 156,468,000 kg CO2e, and Scope 3 business travel emissions were 61,517,000 kg CO2e. The total Scope 1 and 2 emissions (location-based) for 2022 reached 169,063,000 kg CO2e.

The company has set several climate commitments. Goldman Sachs aims to achieve net-zero carbon emissions in its operations and supply chain by 2030 for both Scope 1 and Scope 2 emissions, with this commitment first reported in 2021 and reiterated in 2023. Additionally, it has a near-term target to reduce its Scope 1 and Scope 2 emissions by 50% by 2025, from a 2020 baseline. The company has also made a long-term commitment to align its business with a net-zero by 2050 pathway, in line with the goals of the Paris Agreement, as announced in early 2021.

Goldman Sachs has also set intensity-based targets. For its energy sector investments, it aims to reduce emissions intensity from 72 gCO2e/MJ in 2019 to 56–60 gCO2e/MJ by 2030, representing a 17–22% reduction. In the power sector, the target is to reduce emissions intensity from 417 kgCO2e/MWH in 2019 to 147–219 kgCO2e/MWH by 2030, a reduction of 48–65%. All emissions and reduction targets mentioned are directly attributed to The Goldman Sachs Group, Inc. as the source organization.